Mr Quinn your visit to India coincides with the Bar Council of India’s recently framed rules that allow foreign firms and foreign lawyers to set up shop in India. This seems like a nice surprise.
It was a nice surprise. It certainly gave us a lot to talk about when we got here because the whole legal profession is buzzing about this development.
What do you make of this development? Do you see it raising the level of service? Those opposing it say that there’s no level playing field. What in your view would be the impact of this change and what’s in it for Indian law firms and Indian lawyers?
I think it has the potential to be very positive. It’s not that foreign firms are coming here and will take business or will dominate the market. There’s a lot for the foreign firms to learn about doing business or practising law in this region. When Japan first opened up its legal industry, there was a huge hue and cry among the large Japanese law firms that it would decimate their business and the foreign firms would take over. But that has not happened. The market in Tokyo is still dominated by the same Japanese firms and some other Japanese firms have emerged too.
So I don’t think this necessarily means a loss of market share for Indian firms. There will be a cross pollination and sharing of best practices which could potentially raise the level of practice for everyone and make this a more hospitable environment for investment in general. So I think this (the rule allowing foreign firms to practice in India) has the potential of being very positive.
هذه القصة مأخوذة من طبعة 22 April 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 22 April 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
