Is the entry of Foreign law firms Good or Bad??

There will be a healthy competition which will open more opportunity and expansion to the legal field and the lawyers and shall also provide a new path and height to the legal profession with better opportunities to the indian lawyers.

See guys, we are talking and living in panaorama of globalization, which requires thorough acquiantance of global judiciary system,

1. We are living in global panaroma, and if foreigh law firms are given chance to serve here in india, indian students will have access to international laws

2. In the state of globalization and MNC environment, this is necessory to have access to the internation law, which is possible easily when we have access to foreign law firms in india

3.  this always is not possible for almost every law student to go abroad and study out there,

China has long allowded foreign law firms to take on non litigation cases in its teritory but has restricted their litigation cases.

India is in the process of globalizing its economy. In the process, the legal market opening up to competition from the international legal market is rather inevitable. Instead of deliberating about the advantages and disadvantages of the legal markets being opened up to foreign firms, it is perhaps more sensible to accept that the entry of foreign firms in India is only a matter of time. However, this should not mean that their operations should nor be regulated, since otherwise they may just push out the Indian firms....

NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE

MOBILE. 09325226691,09271971251

e.mail.adv.nbsawant@yahoo.co.in

e.mail.nandkumarbs@sify.com

REGARDING THE ENTRY OF FOREIGN LAW FIRMS KINDLY NOTE THAT

1.INDIAN LEGAL SYSTEM IS ENTIRELY DIFFERENT FROM FOREIGN LEGAL SYSTEM .ACTS PASSED IN PARLIAMENT MUST BE STUDIED AND FOR PRACTICING AT INDIAN COURTS IT IS NOT THAT EASY.ONE SHOULD KNOW THE REGIONAL LANGUAGE AND HAS TO DEAL WITH LOCAL PEOPLE.HENCE EVEN IF FOREIGN LAW FIRMS ARE ENTERING THEN THEY HAVE TO TAKE HELP OF INDIAN LAWYERS .IT WILL GIVE BETTER OPPORTUNITY TO YOUNG PRACTICING LAWYERS.THE SENIOR LAWYERS ARE TOUGH ENOUGH TO FACE ANY COMPETITION.

KINDLY NOTE THAT LEGAL PROFESSION IS ENTIRELY DIFFERENT THAN OTHER BUSINESS AND PROFESSIONS WHERE THERE IS A THREAT FROM FOREIGN COMPANIES AND FIRMS. A MANUFACTURER HAS TO FACE COMPETITION FROM FOREIGN COMPANIES BUT IN CASE OF FOREIGN LAW FIRMS THEY HAVE TO WORK IN ASSOCIATION WITH LOCAL LAWYERS KINDLY NOTE.

WITH BEST REGARDS

NANDKUMAR B.SAWANT.M.COM.LL.B.(MUMBAI),ADVOCATE

Our economy is in a globalisation mode, and to globablise means free entry and exit of foreign companies into our country with the specified restrictions and guidelines whereby there persist healthy competition with in the market with all small and big domestic companies.

So why to restrict the foreign law firms into the country. As there are benefits of letting foreign firms enter our market with an Indian  partner they are :

1. The employment opportunities emerge in the field where by upcoming freshers and trained lawyers get a platform to find a long lasting career with the better earning prospects.

2. With the edge of the cultural mix of employees with in the company the employees can share each others experience and can gain form it in  their career.

3. With the international exposure the awareness about the international law with in the Indian lawyers improves where by in near future with the clause of " RECIPROCITY " when the Indian lawyer would be allowed to practice in foreign country he does'nt need time to update himself about the international law practices.

4. The performing lawyers may also get opportunity to work with the international counterparts where by they can get exposure.

There are no issues foreign firms entering India with the common backgrounds. there is need of such firms.. These firms are welcomes as they would hire a lot of people with very good salaries.. also streamline the legal system in long term..

NANDKUMAR B. SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE

MOBILE.09325226691, 09271971251

e.mail.adv.nbsawant@yahoo.co.in

e.mail.nandkumarbs@sify.com

REGARDING THE ENTRY OF FOREIGN LAW FIRMS KINDLY NOTE THAT

1.FOREIGN LAW FIRMS WILL REQUIRE ADDITIONAL SERVICES OF INDIAN LAWYERS.AND IT WILL CREATE MORE OPPORTUNITY TO YOUNG AND ALSO TO SENIOR LAWYERS.KINDLY NOTE THAT INDIAN LEGAL SYSTEM IS ENTIRELY DIFFERENT THAN FOREIGN LEGAL SYSTEM.UNLESS LOCAL INDIAN LAWYERS ARE ENGAGED BY FOREIGN LAW FIRMS THEY CAN NOT PROVIDE ANY LEGAL SERVICES.THE LAWYERS SHOULD STUDY THE INDIAN LAW AND ACTS PASSED.FOREIGNERS IT IS NOT POSSIBLE.HENCE NO NEED TO CARE ABOUT ENTRY OF FOREIGN LAW FIRMS.

2.INDIAN LAWYERS SHOULD UPDATE THE LEGAL KNOWLEDGE AND BE CONFIDENT.THIS IS A PROFESSION AND NOT A TRANSACTION FOR ANY SALE OF GOODS MANUFACTURED ABROAD IN THE INDIAN MARKET.

WITH BEST REGARDS

THANKING YOU

YOURS SINCERELY

NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE

NANDKUMAR B. SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE

MOBILE.09325226691, 09271971251

e.mail.adv.nbsawant@yahoo.co.in

e.mail.nandkumarbs@sify.com

REGARDING THE ENTRY OF FOREIGN LAW FIRMS KINDLY NOTE THAT

1.FOREIGN LAW FIRMS WILL REQUIRE ADDITIONAL SERVICES OF INDIAN LAWYERS.AND IT WILL CREATE MORE OPPORTUNITY TO YOUNG AND ALSO TO SENIOR LAWYERS.KINDLY NOTE THAT INDIAN LEGAL SYSTEM IS ENTIRELY DIFFERENT THAN FOREIGN LEGAL SYSTEM.UNLESS LOCAL INDIAN LAWYERS ARE ENGAGED BY FOREIGN LAW FIRMS THEY CAN NOT PROVIDE ANY LEGAL SERVICES.THE LAWYERS SHOULD STUDY THE INDIAN LAW AND ACTS PASSED.FOREIGNERS IT IS NOT POSSIBLE.HENCE NO NEED TO CARE ABOUT ENTRY OF FOREIGN LAW FIRMS.

2.INDIAN LAWYERS SHOULD UPDATE THE LEGAL KNOWLEDGE AND BE CONFIDENT.THIS IS A PROFESSION AND NOT A TRANSACTION FOR ANY SALE OF GOODS MANUFACTURED ABROAD IN THE INDIAN MARKET.

WITH BEST REGARDS

THANKING YOU

YOURS SINCERELY

NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE

If we can let all the MNCs enter in our country in the name of globalisation then whu not foreign law firms.And competition is always good as it keeps the competitors on their toes to outdo each other.

well in this present scenario...... why oppose them? I would rather say that let them establish here but the foreign lawyers will have to clear our exams and only then will they be allowed to practice here Or more so only allow the firms to be here and the lawyers shall be none but us. That will bring in good moolha for the lawyers who are as yet young and also a good scope and money and knowledge base for the senior counsels as they can also make more. I think change should be accepted and consider them for good.

It will set transparency and competition but why to worry, how many days court works!!!, every body will earn. Cheers. 

It is perhaps good,though we are not oblivous of the fact that in the long run it may cause a monopoly in the legal market.However,it shall be a healthy competition and an individual can weigh himself to international standards and ascertain as to where he stands and in particular it shall help the Indian mechanism/judiciary to understand as how much the law has developed since Independence as our parent Act  is wholly based on international guidelines and theories

true but they should be curtailed else they will payu low fee and no security for the jobs also. we can take work just like LPOs and we should give them rights or spl prevailages when they were incorporated in the country

We have opened so many things to the world and still opening up then why oppose entry of Foreign law firms.This will have healthy competion in India.It will generate more employment to new lawyers.It will ultimately help everybody connected to this profession

It's not a particular Foreign Law Firm, rather, it is a unilateral law to be passed by the Indian Parliament to allow foreign lawyers to practice in India, with certain condition, to restrict lawyers from particular country to practice in India. To my opinion if the Indian Govt. is desirous to allow foreign lawyer to practice or start their firm here in India, it should be done with each country separately, like a internation treaty. Before executing any deal India should ask the country with whom it's executing the treaty to afford equal rights to Indian lawyers/firm in their country, so that Indian lawyer/firms will have equal business opportunity in that country. Under such circumstances, I don't think it's a bad deal.

We are in the era of free competition. Any accredition should be absolutely based upon merit of an Individual as well as organisation. We should keep in our mind that we have limited options and there are some (also called as monopolist) ruling the Industry.

Entry of foreign law practitioners will surely force competition in the Industry. Customers will have more options to put ahead their complaints. The level of domestic law practitioners will raise.  

In my opinion we should not oppose entry of foreign law firms. In fact foreign law firms will bring professionalism and experience in India. If you join a law firm as an associate or senior associate tell me one law firm in India where you will be provided with the criteria for becoming a partner. Yoru growth iwill not be dependent on you performance only. Most of the law firms in India are family driven and you do not have an opportunity to become a Partner or Managing Partner one day. In case of big size foreign law firms everything is documented and if you achieve certain billing targets you can reach to next level i.e. from Associate to Senior Associate and then Partner and even Managing Partner. I have no doubt on capabilities of Indian Lawyers rather when they will be provided better opportunities and better infrastructure they will do extremely well. I don't see any problem if these experienced law firms set up their offices in India and give opportunities to Indian lawyers.   

Many of our young and buddging lawyers especially those who are keen on practising corporate laws get few chances to work in a Law Firm, the reason being reputed Law Firms are few.  With the entry of internationally reputed law firms, our youngesters will certainly get an opportunities to work in an ambiance international standard and can improve/groom their skills to equip with the latest trend in the industry globally.  Even if foreign law firms are allowed in India, the Government may not permit them to appear in the Courts as such their role is reduced to Legal Consultants and as such no threat is directly pointed at the Advocates practising at the traditional Courts.     Certainly it will give a healthy competition to our young and skilled lawyers who  will have an edge over their peers practising at traditional Courts. 

I personally support entry of Foreign Law Firms but with certain restrictions which can give us a healthy and competitive atmosphere in the legal arena.