The UK and the United States have been pushing successive governments in the country to open up the legal sector to foreign firms but a decision in this regard could not be taken.
Earlier this week, Bar Council of India Chairman Manan Kumar Mishra held informal talks with Law Minister D V Sadananda Gowda in this regard.
The government is of the view that the legal sector would be opened up to foreign law firms in a phased manner which would also help the Indian legal fraternity.
The Commerce Ministry is also keen on this step as it would help in the government's policy of 'ease of doing business' in India.
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The government is of the view that offices of foreign legal firms in India will help government departments in hiring services of international legal experts in arbitration cases.
Mishra said he has held informal talks with Gowda in this regard and they would meet again formally to discuss it. He said the issue of reciprocation is an important aspect.
BCI functionaries would hold formal talks with Gowda and Law Secretary P K Malhotra in the coming days, Mishra said.