The Indian National Bar Association (INBA) recently organised the ‘Bar Leadership Summit on Reforms in the Indian Legal Sector’ in New Delhi collaboration with the Department of Commerce, Ministry of Commerce and Industry and the Centre for Trade and Investment Law (CTIL), Indian Institute of Foreign Trade.
The Summit explored issues and concerns surrounding the liberalisation of the Indian legal services sector. Addressing the gathering on the occasion through video conferencing, Commerce Minister Suresh Prabhu emphasised on the growing importance of Alternative Dispute Resolution (ADR) and encouraged the legal community to increasingly make use of this mechanism for enhancing the ease of doing business.
Following are the three major focus areas that emerged during the summit:
• The conduct of arbitration in India
• The reforms in the Indian legal regulatory sector
• The liberalization of Indian legal services
The summit witnessed discussions on reforms in the legal sector, expansion of legal market, importance of the legal services sector and need to introduce major challenges in the curriculum in law schools in India to enable young Indian lawyers to become ‘global Indian lawyers’ and avail opportunities in the rising global corporate sector.
The discussions ended with a presentation on the myths and realities surrounding the debate on liberalisation of legal services. The Summit on the whole agreed on the need to reform the legal sector to align itself with the new global realities in the profession.