Articles tagged with: foreign law firms

BCI makes friends with SILF, invites for help to regulate Indian & foreign lawyers • Bhasin, Rajiv, Jyoti, LK, Rohan Shah to visit BCI Saturday

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

Foreign firm M&A league table: US firms again grab the biggest share, Kirkland, Slaughters top

Kirkland and Slaughters come top in India M&A from outside
Kirkland and Slaughters come top in India M&A from outside
Kirkland & 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.

Foreign firm M&A league table: US firms again grab the biggest share, Kirkland, Slaughters top

Kirkland and Slaughters come top in India M&A from outside
Kirkland and Slaughters come top in India M&A from outside
Kirkland & 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.

2007 NLS-grad Prem Mohan becomes Kirkland & Ellis London partner

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.

Entry of foreign law firms: We asked Prof Madhava Menon what he thinks

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.

Upset BCI U-turns, throws spanners into today’s legal liberalisation talks • Ball now in GOI (and Supreme) court

BCI changes its mind on liberalisation after discussion floats possibility of alternative regulator
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.

ICCA draft liberalisation bill is most thorough yet: Proposes 26-49% legal FDI within 2-5 years, ad rules, CLE, insurance, more

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.

Interview: SILF’s Lalit Bhasin slams quick foreign lawyer entry floated by INBA (which just won a seat at tomorrow’s negotiating table)

Lalit Bhasin: Silf 'contemptuously rejects' INBA proposal to open up legal profession this year
Lalit Bhasin: Silf 'contemptuously rejects' INBA proposal to open up legal profession this year
The 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.

Skaddens Singapore nabs ILS-grad Parveet Singh Gandoak as counsel

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.

‘Open legal market immediately’, proposes Indian Nat’l Bar Ass’n (INBA) in liberalisation report

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.

Liberalisation: Silf submits 52-page vision about how legal market should open in phases

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

LIVE BLOG • JGLS liberalisation talks: Commerce ministry talks plainly, discusses with Lalit Bhasin, R Luthra and more…

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.

Meeting minutes reveal: SILF to arrange dinner with liberalisation ministers, law secretary • To build Rs 12.5 cr office with bar association

Undated photo of Silf president Lalit Bhasin with cabinet minister Arun Jaitley
Undated photo of Silf president Lalit Bhasin with cabinet minister Arun Jaitley
According 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.

Will parliamentary monsoon session (and maybe liberalisation) be a washout because of SC Arunachal verdict?

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.

Which foreign firms have been busiest in Indian M&A? US firms grab bigger share than Brits in H1 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.

Liberalisation Silf meet yday: Momentum grows, group of 7 law firm leaders to finalise stance by month-end

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.

Today’s liberalisation talks: Gov’t very enthu • SILF averts ‘disaster’, swings postponement • Luthra highlights ambiguities

Possible artist's impression of today's meeting...
Possible artist's impression of today's meeting...
This morning’s hotly anticipated meeting between government ministries and several non-governmental organisations, including the Society of Indian Law Firms (Silf) and the Bar Council of India (BCI), passed without any principled resistance by stakeholders to the allowing foreign lawyers to practice in India.

Liberalisation is close but far from a done deal: Analysing the BCI, Silf and others’ gameplans and odds of success

Is the door for foreign law firms to India half open or half closed? Guess what, it totally depends...
Is the door for foreign law firms to India half open or half closed? Guess what, it totally depends...
The liberalisation process might never have been as advanced, but it remains a process fraught with sensitivity.

Foreign lawyer entry closer than ever: Read long-awaited BCI draft rules on liberalisation (to be discussed on Tuesday)

The liberalisation gates have never been this half-open
The liberalisation gates have never been this half-open
The Bar Council of India (BCI) has drafted rules to allow foreign lawyers to practice in India, with the law and justice ministry having invited other ministries and three other organisations to discuss the proposals on Tuesday (5 July).

The story of JGLS’ S. Korean student who wanted to take the Indian bar exam last year, hoping for Advocates Act reciprocity

A South Korean citizen who graduated from JGLS Sonepat last year is facing a dead end at the Bar Council of India (BCI), on her application to take the All India Bar Exam (AIBE). She took admission to JGLS relying on the reciprocity clause in the Advocates Act 1961.