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Total Indian law firm market is a mere USD 1,350 million (Rs. 10,000 cr). Of this Indian firms have about 65% share USD 880 million (Rs.6,600 cr).
CAM / SAM / AZB / KCO each have revenues around USD 106 million (Rs. 880 cr). This is a mere 2.5% of Kirkland’s revenues. I’m not going into the PEP for Indian firms because equity is shared rarely and shared generously even more rarely outside the family so the list of EPs is not a true reflection of their hard work, brand name and the business brought in.
Indian law firms are too small and insignificant in the global context. Even in Indian context, a sub 1000 cr revenue business is not huge. Market leaders of most industries such as TMT, BFSI, Real Estate are much bigger.