The Society of Indian Law Firms (SILF) has recommended to the government that foreign law firms be allowed into India in four phases, marking a reversal in position that could lead to the bar being lifted. However, the group is still opposed to the Big Four — Deloitte, PwC, EY and KPMG — offering legal services.
The entry of overseas law firms has long been staunchly opposed by their domestic counterparts, led by SILF.
If the government agrees, the Advocates Act will need to be amended. The government may get the ministries of commerce and law to work on a regulatory structure to allow multinational law firms in, said people in the know.