Articles tagged with: liberalisation

Gov’t may have lost political window to push through economic (and legal market) liberalisation

A thinktank said that any plans for economic reforms may have lost momentum as the Congress-led government is preparing for the state elections, lacks consensus and would struggle forcing through legislation, reported the Economic Times . Legal market liberalisation was not expressly mentioned in th...

BCI's marathon meeting: Ethics rules, oath by this year; Foreign law firms, LLP to be raised in Oct

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Gopal-Subranium-Solicitor-General-BCI-chairman
Gopal-Subranium-Solicitor-General-BCI-chairman
he Bar Council of India’s (BCI) ambitious weekend meeting decided to introduce draft lawyers’ ethics guidelines in two days and how to begin decreasing the number of law colleges in India. But due to time constraints the body had to postpone its decision on the entry of foreign law firms in respect of the Chennai writ petition, as well as Trilegal’s queries about converting to a limited liability partnership (LLP).

Manu Singhvi weighs in for foreign firms: BCI meeting will determine fate of Chennai writ petition

do-not-enter-sign
do-not-enter-sign
Senior advocate and parliamentarian Abhishek Manu Singhvi appeared for the Dua Associates-led group of US firms in the Chennai writ petition against 31 foreign law firms today, asking the court to adjourn until after the Bar Council of India (BCI) would take a decisive stance this weekend.

Writ petition v foreign firms unlikely to hit SC as raft of US, UK, Oz firms grab Dua, Kachwaha and counsel

dead-end-sign_by_Andrew-Mason
dead-end-sign_by_Andrew-Mason
The government appears to have scrapped plans to move the Chennai writ petition against 31 foreign law firms to the Supreme Court, as law firms Dua Associates and Kachwaha & Partners alongside a raft of senior counsel appeared for nine US firms, Slaughter and May, the LPO Integreon, and two Australian firms.

The petitioner’s plea for an injunction against the foreign firms was stayed for two weeks until the government and foreign firms could formulate responses.

Clifford Chance to have India office by 2012, vows Popham

Clifford-Chance-Stuart_Popham
Clifford-Chance-Stuart_Popham
Clifford Chance expects to have an office in India by late 2012 said the firm’s senior partner Stuart Popham, vowing to keep pushing the liberalisation agenda in India despite a lack of “overnight” results during his visit as part of the UK prime minister’s delegation.

Clifford Chance's Popham heads UK govt India mission for lawyers and 'market access negotiations'

Clifford-Chance-Stuart_Popham
Clifford-Chance-Stuart_Popham
Clifford Chance senior partner Stuart Popham is the law firm representative on British prime minister David Cameron’s India delegation this week, representing the UK legal and financial professional services community as head of a new trade body.

Poor foreigners / Issue 58

Legally India newsletter
Legally India newsletter
It appears there is just no winning in India for foreign law firms.

As though the opposition to them practising law here is not enough, the Indian Revenue Services (IRS) too are making their life hard.

Madras writ petition v foreign firms will be moved to Supreme Court for \"final decision\", says Moily

Law Minister Veerappa Moily
Law Minister Veerappa Moily
The Indian government will attempt to move the Chennai writ petition against 31 foreign firms to the Supreme Court in order to take a “broader perspective” and make a “final decision” on the entry of foreign law firms said law minister Veerappa Moily, according to newspaper reports.

Chennai writ petition v foreign firms will have little impact, say corporate lawyers

dead-end-sign_by_Andrew-Mason
dead-end-sign_by_Andrew-Mason
As the Madras High Court decided on Wednesday (7 July) to serve 31 foreign law firms with the petition that seeks to prevent them from operating in India, respondent firms and local corporate lawyers have expressed confidence that firms’ India businesses would remain largely unaffected.

Foreign law firms served in Chennai writ petition as law min and BCI to 'frame guidelines'

envelope-anique-by-pareerica
envelope-anique-by-pareerica
The 31 international law firms and one legal process outsourcing (LPO) company will now be served with notices to defend the Chennai writ petition that aims to prevent foreign firms practising any law in India.

Today, as the petitioner pressed for an injunction against the foreign firms, the government respondents’ counsels asked for time to file responses while the law ministry and Bar Council of India would “frame guidelines” on the issue.

Minds open to 'big ideas'; Law min Moily softens stance on foreign law firms?

Law-Minister-Veerappa-Moily_thumb
Law-Minister-Veerappa-Moily_thumb
The Union law minister Veerapa Moily has publicly said for the first time that the entry of foreign law firms was more of a “transitional problem” rather than “perennial” and that minds should not be shut to “big ideas”, while reasserting the need for “proper capacity building”.

Chennai writ petition: Court holidays over, Gov't respondents to file replies in 4 weeks

do-not-enter-sign
do-not-enter-sign
All government respondents have now formally filed their representations through senior counsels in the Chennai writ petition case against foreign law firms when the matter was listed for hearing on 9 June after the end of one month of Madras High Court vacations on 7 June.

Singapore: Lessons of legal liberalisation and law firm JVs for India Law Inc

singapore_skyline-HDR-byChristopher_Chan
singapore_skyline-HDR-byChristopher_Chan
The entry of foreign law firms into Singapore has been a long and rocky road, littered with failed experiments and moderate successes. So what can India learn from Singapore’s incremental legal market liberalisation, Legally India asked Indiana University law professor and Asia law firm expert Jayanth Krishnan.

Legal opinion: Ashurst, Balaji and other writ petitions: Are LPOs safe?

SDD Global Sanjay Bhatia
SDD Global Sanjay Bhatia
Legal process outsourcing (LPO) companies have come under the spotlight after the the recent Balaji Chennai High Court writ petition and the Bombay High Court’s decision in the Lawyers Collective v. Ashurst case. The cases have created significant uncertainty, argues SDD Global’s Sanjay Bhatia, although for the most part it has been a false alarm for LPOs.

Madras HC holidays, SC appointments push back Balaji case v foreign firms

clock-fireman_by-roby-ferrari
clock-fireman_by-roby-ferrari
The first hearing in the Chennai writ petition against 31 foreign law firms has run into the Madras High Court holidays and will not be heard for at least another month, although several other interested parties have now also pledged to file affidavits in support of the petition.

Semi-global / Issue 45

Legally India newsletter
Legally India newsletter
Few things showcase the globalisation of India’s legal industry more than this week’s volcano eruption in Iceland, which kept at least three Indian managing partners best known by their first names out of India and stuck in New York.

BCI chair Gopal Subramaniam interview (part 2): Foreign firms only once Indian lawyers 'reclaim business'

SG-Gopal-Subramanium_KIIT-crop
SG-Gopal-Subramanium_KIIT-crop
The Bar Council of India (BCI) has been pivotal in the debate on the entry of foreign law firms. The Solicitor general and newly elected BCI chairman Gopal Subramaniam tells Legally India about what has to happen before foreign lawyers can practice here.

A new writ filed against entry of foreign law firms in Madras HC

do-not-enter-sign
do-not-enter-sign
A Tamil Nadu advocate has reportedly filed a writ petition against 30 foreign law firms and legal process outsourcing (LPO) company Integreon for “illegally practising” law in violation of the Advocates Act 1961, according to unconfirmed media reports, although no notices have been served on the respondents yet.

Ashurst shuts down Indian office; Not unhappy

closed-sign_by_renaissancechambara
closed-sign_by_renaissancechambara
Ashurst has decided to close its Delhi liaison office following the outcome of the Lawyers Collective case. However, the office closure was already on the cards two months before the judgment, according to the firm.

Where is the love? / Issue 34

Legally India newsletter
Legally India newsletter
This week J Sagar Associates (JSA) partner Nishith Dhruva left the firm to set up his own practice. And on good terms too, throwing a party last Friday where most of the firm and partners put on their dancing shoes.

Now that is what is called “amicable”.