Legal Services Board

Law minister Veerappa Moily admitted that the entry of foreign firms could be good for business if local lawyers were allowed to build capacity before an “onslaught from the rest of the world” and that he had seen 80 national law school graduates prosper at London firms, in a revealing interview with the Mint paper today, adding that the door was still open to transfer the Chennai writ petition against foreign firms to the Supreme Court.

Arguing that legal education should be taken away from the BCI, he denied that the Bar Council of India (BCI) should feel threatened by the Legal Practitioner’s Bill.