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Private clients litigates the value (margins are higher).
Litigating the volumes (and SEBI has metric fuckton volume) is also very lucrative. That's why many government and quasi-Govt panels are very prestigious.
Don't they represent SEBI in cases or are they just doing office work?
Given that they won't have much time left for private clients if they are representing SEBI in every matter.
Do other regulators invite tenders as well?
During a tender process, apart from the main criteria, only price matters. So among all Securities lawyers, the ones charging the lowest would get the bid right?
I am a student, asking here because of curiosity.