•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

Revealed: Rainmaker had entered into wide letter of intended JVs with BCI but most never took off

AIBE: Costly or not?
AIBE: Costly or not?
A Right to Information (RTI) request has revealed that the Bar Council of India (BCI) entered into a wide-ranging letter of intent (LOI) with legal industry services provider Rainmaker in 2010, not just to conduct the All India Bar Exam (AIBE) but also to cross-promote other products of the company. However, according to Rainmaker, the majority of that LOI was never implemented.

The LOI was obtained by legal website Bar & Bench under an RTI request, and stated the intention for the BCI and Rainmaker to collaborate on conducting the AIBE.

[Download LOI here]

The LOI also stated that the company would gain access to a database of all Indian lawyers who would have to enrol in a mandatory universal identification number (UIN) scheme, automatically signing them up to a website started by Rainmaker and offering them a free trial of its case management software.

But Rainmaker chief operating officer (CEO) Nikhil Chandra, who had signed the LOI alongside then-BCI-chairman Gopal Subramanium, told Legally India that the LOI was not binding and only delineated broad areas of future cooperation because the BCI was keen to work on continuing legal education (CLE) and the UIN programme.

The collaboration on sharing the UIN database and the CLE had never actually moved forward, he said.

At the same time as the LOI a separate memorandum of understanding (MOU) was entered into about the AIBE, that set out revenue shares between the company and the BCI, according to Chandra.

That MOU was not disclosed by the BCI under the RTI, but Chandra claimed that under the revenue sharing arrangement – by which Rainmaker was entitled to roughly 70 per cent of the Rs 1,300 sign up fees, coming to nearly Rs 5 crores in total over three exams – also stipulated that Rainmaker would have to bear all the costs of conducting the AIBE itself.

The LOI expired in January 2010, and Rainmaker’s AIBE contract ran out in March 2012.

A new contractor has since been appointed by the BCI to conduct the upcoming AIBE, scheduled for November 2012, for which fees were hiked by around 50 per cent.

Full disclosure & sponsored link: BarHacker.in is an bar exam preparation service with a 100% pass rate, that is jointly owned by iPleaders and Legally India.

Photo by comedynose

Click to show 10 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.