India has opened its legal market to foreign firms. What opportunities have arisen as a result, and what restrictions apply? In this week’s NLJ, Rupa Lakha, partner, and Neeva Desai, trainee solicitor, at Charles Russell Speechlys, take a look at the significant potential for both Indian and foreign law firms.
They explain the restrictions regarding contentious and non-contentious work, note that the bulk of legal work is non-contentious, and highlight other changes afoot in the Indian legal market such as lawtech.
They write that the interests of Indian lawyers are unlikely to be disadvantaged by the liberalisation of the market, and note there will be more to come. The authors say: ‘It has been widely acknowledged across the Indian and English legal communities, that this is just a first step in a larger roadmap to liberalisation.’
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