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Unintended consequences / Issue 53

Legally India newsletter
Legally India newsletter
The Monsoon has been welcome where it has hit but the real floodgates apparently opened this week with the publication of the Gazette of India, which contained the notification of the Bar Council of India's (BCI) resolution to hold an all-India bar exam.

As if on queue, three writ petitions flowed into two Indian High Courts, challenging the constitutional and statutory grounds of the exam.

Now if some of the petitions prove to be successful and the BCI were forced to push an amendment to the Advocates Act through parliament, a lot more parties than just those interested in education will like to have a say and try to get their clauses in while they can.

One serious danger is that this could kill the bar exam completely.

And although Moily almost imperceptibly softened his public stance on foreign law firms this week, legislating the Lawyers Collective v Ashurst judgement out of the Advocates Act remains unlikely although you never know.

More immediate results will be found elsewhere.

Link Legal has set up its long-planned Mumbai office and expanded with a partner in its Hyderabad office.

And Rodney Ryder start-up Scriboard has entered into a novel alliance with LPO Overlegen, planning not just to refer legal work but also to build legal technology platforms together. Could this be a better model than the raft of past years' law firm LPO start-ups, many of which have failed to make a real impact?

Mergermarket's April and May M&A data reveals that foreign firms have been bagging a large chunk of India-related deals amid a rise in outbound activity.

Four entirely domestic firms, however, took advantage of the $159m ownership change of low-cost airline SpiceJet.

If you want to see how winning Mooting Premier League teams are built, read our examination of the mooting DNA of Nalsar Hyderabad.

And while no winner has been declared yet, read our round-up of six months of the best legal writing and blogging on Legally India so far. The standards and insights gleaned have been incredible and picking just one winner to the blogging competition will be very, very tough.

This week also saw the release of the long-awaited draft Direct Tax Code, which promised to radically simplify the Indian tax system.

Best of blogs

In addition to our six-month round-up of the best blogs, a number of new talented bloggers entered the fray.

Comment of the week:

On law firm salaries: "It is for the associates to choose while they join and not to crib endlessly about their "poor" pay or say that foreign firms, when they come in, will pay better. Law firms have to endlessly struggle to keep up to the competition and to source work - every bit of it requires continued sincerity and endeavour of the management. Hope the associates appreciate such position while expressing their views on existing pay structures."

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