Kirkland is the highest grossing law firm by revenues at USD 4,155 million (Rs. 31,100 cr). PEP wise Wachtell is highest since it’s smaller at USD 7.5 million (Rs. 56 cr). But Kirkland and Davis Polk despite being big in size are at USD 6.2 million (Rs. 46.5 cr).
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.
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.