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India The impact of the new world order on the international legal services market

London, May 29, 2012 IBA Leadership Summit. India The impact of the new world order on the international legal services market. Ravi NATH Partner, RNC legal, India T: + 91 11 4122 5000 F: + 91 11 4122 5001 C: + 91 98110 27193 E: ravi.nath@rnclegal.com www.rnclegal.com.

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India The impact of the new world order on the international legal services market

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  1. London, May 29, 2012 IBA Leadership Summit India The impact of the new world order on the international legal services market Ravi NATH Partner, RNClegal, India T: + 91 11 4122 5000 F: + 91 11 4122 5001 C: + 91 98110 27193 E: ravi.nath@rnclegal.com www.rnclegal.com

  2. Indian Legal Market; Overview of; States/Union Territories/Bar Councils Foreign law firms in India – Indian regulations, GATS Indian Courts’ views Economic crisis – impact; more work relating to repossessions, defaults in payment obligations, dispute arising out of JV, etc. RAVI.NATH@ RNCLEGAL.COM

  3. International law firms; Impact of Indian market on; • India’s annual growth – 7-9%, Avg. age: 26, 50% below 25, 65% below 35 • Economic growth of India – increased cross border deals, Inward/outward investments - increased business opportunities for foreign law firms • Present modus operandi: friendly relationship/tie-ups and associate offices in India/referrals/recruiting from Indian law firms/ law schools (eg., Allen & Overy, Linklaters) RAVI.NATH@ RNCLEGAL.COM

  4. Foreign law practices; strategy and issues involved in; • Access of Indian legal market to foreign law firms- when? • Permitted areas of practice • Requirements: experience/qualification/ residency • Relationship with local Firms/Lawyers/ Bar Association • Professional conduct • Disciplinary action • Cultural issue: not such a stumbling block (unlike perhaps Japan/China); English speaking population; Increased number of foreign educated/trained Indian lawyers • Increased women at work place- but gender related issues RAVI.NATH@ RNCLEGAL.COM

  5. Thank you Ravi NATH RNClegal / Rajinder Narain & Co. International Commercial & Corporate Lawyers T: + 91 11 4122 5000 C: + 91 98110 27193 E: ravi.nath@rnclegal.com www.rnclegal.com

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