You just cannot stop the entry of foreign law firms

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: that includes Indian firms as well, to open offices. Even an individual Indian lawyer can open an office and practice Indian law in many countries. In countries like the US, UK, Singapore and Dubai, Indian law firms or individual Indian lawyers can set up offices without any problem and some Indian law firms have already done so.

I strongly believe that entry of foreign firms in India would not only be good for the image of the country but will usher in a fresh breath of life to our profession. This would also benefit a whole lot of Indian companies which are now investing in several countries worldwide. If the foreign law firm is present in India, they can guide the Indian companies better and quicker, in relation to their investments outside India.

Going forward, it is recommended we do the following:

A. The law ministry, the Attorney General's office, the BCI and some leading Indian law firms and lawyers ought to form a committee and set up the rules for foreign lawyers practicing in India.

B. The guidelines for advertising in law directories, maintaining websites, publishing of firms brochure, etc, ought to be streamlined

C. The law prescribing a limit of 20 partners should be reviewed and the concept of limited liability partnership adopted.

D. Professional negligence insurance should be made compulsory for all lawyers.