foreign law firms
In a global partnership promotion round of 27 across 11 offices, India group member Sushil Jacob has been promoted to partner at international giant Linklaters, with effect from 1 May 2018.
The government said in Lok Sabha on 21 March that the “entry of foreign law firms... on basis of reciprocity is under consideration by Government”, as first reported by LiveLaw.
The nearly 7-year-old best friendship between Clyde & Co and Clasis Law is on the rocks, and due to not continue after 31 March of this year, according to multiple sources with knowledge of the development.
“I received a call from the government today,“ Kaviraj Singh, secretary general of the Indian National Bar Association (INBA), told us yesterday. Staunchly pro-liberalisation INBA and Singh have been one of the stakeholders involved in discussions with the Indian government.
The Supreme Court has today, very softly in paragraph 35 out of 46 in its judgment that allowed foreign lawyers limited rights to fly-into India, opened the door to third-party litigation funding.
As first reported by Live Law, the Supreme Court has upheld the right of foreign lawyers to fly in on a temporary basis to India to advise clients, as well as finding that foreign lawyers should be allowed to conduct international arbitrations in India.
The long-long-running Supreme Court case hearing the Bar Council of India (BCI) appeal against the Madras high court's AK Balaji judgment, which allowed foreign law firms to operate in India on a fly-in-fly-out basis, is listed for tomorrow as cause list number 1501.
UK firm Travers Smith has introduced “That's not cool” as a phrase and hashtag that anyone at the law firm is intended to be able to use in response to anything that a colleague has said or done that makes them uncomfortable, reported The Lawyer (requires free registration to read).
The Supreme Court today finished hearing counsel in the Bar Council of India (BCI) petition against the practice of law by foreign lawyers in India, in a hearing that began in the morning and reconvened at 3pm to finish only by nearly 5:30pm.
Milbank Tweed Hadley & McCloy added former Cadwalader Wickersham & Taft partner and NLSIU Bangalore 2004 alumnus Sinjini Saha in London, as reported by Legal Business.
Indian lawyers practising abroad would end up bearing the brunt of the Bar Council of India (BCI) potential regulation of foreign law firms under the current regulatory regime, argued London Court of International Arbitration (LCIA) counsel Dushyant Dave before the Supreme Court yesterday.
The Supreme Court refused to entertain adjournment pleas by senior advocates in today's hearing of the Bar Council of India (BCI) writ against the entry of foreign law firms into India, reported Bar & Bench.
On Saturday, 11 November, the Indian National Bar Association (INBA) had held the “Bar Leadership Summit on Reforms in the Indian Legal Sector” conference to discuss the future and liberalisation of the legal profession, and to bring together leaders of the bar and the government.
UK firm Penningtons Manches LLP India group co-head Ajit Mishra, has joined London-based Rosenblatt Solicitors as the head of its India group.
Luthra & Luthra senior partner Mohit Saraf, who was one of the Indian law firm promoters requesting the commerce ministry in liberalisation negotiations to prevent foreign firms from hiring Indian lawyers, said in an interview with Asia Legal Business that if foreign firms open in India, they would only be with a “very small office”.
US-international firm Cleary Gottlieb Steen & Hamilton has promoted three to partner this year, including London-based M&A lawyer Nallini Puri, reported The Lawyer and others.
In an online straw poll of foreign law firm India group partners we conducted, 15 out of 16 (94%) responded that opening an office in a special economic zone (SEZ) in India “would not be interesting for us under any circumstances”, casting doubt over the government's current seemingly preferred approach to liberalise the Indian legal market by starting with SEZs.
The Bar Council of India (BCI) appeal against the AK Balaji judgment of the Madras high court against 31 foreign law firms has been tentatively scheduled to finally happen on 20 November 2017, with the Supreme Court registry giving the green light in a 3 October order (see below), noting that all defects in service had now been cured.
At a smaller meeting called by the commerce ministry on 1 September with legal industry stakeholders, including Society of Indian Law Firms (Silf), the Indian National Bar Association (INBA) and Bar Association of India (BAOI), the three Silf members present reiterated their position that foreign law firms, if they were to enter India, shouldn't be allowed to hire Indian lawyers.