Mr. Lalit Bhasin is currently the President of the Society of Indian Law Firms and also the Managing Partner of Bhasin & Co.

He was awarded Honorary Membership of the IBA in Melbourne in 1994 for outstanding service to the legal profession. He is also the honorary Secretary General of The Bar Association of India. He was awarded the Plaque of Honour by the Prime Minister of India in 2002 for outstanding contribution to the Rule of Law. He is the Executive President of the India Law Foundation.

According to Asia Law Profiles "the high-profile advocate and litigator Lalit Bhasin, Bhasin & Co., Advocates continues to be one of New Delhi's leading litigation firms. Bhasin is well respected for his leadership abilities in the legal community. Apart from litigation, the firm also has a good reputation for its general corporate and commercial work and has recently joined the list of firms involved in privatization. Bhasin & Co. currently maintains offices in New Delhi and Mumbai and has 28 associates."