Bar Council of India - Committee on entry of foreign LAW FIRMS
THE Madras High Court was informed yesterday that the Bar Council of India has constituted a committee to go into the issue of permitting foreign law firms to practice in India and the consequent amendment to the Advocates Act. The Madras High Court is dealing with a Public Interest Litigation (PIL) filed by a practicing advocate in the High Court. The PIL has alleged that foreign law firms are undertaking corporate work as well as arbitrations in India and the professional fees get forwarded to their head offices situated abroad, resulting in loss of foreign exchange for the country.
Why should Indian lawyers be afraid of competition from foreign lawyers, if they are really competent? Like our software companies why can't Indian Law firms invade the world instead of trying to prevent foreign law firms coming to India. Maybe journalists and lawyers in India need a lot of protection!