INDUSTRY-WISE LEGAL EXPENSES ANALYSIS OF INDIAN COMPANIES

This study analyzes the industry-wise legal expense pattern and its relation with total expense and sales for the period of 2009-2010 to 2018-2019. Also, identify a group of industries having high legal expenses. Data of 1851 sample companies are collected from the CMIE ProwessIQ database, which is segregated into different industries groups from A to U as per NIC Industries Code 2008. The analysis is done through ratio analysis and trend analysis. Results found that legal expenses show an increasing trend in growth and few industries have higher legal expenses than average legal expenses. Also, some legal requirements are common but some may differ from industry to industry they operate.