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foreign law firms

29 November 2016

Weil Gotshal & Manges associate Nitin Konchady, who is a 2006 graduate of NLSIU Bangalore, has been promoted to partner in the London banking department’s Europe-focused high yield debt practice area in a partnership promotion round of 13, according to the firm’s press release.

21 November 2016

ranbir singhNLU Delhi vice chancellor (VC) Prof Ranbir Singh, who on Friday joined the board of the 300-plus member International Association of Universities (IAU), said that the “timing is proper” for liberalisation in Indian legal services.

08 November 2016

Senior counsel and Bar Council of India (BCI) chairman Manan Kumar Mishra has sent a letter to prime minister Narendra Modi, copying in the finance, law and commerce ministers, pleading with Modi to not challenge the BCI’s role in regulating the legal profession and the entry of foreign law firms and to bring the BCI back to the negotiating table about the future of the profession.

07 November 2016

Opening up of professional services appeared to have been discussed by the delegation headed by UK prime minister Theresa May with the Indian government today, with British justice secretary Elizabeth Truss having said that May would “pave the way for UK lawyers to practise there” after she was asked about the progress of liberalisation in the UK parliament.

21 October 2016

ICCA proposal of a 8-week, 8-meeting roadmap to hammer out liberalisationThe Indian Corporate Counsels Association (ICCA) has proposed eight weekly meetings between various stakeholders in the legal services liberalisation discussion, in order to prepare a status report on the points of consensus and disagreement between them.

13 October 2016

Good friends: BCI invites Silf to help it come up with rules on Indian & foreign lawyers and profession

The Bar Council of India (BCI) has invited the Society of Indian Law Firms (Silf) to help it fine-tune its proposal to the Law Commission, which was called upon by the Supreme Court to take a comprehensive look at the role of the bar councils’ “failure” and “inaction” in regulating the legal profession.

13 October 2016

Kirkland and Slaughters come top in India M&A from outsideKirkland & Ellis and Slaughter & May acted on the biggest Indian M&A transactions among 14 foreign law firms that each advised on more than $1bn worth of Indian M&A deals this quarter.

10 October 2016

Prem Mohan, who had graduated in 2007 from NLSIU Bangalore, has been promoted to partner in Kirkland & Ellis London office in the financial services regulatory practice.

05 October 2016

Liberalisation of legal services directly upholds citizens’ constitutional right to the choice of lawyers they want to engage, in Prof NR Madhava Menon’s view.

29 September 2016

BCI changes its mind on liberalisation after discussion floats possibility of alternative regulator The Bar Council of India (BCI) has backtracked on its earlier full-throated support of liberalisation of the legal market in a six-page letter, saying that it had encountered “strong opposition” from state bar councils and was therefore withdrawing its earlier draft rules to allow foreign lawyers.

29 September 2016

The Indian Corporate Counsel Association (ICCA) has produced draft of a Foreign Legal Practitioners (Regulation of Practice) Bill 2016, which it will present at today’s meeting with ministries and stakeholders at 17:30 in Delhi.

28 September 2016

Lalit Bhasin: Silf 'contemptuously rejects' INBA proposal to open up legal profession this yearThe Indian National Bar Association (INBA), which released a report last week calling for the entry of foreign law firms this year, has now also been invited to also meet the Government in tomorrow’s talks on legal market liberalisation.

21 September 2016

Skadden Arps Slate Meagher & Flom has hired 2005-ILS Pune graduate Parveet Singh Gandoak to the firm as a counsel in Singapore from Debevoise & Plimpton, where he had worked between 2011 and 2016 as an associate.

20 September 2016

The Indian National Bar Association (INBA) has weighed into the legal market liberalisation debate, coming up with a proposal that would see foreign law firms entering by the end of this year, with “complete liberalisation” proposed to happen by the end of 2019.

24 August 2016

The Society of Indian Law Firms (Silf) has sent its notes to the commerce ministry in the latest stage of the liberalisation talks.

11 August 2016

Jindal Global Law School (JGLS) Sonepat and the Indiana University Center on the Global Legal Profession is hosting a very interesting panel discussion today, which I intend to live blog here.

14 July 2016

Undated photo of Silf president Lalit Bhasin with cabinet minister Arun JaitleyAccording to a copy of the minutes of the meeting of Society of Indian Law Firms (Silf) members on Monday, the SILF “decided to organise an interaction over dinner” with the recently re-appointed new law minister Ravi Shankar Prasad, the minister of state PP Chaudhary and law secretary Suresh Chandra, who is spearheading the liberalisation talks.

14 July 2016

The Narendra Modi government’s push for the Goods and Services Tax (GST) bill and other legislation - including potential reforms of the legal services sector - could see another roadblock in the upcoming monsoon session of Parliament with the Congress getting set to attack the Centre on the Supreme Court verdict to restore the ousted Congress government in Arunachal Pradesh.

12 July 2016

Shearman & Sterling, DLA Piper, White & Case and Allen & Overy had the largest number of recorded Indian M&A deals in the first six months of 2016, according to data intelligence provider mergermarket, each with five or four transactions.

12 July 2016

The Society of Indian Law Firms (Silf) meeting held in Delhi yesterday (11 July) to discuss its response and position to the Government proposal to liberalise the legal market, has seen the body set up a high-powered committee without any fundamental disagreements voiced about the next steps to take, according to several people who were present.

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