Indian Bar Council Scrutiny Targets Big Four Firms and Affiliated Law Practices
What happened
The Society of Indian Law Firms announced it would complain to the Bar Council of Delhi against several Indian law firms, including Advaita Legal, for allegedly being closely affiliated with Big Four accountancy firms. This follows previous complaints against E&Y, KPMG, PwC, and Deloitte regarding unauthorized practice of law. A spokesperson for Deloitte confirmed receiving a letter from the Bar Council of Delhi and stated the firm would respond.
From legallyindia.com
Why it matters
The scrutiny targets the arrangements between law firms and accountancy firms, which the Society of Indian Law Firms argues are devices used to circumvent the law. This regulatory action directly impacts the operational practices of major professional services firms like KPMG and Deloitte.
From legallyindia.com
Who's involved
- Sujit GhoshFounder of Advaita Legal, which is affiliated with KPMG.
- KPMGOne of the Big Four accountancy firms facing legal scrutiny.
- DeloitteOne of the Big Four accountancy firms facing legal scrutiny.
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The entities involved
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Sujit Ghosh
Nothing else this week.
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KPMG
provider of audit, legal, tax advisory, financial, and business advisory services
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Deloitte
multinational professional services network founded in 1845