law firmsWe’re probably the most experienced international companies for India-associated cross-border legal services. The U.K. had an identical rule barring nonlawyer ownership, but beneath reforms applied by the Legal Companies Act of 2007 legislation firms have been in a position to tackle a limited number of non-lawyer partners and legal professionals have been allowed to enter into a wide variety of business relationships with non-legal professionals and non-lawyer owned companies.

In addition, a company is now prohibited from concurrently holding two licences from Bank Indonesia for two completely different categories of enterprise—for example: issuer licence (front-finish) and a switching operator licence (again-finish).

Kim Huat Chia, regional head, company and transactional apply at Rajah & Tann in Singapore, says it’s essential have superb connections in Indonesia, other than being an accomplished lawyer … provide practical authorized advice, and assist to expedite closing of transactions”, when describing Chandra Martha Hamzah, partner of Assegaf Hamzah & Companions.

However surprising moves like Mr. Clement’s hiring are becoming a brand new regular for legislation firm viability as companies poach illustrious legal professionals in a quest to lift their profiles, and income, according to those that examine the legal business.

The latter (typically called freemium providers) is … Read More