This is an overview on setting up of foreign law firms in India.
But the recent Judgement dated 16th of Dec, 2009 by Bombay High Court prohibits practice of litigious or non litigious (W.P.NO.1526 OF 1995 ) activities by Foreign Law Firms. It is mandatory to comply with the Advocates Act by foreign Law Firms. RBI has no power to issue liaison office license to foreign law firms.
Now it is left to the Government of India to take appropriate steps to liberalize legal industry in the country.