Law Firms

Under the amended section 30, there will be advisory for first-time offenders and censure for subsequent offences, and thereafter, leading to penalties, if any

BCI amends 2022 rules to allow foreign lawyers and firms to practise foreign law in India on reciprocity, with provisions for Indian lawyers to register abroad

President Donald Trump's executive orders targeting the legal community pose a grave threat to our system of constitutional governance and to the rule of law itself, according to a court filing submitted Friday by more than 500 law firms. The brief represents the most organized pushback to date against a series of White House executive orders that have sought to punish some of the country's most elite firms and to extract concessions from them. Some of the targeted firms have sued to halt enforcement of the orders, while others have struck deals with the White House either to avert an order or to have it rescinded. The filing was submitted as part of a lawsuit filed by Perkins Coie, which is among the firms that have challenged the orders in court. The order against that firm and others demands that security clearances of its lawyers be suspended, that federal contracts be terminated and that employee access to federal buildings be restricted. The firm won a court order temporarily

A prominent international law firm has reached a deal with President Donald Trump to provide at least USD 100 million in free legal services and to review its hiring practices, averting a punishing executive order like the ones directed at nearly a half-dozen other major legal institutions in recent weeks. The deal with Skadden, Arps, Slate, Meagher and Flom was announced just hours after two other law firms sued in federal court over executive orders meant to sanction them over their association with attorneys who have previously investigated Trump. Those firms, Jenner and Block and WilmerHale, say in their lawsuits that the orders amount to an unprecedented assault on the legal system and represent an unconstitutional form of presidential retaliation. In a message to the firm, Skadden Arps' managing partner, Jeremy London, said the firm had learned in recent days that the Trump administration intended to issue an executive order targeting it over its pro bono legal work and its ..

The $150 billion of deals involving Gulf firms in 2024 marks a 62 per cent increase from the same period last year, according to data compiled by Bloomberg

Following the latest hiring, CAM will have a nearly 130-strong capital markets team, one of the largest in the industry

As far as the use of technology in the arbitration and mediation system is concerned, he said they have consciously incorporated the use of online mediation

Uncertainties and ambiguity surrounding the regulatory landscape despite a year passing since the Bar Council of India's notification is making the foreign law firms anxious

Antisemitic incidents have soared since the war began, and the conflict has bitterly divided dozens of campuses, including Harvard University, Stanford University and the University of Pennsylvania

Economic Laws Practice defended the founders of Zee Entertainment in a case against the regulator in the securities appellate tribunal

Confusion persists on the reciprocity framework, the restriction to advise only "foreign" clients in India, and the bar on "fly-in, fly-out" if the law firm has a local office, among other issues

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Worried about star performers being poached

Be it advising the government or tackling bankruptcy cases, they are handling roles traditionally handled by CAs

Bar Council of India also said that the new rules will help India become a global hub of international commercial arbitration

The Indian legal industry is in a state similar to the Indian manufacturing industry prior to 1991. The BCI has now started the process of liberalisation

Reversing a decades-long stance, the Bar Council of India this week permitted firms from certain countries to register in India, open offices and advise local clients on international law

BCI said that the entry of foreign firms will be restricted, well-controlled and regulated to ensure that it is mutually beneficial to Indian as well as foreign lawyers

The MCA secretary is also expected to nominate certain members to take part in the committee discussions including technology experts

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws