Three law firms have joined forces with senior executives from some of Australia's largest organisations to raise funds for severely underprivileged children in India.

Colin Biggers & Paisley, Corrs Chamber Westgarth and Freehills are collaborating with Deloitte Private, Commonwealth Bank of Australia and Perpetual to run in September's Sydney Running Festival with the goal of raising over $150,000.

The funds raised will be for the Australian youth-led 40K Foundation, which delivers cost-effective poverty reducing education projects to empower people to realise their right to social and economic development.

"In our professional lives many of us are competitors and its testament to the inspiring work of 40K that we can come together for this cause," said Freehills partner Peter Dunne.

40K was established by university students and the donated funds have built a school for severely underprivileged children outside of Bangalore, India. The school opened for its first 100 children in June 2011, and now 40K is looking to undertake even larger projects, including establishing 30 after-school tuition centres, nine libraries and training 150 English-language teachers and two life skills coaches in Southern India.

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