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Foreign Law Firms can now enter India. Expect a Big 4-like disruption?

India’s $45.2 billion legal market has been closed to foreign law firms for decades. But, for the first time in history, foreign lawyers and law firms will be allowed to practise in India, as per the decision of the Bar Council of India on May 14, 2025.

The Finance Story by The Finance Story
Published date: 28th September, 2025
Last edited date: 17th January, 2026
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What is happening?
For years, Foreign law firms could only fly in and fly out for short-term advisory work…But it could not set up offices or hire locally!

But this changed on May 14, 2025, when the Bar Council of India (BCI) announced a landmark decision: foreign lawyers and law firms will finally be allowed to practise in India.

A first draft of these rules came out in 2023, but got stalled after objections from Indian firms.

This time? The Council went full steam ahead.

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How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

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