Fri, 24 May 2013
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Indian govt says ‘yes’ to foreign law firms
Collaboration with foreign law firms
Some volcanic changes are required in the Indian legal market. The current culture in India towards sole practitioners and local firms must be replaced by an internationalised law firm culture and firm-to-firm collaboration.
In Indian law the larger firms do have a monopoly, which is a downfall in an increasingly globalised era. Times are changing and the system must be changed in order improve the public’s faith in the legal system.
There is nothing wrong with inviting collaboration through a tie up with a foreign law firm, as this will likely sharpen the standard of Indian law as well as the standard of living of local legal professionals. The country will also benefit from an improved justice system and revenue by way of taxes.
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