The turnover at L&L Partners’ corporate partnership (excluding the separate litigation and other partnerships) had increased by 12% between the 2018-19 and the 2019-20 financial years, revealed court filings by senior partner Mohit Saraf in the Delhi high court dispute with managing partner Rajiv Luthra.

China’s law firm with the largest turnover, Dacheng, has generated $350m (RMB 2.25bn) in fees in 2014 with a lawyer headcount of 3,112 and 1,156 partners, followed by King & Wood Mallesons (China) with revenues of around $280m in 2014 and 1,104 lawyers.

As the end of the accounting year draws near, money begins to increasingly matter.

Amarchand Mangaldas is already sure of a record turnover year and has paid fee-earners solid bonuses. But it is not the only one.

Turnovers at India’s top 50 corporate law firms range from $500,000 (Rs 2.2 crore) to $40m (Rs 181 crore) with aggregate revenues of all firms amounting to $350m (Rs 1590 crore), estimated an analyst report on the Indian legal industry.