Lalit Bhasin in Mint argues for foreign law firms to be allowed to do business in India. India has the second largest pool of legal talent after US. The Indian legal services market is expanding and lawyers are donning various hats. Law firms here have collaborated with US law firms in giving legal advise to indian arms of several MNCs. As of now the foreign law firms cannot practice in India, but many of them, through liasons, do a backdoor entry. Perhaps it will be wise for India to open up to them and see the legal sector move to a new trajectory as did telecom and insurance.
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