Friday, July 13, 2012

Lawyers bar Consultants

The society of Indian Law Firms (SILF) decided to ask all management and accounting firms to
stop providing legal advice to their clients, after a recent Supreme Court order that observed that
the expression "to practise the profession of law" under the Advocates Act, 1961 covers both
litigation as well as non-litigation matters, and must be handled only by advocates. This could
translate into the auditing firms losing a substantial amount of revenues and clients. According to
SILF, the foreign law firms have for long been offering advice on non-litigation matters to their
clients. In a recent meeting, the society also decided to take up the issue with the Institute of
Chartered Accountants of India and the ministry of corporate affairs.


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