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foreign law firms

Numerous foreign law firms are active in the Indian market.
25 April 2015

"Why should we need to go outside the country for global arbitration? We shouldn’t think that if foreign lawyers come here, they will take away our jobs,” said prime minister Narendra Modi, for the first time publicly weighing in on the liberalisation debate, adding that fears that foreign lawyers would dominate the local profession were unfounded.

07 April 2015

Harish SalveSenior advocate Harish Salve is assisting the 50-lawyer strong society of Indian lawyers fighting the Bar Council of India (BCI) in the Supreme Court, for liberalisation in Indian legal services.

06 April 2015

The Bar Council of India’s (BCI) appeal opposing entry of foreign law firms into India today inched forward in the Supreme Court, as the respondents finished filing their written submissions 32 months after the first hearing in the case.

06 April 2015

Commerce secretary Rajeev Kher told Mint that a committee of secretaries may “meet as early as this month to clear the proposal on legal services, which will be subsequently placed before the cabinet for a final decision”.

26 March 2015

The global chartered accountancy (CA) firms dwarf even global law firms in revenue and have increasingly been getting into legal services, with PwC’s legal arm now having a headcount of lawyers equivalent to the world’s tenth-largest firm already generating $500m per year from law, reports the Economist:

Those most at risk from the attack of the bean-counters are the profusion of mid-tier legal firms in liberalised markets. Since their profit margins are already low, they cannot afford even a modest loss of market share. Unfortunately for them, much of their business is high-volume, repetitive tasks—just the sort of work that the Big Four excel at standardising and automating.

In India, CA firms have been making inroads into legal too, with Ernst & Young (E&Y) having arguably been the most visible via its close alliance with aggressively growing start-up PDS Legal. Even domestic CA firms such as Mohinder Puri & Co have made forays into legal best friendships, having hired former Amarchand Mangaldas tax head Aseem Chawla in 2012.

The Society of Indian Law Firms (Silf) and the Bar Council of India (BCI) have also been in talks about the growing threat of CA firms, other than just foreign law firms, with the Madras high court having indicated that CA firms might be in violation of the law by practising it.

04 March 2015

Law minister https://www.legallyindia.com/Law-firms/legal-market-liberalisation-investigation-into-lobbying-and-policy told The Hindu: “Yes, Japan has written to us. We are taking the issue of opening up our legal sector on a positive note, but on the condition that it will increase the face-value of our lawyers globally and there will be a mutual exchange of lawyers, law firms.”

BCI chairman Manan Kumar Mishra told The Hindu: “The Union Law Ministry has handed us Japan’s letter which says that they are ready and eager to invite and allow Indian lawyers and Indian law firms to practice Indian laws in Japan. The BCI is studying the proposal.”

“We will be framing this rule of reciprocity after carefully examining the situation for lawyers in each country. For example, if they create a hurdle, like a test which is very difficult to crack, we will also do the same here for their lawyers looking to practice here.”

Legally India and Mint reported earlier this week that in discussions with Society of Indian Law Firms (Silf) and the Bar Council of India (BCI), the government was taking a proactive approach in liberalisation the legal market, possibly within the next two years.

03 March 2015

Lalit BhasinLegally India investigates in Mint how special interests have succeeded at and could end up indefinitely stalling reform of legal services, despite the government's best laid intentions.

24 February 2015

Society of Indian Law Firms (SILF) president Lalit Bhasin told the Business Standard that a plan of phased entry into India of foreign law firms should begin in 2015, subject to a number of conditions.

29 January 2015

Narayan IyerNarayan Iyer, who had left Linklaters Singapore in 2009 to join the magic circle firm’s best friend Talwar Thakore & Associates, has been appointed as head of the India practice.

15 December 2014

Lalit Bhasin: Lalit Bhasin has written in a Business Standard column that he was now in favour of allowing the phased entry of foreign law firms…

06 November 2014

Feda MetaniosAZB & Partners has hired the Australian Competition and Consumer Commission’s (ACCC) former assistant director Fadi Metanios as a senior consultant in its Delhi competition team.

28 October 2014

Penningtons Manches partner and India co-head Saionton Basu has joined US firm Duane Morris’ London corporate practice, according to a press release from the firm.

The NLSIU Bangalore graduate had joined Penningtons, as it was then called, in 2011 from Platinum Partners in Delhi, where he had returned after two years with White & Case in London.

Basu was not reachable for comment.

Penningtons’ India co-head Teja Picton-Howell did not comment at the time of going to press.

16 October 2014

lshf5damSupreme Court advocate, Lok Sabha member and BJP spokesperson Meenakshi Lekhi, speaking at a legal conference yesterday, said that she would ‘extend protection’ for Indian lawyers against the entry of foreign law firms to India.

23 September 2014

ChatterjeeDLA Piper India group partner and NLSIU Bangalore grad Biswajit Chatterjee has joined US firm Squire Patton Boggs.

22 August 2014

Vivekananda NSingapore International Arbitration Centre (SIAC) deputy registrar Vivekananda Neelakantan joins top Singapore firm Allen & Gledhill.