4Ps Release :- The ‘L’ factor

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India must exploit this US tie-up
With new avenues in Indo-US legal services opening up, the good news for legal practitioners in India is that they would now have the option to rake in more moolah working for multinational legal firms. Thanks to the recent decision taken by the Deputy US Trade Representative Karan Bhatia and Indian Commerce Secretary Gopal Pillai; the Bilateral Working Group on Legal Services comprising prominent legal professionals, representatives of US and Indian law firms, the American Bar Association and the Bar Council of India will be constituted in 2007.

With economic and military relations between the two nations registering robust trends, it is imperative to enhance synergies in the legal field to ensure smooth bilateral commerce, because “Legal services are integral to today’s complex, global economy,” says Karan Bhatia. “The lawyers from either country are not permitted to practice in the other, the latest initiative will help in ironing out the legal wrangles for co-operation,” thumps Supreme Court advocate Mala Narain.

The Working Group will be looking at promotion of Legal Process Outsourcing (LPO) sector. Currently, Indian LPO holds only 4% share in the international LPO sector, the major player of which is undoubtedly the US. One of the reasons for co-operation is that a majority of Indian legal professionals are not really in tune with global legal practices demanded by MNCs.

This welcome development will not only help the lawyers to attain better international standards, but also provide better services to common man in India and help introduce a semblance of order in the Indian courtrooms afflicted with inordinate delays and dirt. Ahem, at least that’s what we hope!

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Source : IIPM Editorial, 2007

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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