In the last year Indian law firms also grew lawyer headcounts by an average of 20 per cent while partner numbers only increased by 5 per cent.
Client associate ratings
| Associate ranking | Law firm | Avg client rating of associates |
|---|---|---|
| 1 | S&R Associates | 9.3 |
| 2 | Vaish & Associates | 9.0 |
| 3 | Kochhar & Co | 8.6 |
| 4 | Nishith Desai Associates | 8.6 |
| 5 | Talwar Thakore Associates | 8.6 |
| 6 | Desai & Diwanji | 8.6 |
| 7 | Kanga & Co | 8.3 |
| 8 | Economic Laws Practice | 8.2 |
| 9 | AZB & Partners | 8.1 |
| 10 | Trilegal | 8.0 |
| 11 | J Sagar Associates | 7.9 |
| 12 | Bharucha & Partners | 7.8 |
| 13 | Platinum Partners | 7.8 |
| 14 | D.H. Law Associates | 7.8 |
| 15 | Luthra & Luthra | 7.7 |
| 16 | Majmudar & Co | 7.7 |
| 17 | Khaitan & Co | 7.6 |
| 18 | DSK Legal | 7.5 |
| 19 | Amarchand & Mangaldas | 7.3 |
| 20 | Juris Corp | 7.2 |
| 21 | Mulla & Mulla | 7.1 |
| 22 | Crawford Bayley | 7.0 |
| 23 | ALMT Legal | 7.0 |
| 24 | Fox Mandal | 6.8 |
| 25 | Dua Associates | 6.3 |
Out of 70 interviewed and researched firms, this year’s report ultimately included five new firms in the top 40, including Tatva Legal, P&A Law Offices, Indus Law, India Law Services and Lexygen.
Amarchand Mangaldas was ranked top ahead of AZB & Partners both receiving almost top marks across all categories, as first reported by Mint on Monday.
Khaitan & Co and J Sagar Associates tied in third position scores ahead of Luthra & Luthra and Trilegal in joint fifth place.
The top 10 of transactional firms according to RSG is rounded out by DSK Legal, Desai & Diwanji and Nishith Desai Associates.
“In part, the intense fragmentation of the Indian legal market is fuelled by the lack of institutional client loyalty, the booming Indian economy, the low levels of client service from the top law firms and the culture of entrepreneurialism among young Indian lawyers,” noted RSG.
Poor service levels
According to RSG, because demand outstripped supply Indian lawyers could “still call the shots with clients”.
Nearly all out of 300 client reports on law firms said they were dissatisfied with service levels, with Indian law firms’ lack of bandwidth, particularly at the junior and mid-ranking partner level, accounting for 29 per cent of all responses.
Around 15 per cent cited lack of capacity, practice areas/offices with a similar figure not having been impressed by service and timeliness levels.
Billing and poor quality of work came fourth and fifth with less than 10 per cent of client feedback being negative.
However, clients rated the top five law firms highly for “expertise”.
Impressive associates
“Indian law firms have grown by 20 per cent on average since last year showing that the legal market is booming. However, the numbers of partners overall has only grown by 5 per cent despite over half the firms in the top 10 reviewing their compensation systems,” stated the report.
The lack of partner bandwidth was reflected in client feedback, with the top five firms scoring significantly lower than last year in the “availability” category.
However, clients interviewed registered the highest satisfaction level with the associates at S&R Associates, Vaish & Associates, Kochhar & Co, Nishith Desai Associates, Talwar Thakore Associates and Desai & Diwanji (see table right).
Out of RSG’s top 10-ranked firms clients were least satisfied with Amarchand Mangaldas, DSK Legal and Khaitan & Co – respectively in 19th, 18th and 17th place.
The report had interviewed and solicited ratings of Indian law firms’ performances from 231 clients, of which 103 were multi-nationals, 41 were in the ET500, and 11 were amongst India’s 20 largest companies. Banks and financial institutions made up 30 per cent of the sample group.
RSG interviewed at least five clients per firm in all cases except one firm ranked below 20th, with an average of between eight and 10 client feedback ratings received per firm.
| 2011 Rank | Firm Name | No of Partners | No of lawyers | Quality | Profile | Capability | Total |
|---|---|---|---|---|---|---|---|
| 1 | Amarchand & Mangaldas | 48 | 545 | 9 | 9 | 9 | 27 |
| 2 | AZB & Partners | 20 | 220 | 9 | 9 | 8 | 26 |
| 3 | J Sagar Associates | 40 | 225 | 8 | 8 | 8 | 24 |
| 3 | Khaitan & Co | 45 | 250 | 8 | 8 | 8 | 24 |
| 5 | Luthra & Luthra | 34 | 200 | 8 | 7 | 7 | 22 |
| 5 | Trilegal | 17 | 142 | 8 | 7 | 7 | 22 |
| 7 | DSK Legal | 16 | 90 | 8 | 7 | 6 | 21 |
| 8 | Desai & Diwanji | 16 | 142 | 7 | 6 | 7 | 20 |
| 8 | Nishith Desai Associates | 6 | 71 | 8 | 7 | 5 | 20 |
| 10 | Anand & Anand | 9 | 59 | 8 | 6 | 5 | 19 |
| 10 | Lakshmi Kumaran & Sridharan | 20 | 120 | 8 | 6 | 5 | 19 |
| 10 | S&R Associates | 5 | 40 | 8 | 6 | 5 | 19 |
| 13 | Kochhar & Co | 20 | 180 | 7 | 5 | 6 | 18 |
| 13 | Mulla & Mulla | 15 | 115 | 6 | 6 | 6 | 18 |
| 15 | Bharucha & Partners | 5 | 37 | 7 | 5 | 5 | 17 |
| 15 | Crawford Bayley & Co | 17 | 100 | 6 | 5 | 6 | 17 |
| 15 | Majmudar & Co | 8 | 68 | 6 | 6 | 5 | 17 |
| 15 | Wadia Ghandy & Co | 13 | 112 | 6 | 5 | 6 | 17 |
| 19 | Dua Associates | 40 | 190 | 5 | 5 | 6 | 16 |
| 19 | Economic Laws Practice | 18 | 62 | 6 | 5 | 5 | 16 |
| 19 | Fox Mandal | 50 | 400 | 5 | 5 | 6 | 16 |
| 19 | Platinum Partners | 5 | 27 | 7 | 5 | 4 | 16 |
| 19 | Talwar Thakore & Associates | 6 | 22 | 7 | 5 | 4 | 16 |
| 19 | Vaish Associates | 12 | 102 | 7 | 5 | 4 | 16 |
| 25 | ALMT Legal | 19 | 96 | 5 | 5 | 5 | 15 |
| 25 | Kanga & Co | 12 | 50 | 6 | 4 | 5 | 15 |
| 25 | Tatva Legal | 10 | 80 | 6 | 5 | 4 | 15 |
| 28 | Juris Corp | 10 | 50 | 6 | 4 | 4 | 14 |
| 28 | Rajani Associates | 8 | 41 | 6 | 4 | 4 | 14 |
| 28 | Rajinder Narain & Co | 3 | 29 | 6 | 5 | 3 | 14 |
| 31 | DH Law | 4 | 24 | 6 | 4 | 3 | 13 |
| 31 | P&A Law | 1 | 18 | 7 | 4 | 2 | 13 |
| 31 | 4 | 31 | 6 | 4 | 3 | 13 | |
| 31 | Udwadia & Udeshi | 7 | 30 | 5 | 4 | 4 | 13 |
| 35 | 3 | 18 | 5 | 4 | 3 | 12 | |
| 35 | Hemant Sahai Associates | 8 | 48 | 5 | 4 | 3 | 12 |
| 35 | 8 | 49 | 5 | 4 | 3 | 12 | |
| 35 | Tyabji Dayabhai | 3 | 8 | 6 | 4 | 2 | 12 |
| 39 | 4 | 25 | 5 | 4 | 2 | 11 | |
| 39 | Lexygen | 3 | 15 | 5 | 4 | 2 | 11 |
Source: RSG Consulting
Methodology: The quality score is derived from deals league table performance in M&A, project finance, private equity and capital markets by value and volume in the past one and three years, feedback from clients on quality of work, expertise and service delivery.
The profile is based on a count of total number of mentions and qualitative feedback from clients, Indian lawyers and foreign lawyers, with greater weight given to unprompted recommendations.
The capability scores are based on the size of the law firm by number of lawyers and estimated turnover, capability by practice area and locations, feedback from clients on ability to handle large scale work and client assessment of the firm’s bandwidth.
Comments
I cannot name this firm as LI will censor it, but I request LI to do a story on firms that do not participate in NLU campus recruitments. I especially request LI to interview the owner of the firm I am referring to (I hope you can work it out).
And Damned, if law firms were to hire every top 5 student from every NLU, irrespective of whether they are suited for a corporate firm career, I don't think Indian firms would get very far. One of the larger firms in the country was stated by NLSIU grads who were well outside the top 5. So before seeing a conspiracy against people from non-legal backgrounds, take a long hard look at your skills.
And Damned, if law firms were to hire every top 5 student from every NLU, irrespective of whether they are suited for a corporate firm career, I don't think Indian firms would get very far. One of the larger firms in the country was stated by NLSIU grads who were well outside the top 5. So before seeing a conspiracy against people from non-legal backgrounds, take a long hard look at your skills.[/quote]
er...you are mistaken. I was not referring to AMSS. I clearly said that it is a firm that does not recruit at all from campuses. How can that be AMSS? I cannot name the firm in question as it will be censored.
And if we don't publish it, then at least we'd have an idea of which firm we are supposed to be interviewing...
Original comment talks about "well-known family-run firm (known for its expertise in a certain area of the law)".
I don't believe WG is particularly known as a specialist firm or that it is particularly a family firm more than most...?
Original comment talks about "well-known family-run firm (known for its expertise in a certain area of the law)".
I don't believe WG is particularly known as a specialist firm or that it is particularly a family firm more than most...?[/quote]
He could be speaking about Crawford Bayley or Mulla & Mulla, and I wanted to highlight that Wadia Ghandy is one such firm with a similar attitude. I don't see any other firm in the family category. Probably the original comment chap should answer and give the name cos this curiousity is killing me. :P
Its Vaish Associates, Advocates not Vaish and Associates.
Thanx
[quote name="Family firm insider"]Yeah, agreed. Trilegal should be much higher.[/quote]
Can you share revenue numbers of leading Firms please?
Mr Anand has not been too keen on speaking to us in the past so I don't think an interview will be forthcoming.
Ultimately I guess it is their prerogative where they wish to hire from though, no? Their business model seems to work, despite spawning a huge number of breakaways, and they are very profitable from what I understand.
For those frustrated by it, why don't you apply to other firms? There are more out there, no?
Best regards
Kian
Stinks seems to be referring to dave girish & co !!
I would have accepted Links, CC or A&O (Indian) associates being ranked better than AMSS or AZB, but [...] ? [...] ? [...] ? Every second guy in these firms has got there by lack of choice and is busy sending his or her CV and they figure is the top five ? Plain weird...
Thanks