Almost everything that could happen, did happen this week in Indian law.

And then hell froze over.

Legally India was the first to report one of the biggest items of foreign law firm news in 15 years: the Bombay High Court finally gave its judgment in the infamous case of Lawyers Collective v Ashurst, Chadbourne & Parke and White & Case.

“It’s a very important milestone in the evolving debate,” says Amarchand Mangaldas Mumbai managing partner Cyril Shroff about the Bombay High Court judgment. “Its ramifications will be analysed over the coming weeks by all concerned.”

But so far the analysis has yielded little in the way of certainty and the sparse judgment has become a reflection of individuals’ hopes and desires, as well as an ill-fitting receptacle for the status quo.

International firms Ashurst, Chadbourne & Parke and White & Case have lost the long-running case against the Lawyers’ Collective, with the Bombay High Court having decided today that the practice of all law by foreign firms in India is illegal.

Law minister Veerappa Moily has reiterated his stance on liberalisation and vowed to set up four super-charged “law schools of excellence” throughout India.