India Considers Opening Its Doors to Foreign Law Firms, Again
Since 1995, international law firms have been banned from practicing law in India. Though some global firms have tried to establish a presence in India's booming legal market by creating partnerships with domestic firms, the official ban remains in effect. But perhaps things are starting to change.
Foreign lawyers and corporate voices in India have long argued for liberalization of the country's legal market, only to be put off by domestic opposition from local lawyers. But Bloomberg reports that India's Minister of Law and Justice, H.R. Bhardwaj, is calling on India's government to stop opposing the entry of overseas firms that might create "thousands" of legal jobs. India's government has also circulated draft regulations on foreign law firms as a step towards opening up the market. In spite of the global economic downturn, India remains an attractive market for many U.S. law firms.
Posted by Carolyn Elefant on January 23, 2009 at 12:09 PM | Permalink
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