Articles tagged with: foreign law firms

BCI is drafting regulations on foreign law firm entry

After a meeting between the Bar Council of India (BCI) and the law ministry on the subject of the entry of foreign law firms.

'It will happen soon', says law ministry on liberalisation, but all depends on speed of bar councils

The bar councils are the only remaining speed bump in the government liberalising legal services, the law ministry secretary responsible for implementing the entry of foreign law firms said today.

Liberalisation: ABA talked to BCI, law minister but no hard progress, despite SILF now 'fully supportive' of foreign firm entry

An American Bar Association (ABA) source told Legally India that the ABA president Paulette Brown had met with the law minister yesterday and talked about liberalisation.

Sidleys trains more CM guns on Singapore with Jones Day's Bhargava, Kashyap as Prabhat Mehta moves to NYC

Jones Day Singapore capital markets partner and India head Manoj Bhargava and of counsel Ankit Kashyap will join top US firm Sidley in Singapore, only several months after Sidley’s capital markets partner in Singapore, Prabhat Mehta, moved to the firm’s New York office full time.

First foreign law firm enters Iran (before India): CMS sets up corp office in Tehran

CMS has become the first international firm to open an office in Iran, two weeks after sanctions against the country were lifted by the US

'Law School'-ite Richa Naujoks gets nod to Nixon Peabody NYC partnership

NLSIU Bangalore 2000 graduate Richa Naujoks was promoted to partnership at Nixon Peabody in New York City, according to a press release from the firm.

Blow for Jones Day's cap markets: India head Manoj Bhargava, Ankit Kashyap walk

Jones Day Singapore capital markets partner and India group head Manoj Bhargava and of counsel Ankit Kashyap have both resigned from the firm around a week ago.

Long-expected projects & parties (Newsletter Issue 127)

Our third email newsletter this year talks of the costs of doing business, the possibility of liberalisation, and a long-expected party…

Framing rules to allow foreign lawyers to set up India shops, Arun Jaitley tells UK counterpart

Finance Minister Arun Jaitley has expressed support for enabling foreign lawyers to establish a presence in India.

2003 NLSIU grad Karthik Kumar makes equity partner at Jones Day

Jones Day has promoted NLSIU Bangalore 2003 graduate Karthik Kumar to its partnership.

RBI confirms, somewhat superfluously: Won't permit foreign law firms to open liaison offices here

No “fresh permission or renewal of permission” shall be granted by the RBI to foreign law firms seeking to open a liaison office in India “till the policy is reviewed based on final disposal of the matter by the Supreme Court”, the _Reserve Bank of India (RBI) _said yesterday in a notification repor...

NY considers allowing foreign qualified fly-in-fly-out lawyers to practice temporarily

The New York judiciary is to decide whether to approve a proposal to allow foreign lawyers to advise in litigation and transactional matters on a short-term basis in the city, which is currently allowed by nine other US states, though those lawyers would only get a temporary licence and wouldn’t be ...

SCOI Report: Uncertainty ahead for foreign lawyers case in SC: Lawyers Collective make appearance with Datar, BCI

The Indian judiciary has been grappling with the question of whether to permit foreign lawyers to practice in India for more than two decades. After yesterday’s hearing in the Supreme Court, it doesn’t look like any end is in sight.

How SILF feels about liberalisation: Not happy but more or less ready for entry, wants Singapore model

On 25 August the Society of Indian Law Firms (Silf) hosted a meeting with journalists and Arun Jaitley, finance and information and broadcast minister.

NLS emigree Pallavi Gopinath Aney to become Bakers partner from Linklaters Singapore

Former Linklaters Singapore managing associate Pallavi Gopinath Aney is set to join Baker & McKenzie as a partner, an authoritative source has confirmed to Legally India.

Liberalisation proposal drudging on, India blames BCI in WTO

The proposal for phased liberalisation of Indian legal services has not crossed the Bar Council of India (BCI) hurdle, India told the World Trade Organisation (WTO), reported The Hindu Businessline . WTO’s periodic trade policy review of its member countries threw up questions posed by other members...

Mumbai’s Brus Chambers opens shop in New York, MP invites foreign firms to reciprocate

New York New York
New York New York
Brus Chambers, a Mumbai-based law firm has opened a subsidiary firm headquartered in New York.

Foreign law firms to enter via Reg 24 of FEMA, cabinet to examine in a month

The government is close to finalising its proposal to allow foreign legal firms to operate out of India via investment in partnership or proprietary concerns, reported the Express . The legal sector would be opened up gradually according to the report. An unnamed official said that “permission will ...

Shardul Amarchand inherits AMSS’ Lex Mundi global referral network, Cyril says bilateral relationships are better

Shardul Amarchand Mangaldas has continued its association with the international referral network Lex Mundi, according to a press release by the firm and the network.

Will the entry of foreign law firms benefit young lawyers? Rational realities, expectations and opportunities

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Liberalisation: Artist's impression (Image: Pieter Breugel's Schlaraffenland)
Liberalisation: Artist's impression (Image: Pieter Breugel's Schlaraffenland)
”)*Endless jobs? Sacks of money for all? Better working conditions for everyone? Young lawyer Dhruv Balai Paul ponders the implications of the possible entry of foreign law firms to India.