Dr. Lalit Bhasin started his law practice in 1962 and has developed Bhasin & Co. as one of the largest Law Firms in North India. His areas of specialization include Employment & Labour Laws, Corporate Law (Formation of Joint Venture Companies, Foreign Collaborations, Amalgamations, Mergers, Acquisitions, Disinvestment); Laws relating to Information Technology; Contract and Conveyancing; Constitutional Law; Banking and Finance; Consumer Protection Laws; Disputes relating to Foreign Investment e.g. Shareholders Agreements, Collaboration Agreements, Agency and Distribution Agreements, Technology Transfer Agreements and Dispute Resolution Practice.
He was awarded Honorary Membership of the IBA in Melbourne in 1994 for outstanding service to the legal profession. He was awarded the Plaque of Honour by the Prime Minister of India in 2002 for outstanding contribution to the Rule of Law. In 2007, the President of India presented the National Law Day Award to Lalit Bhasin for "Outstanding Contribution to the Development of the Legal Profession in India and for his deep involvement and engagement in the maintenance of the highest standards at the Bar".
He has been the Chairman of the Bar Council of Delhi. He is Immediate Past President of Inter Pacific Bar Association. He is the President of the Society of Indian Law Firms (SILF) and Vice President of the Bar Association of India. He is the Chairman of Film Certification Appellate Tribunal. He was honoured by Chief Justice of India on completing 50 years in the profession on the Law Day in November 2012.
Recently, he has been conferred the Degree of Doctor of Laws (LL.D.) Honoris Causa with full honours and rights and privileges by Amity University of Rajasthan on 4th May, 2013 at Jaipur.