Why should India open up the legal market for foreign firms?
India has the second largest number of lawyers after only the US. There has been mounting pressure on the Indian government from other governments, particularly of the UK, for opening up professional services in India, including legal services, Lalit Bhasin writes on Mint.com, an online service by the Wall Street Journal.
"It is absurd to suggest that our legal profession does not have the expertise or experience to handle complex international transactions. Indian law firms have the requisite skill and technology to deal with high-profile work of any nature."
"This is essentially a demand from law firms in the UK as they are witnessing negative growth", Bhasin concludes.
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