📺 Stream EntrepreneurTV for Free 📺

Foreign Lawyers And Law Firms Can Now Practice In India: BCI According to reports, this is the first time that foreign law firms and lawyers have been permitted registration under the Advocates Act, 1961, which until now was confined exclusively to Indian citizens

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

The Bar Council of India (BCI) new rules issued on Wednesday said that foreign lawyers and law firms can also advise on international arbitration cases on a reciprocal basis, meaning lawyers from those countries which allow similar opportunities to Indian lawyers can practice, according to a Reuters report.

"Foreign lawyers, however, will only be allowed to advise on foreign or international laws and not be permitted to appear before any Indian courts and tribunals. They can practice "corporate work such as joint ventures, mergers and acquisitions, intellectual property matters on a reciprocal basis. Opening up of law practice would go a long way in helping the legal profession/domain grow in India," stated the BCI in a statement issued as per the report.

For the same, the foreign law firms and lawyers will have to register themselves with the bar council under the BCI Rules for Registration and Regulation of Foreign Lawyers and Foreign Law Firms in India, 2022, notified on March 10. According to reports, this is the first time that foreign law firms and lawyers have been permitted registration under the Advocates Act, 1961, which until now was confined exclusively to Indian citizens.

Furthermore, the registration shall be permitted by the BCI based on the principle of reciprocity, i.e., a similar facility should be in vogue for Indian lawyers/law firms in the country where the foreign law firm is primarily registered with. "Once registered in India, the foreign law firm/lawyer must renew the registration after five years. The cost of registration has been fixed at $25,000 for lawyers and $50,000 for law firms while renewal will incur costs of $10,000 and $20,000, respectively under the two heads, the notification read.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

Science & Technology

Service as a Strategy — How to Build a Sustainable, Future-Ready Tech Business

The benefits of transitioning from traditional SaaS models to service-based models — and how to do it successfully.

Business News

Samsung's New Ad Pokes Fun at Apple's Controversial 'Crush' Ad

Creative universes overlap in a new ad from Samsung.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.