As managing partner Berjis Desai’s exit nears and after the departure of senior Mumbai rainmaker Akshay Chudasama, concerns mount over the firm holding on to its democratic structure and how it can remain competitive for the next 25 years.

And if you’ve read the article in Mint already, click through for additional interesting transcripts from the interview.

Exclusive: Economic Laws Practice (ELP) is considering implementing a bespoke report by a global human resources (HR) consultant, as the firm lifted four partners into the equity pool alongside its founding partners, while eight associate partners were promoted to non-equity partnership.

Luthra & Luthra partners have agreed to completely overhaul their management and partnership structure, which will see up to six current salaried partners enter the newly opened equity on a lockstep system.