The recent decision by the Bar Council of India (BCI) to liberalize the legal market has left many legal professionals seeking further clarification on key issues. Implemented on May 15, 2025, the updated rules are intended to open up market access, yet local and international law firms have expressed concerns over the absence of clear guidelines concerning taxation, corporate structures, and reciprocal arrangements. Additionally, there is criticism regarding the inadequacy of protective measures for Indian lawyers and law firms under these new regulations.
For more detailed information, the full article can be accessed here.