Mint exclusive: The Bar Council of Delhi chairman Rakesh Tiku sent a letter to law firms such as Khaitan & Co in Delhi, which have converted into a limited liability partnerships (LLPs), warning them that this could be professional misconduct.

Delhi bar council member and Luthra & Luthra partner Vijay Sondhi responded with a letter of his own, slamming Tiku’s warning as illegal, and one Delhi law firm mothballed its LLP firm to avoid the controversy.

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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).

Will limited liability partnerships (LLPs) actually work, asks Indian Corporate Law Blog, notwithstanding the recent tax changes . Lead blawger V Umakanth uncovered an interesting academic paper analysising what the Limited Liability Partnership Act could actually mean in practice for lawyers. One p...