Legally India newsletterDiwali is usually a quieter time in India, as lawyers spend time at home with their families basking in the warm glow of candles and rainbow fairy lights.
Not so for the Veerappa Moily, apparently, whose ministry unveiled an ambitious proposal that could signal the end of an era of Bar Council of India (BCI) dominance (or irrelevance as some might say).
Hastened by the impending Diwali court holidays and the 31 October deadline to apply for the bar exam, the petitions against the exam in the Supreme Court momentarily picked up speed this week.
The sole proprietorship law firm model has certain advantages. Depending on the proprietor such firms may have stronger strategic direction and decisions can be made quickly, for example.
All is calm and kites flew high over the Colaba slums this evening. In the absence of riots and overt discontent on either side, it is fair to say that the Allahabad High Court ruling in the Ayodyah case yesterday was diplomatically just, in deciding to partition the site of the demolished Babri mosque and the (now legal) birthplace of the god-king Ram into three parts.
Legally India newsletterIndian lawyers planning to qualify as English solicitors were thrown into temporary tizzy this week, as the new Qualified Lawyers Transfer Scheme (QLTS) came into effect. Under the new rules Indian lawyers will not be allowed to apply to practise in the UK, as India is not included in the list of jurisdictions to benefit from the QLTS.
Legally India newsletterFew were surprised when the Bar Council of India (BCI) had too much to do and too little time last weekend, and worked its way through only a few points on its long list.
Legally India newsletterIs India a success story because or in spite of democracy? Compared to China, for example, hundreds if not thousands of different vested interests have made Indian reform painfully slow, if not impossible.
But in the legal sector someone is clearly trying to force a leapfrog.
Legally India newsletterThe beginning of the week got off to a slow start as opposition parties called a national strike (Bharat bandh) to protest the fuel price hike. In Bangalore, Mumbai and Kolkata many streets were deserted.
By contrast Tamil Nadu, which was largely unaffected by the bandh, was comparatively active.
Legally India newsletterFor a firm that first made its name as a capital markets boutique, the fact that that S&R Associates did not have an office in India’s financial capital was always glaring.
Legally India newsletterThe current law minister has talked often about cutting the backlog of cases in India, perhaps more consistently than many before him.
Legally India newsletterThe Monsoon has been welcome where it has hit but the real floodgates apparently opened this week with the publication of the Gazette of India, which contained the notification of the Bar Council of India’s (BCI) resolution to hold an all-India bar exam.
The figures at the top are good and if salaries keep growing at current rates how much would foreign firms realistically be able to exceed these by if they were to set up shop in India?