Categories:India & Pakistan

India: open for business

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Readers' comments (7)

  • Opening up of Indian legal sector

    Your articles come in as a breath of fresh air as compared to the largely vitriolic outbursts of other interested parties.
    Its surprising that the people who are opposing the move do not credit the wisdom of the readers to figure out the real reasons for their opposition.
    With the Indian economy booming, too much monetary interest is at stake and it looks like the interested parties have successfully lobbied at all levels to ensure a delay in the opening up of the sector.
    Who stands to loose? The young Indian lawyers who will be deprived of opportunity to get the right training and Indian corporate sector who will have to end up paying foreign exchange to get legal services abroad for large and/ or international deals (since they will not perceive Indian lawyers to have the necessary skill sets or experience).

    In the long term it is most beneficial for the Indian economy to have world class Indian lawyers, sitting in India and giving competition to the foreign lawyers. This is possible only if India gets exposed to the international best practices.

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  • Foreign law firms in India

    Allowing foreign law firms to operate in India brings to mind a cartoon published in the Hindu during the wake of the Bhopal Tragedy. The cartoon depicted a bunch of American Lawyers as vultures hovering over the dead and dying in Bhopal. The $ sign was everywhere.
    If foreign law firms operate in India, frivolous law suits will be filed - too hot a coffee at Mcdonald's, mental retardation/cerebral palsy and any other unexpected life events - all a legal reason to be compensated. Foreign Law firms should not practice civilian law but definitely can deal with foreign affairs.

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  • Re: Frivolous law suits and foreign firms

    Dear Rita, regarding your comments, please be assured that no such thing can happen in India, even if the foreign firms were to set up shop in India. Our laws, unlike American laws, will not permit such frivolous law suits to be filed or to be successfully contested. Believe me, if our laws permitted this, we Indian lawyers would have perfected the art of frivolous law suits long back. In any event. Please do not fall prey to such propaganda which is aimed to solely let the Indian legal market be controlled by a few dynasties.

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  • Frivolous law suits in India

    Referring to Rita's comments and the cartoon published in THE HINDU, I can vouchsafe for the fact that when I practiced law in Bangalore almost 30 years ago, similar ' vultures' were existent, preying on road accident victims, minor traffic violators etc.

    Despite having 'frivolous and non-frivolous' suits, foreign law firms should be allowed into India, as they may concentrate more on corporate, commercial and IP work than on matters involving litigation. They will bring a lot more cross-border transactions and expertise.

    Probably the best way to move forward is to allow the foreign firms to provide legal services in all branches of law except litigation where ' hiring' a local (meaning Indian) lawyer should be made mandatory.

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  • Opportunities for Indian Lawyers

    Hello All,

    Perhaps I am writing a little too late on this topic, but nevertheless I felt compelled to share my views.

    I am taking a PG course in Law from the UK and I can assure you, no-one likes to hire Indian lawyers in the UK, and the predominant reason being that English firms are not allowed to practice in India. The same disadvantage befalls Indian qualified lawyers everywhere in the world.

    Having said that, I am of the strong opinion that the Indian lawyers need a larger exposure and expertise, especially in the commercial legal practice.
    The west, especially US and Europe are making tremendous advance in the field of commerce, and India is still trying to catch up. Their transactions are highly complex and specialised, and lawyers in India must get the feel of international legal practice, in order to become a global force to reckon with.

    I completely agree with Mr. Mandal above, and the only way to breed healthy and competitive legal services is to compete globally. India is poised to become a global super power and we must adopt appropriate approach towards our policies and conduct. Protectionism is not healthy, we are now in a world for the "survival of the fittest". Lets become 'fitter', shall we?

    Regards.

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  • Foreign lawyers---- Indian lawyers

    Dear All, Som mandal has been in practice for donkey years now... and the system is not new. Also... just because he has opened office in london does not mean the market should be opened up. Like all other sectors West wants to have the pie in the legal field. Also... its simple economics... nothing...
    if we feel we don't want to share we don't.... lets have that freedom ....

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  • Whom are you protecting?

    It is extremely ridiculous to see how thousands of lawyers working in an 'unorganised sector' i.e. legal profession in India are strongly protecting 5-6 individuals owning so-called law 'firms' in India and thereby axing their own careers.

    These owner individuals do not have any system, even for a namesake, in their 'firms'. In the name of support staff, they only have one long-serving loyal unqualified accountant to count their beans.

    Pl dont talk about HR system or even a team system or any meaningful organisational or decision-making structure or appraisal and people-development mechanisms.

    These things will definitely take away the monopolies of these 5-6 individuals. No surprise, then, that these individuals are saying that international law firms will emasculate the Indian 'firms' (read 'these individuals').

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