50 law firms that are on the ascent
by Rebecca Abraham
Ask any in-house lawyer to name India’s most reputed law firms and most will mention the six or seven that have for long dominated the market. The small and medium-sized firms that lie beyond are rarely considered. Yet, within this universe are firms that in-house lawyers often turn to for outside counsel.
Many of these lesser known firms have been set up by entrepreneurial lawyers who might have started out at the big-name law firms. As a result, clients find that capabilities and standards can be similar, but are available at more reasonable rates.
India Business Law Journal’s Rising Stars of India’s legal profession honours 50 such small and medium sized firms from within this often overlooked universe. In turning the spotlight on these firms, we seek to recognize their potential.
India Business Law Journal’s list of 50 Rising Stars of India’s legal profession was compiled following an extensive consultation exercise in which in-house counsel were invited to nominate up-and-coming Indian law firms that have the potential to become market leaders. They were asked to nominate law firms as opposed to individual lawyers, and to consider new firms as well as long-established firms that have recently reinvigorated themselves and show great promise.
Our final list of 50 Rising Stars reflects the nominations received combined with India Business Law Journal’s editorial team’s more than 30 years of collective experience in documenting and analysing India’s legal market.
All Indian law firms, except those that have been award winners in India Business Law Journal’s annual Indian Law Firm Awards (and whose stars may therefore be considered to have already risen), were eligible for consideration. As always, there were no fees or any other requirements for being considered.
What is a rising star?
While all 50 firms are of varying vintage and size, the one common trait is that they are all on an upward trajectory. This could be because they are widening their areas of key expertise or due to a recent reorientation of the firm’s strategy or that the firm is reaping the rewards of its hard work. As a result, while several of these firms are well on their way to becoming providers of top-class advice and representation, the rest are not far behind.