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How do these practices areas fare in terms of quality of work, working hours, compensation and future prospects?
Competition is great! In my opinion, it has a good mix of lit and corp and in recent times competition practice has been a crowd-pleaser.

Downside: very very very niche. A handful of people in the country practice competition law.
Can anyone please shed more light on why capMarks work is not considered as legal work exactly?
A lot of the work you have is just proofreading information for prospectuses, verifying information, summarising large amounts of data of companies etc. So it's very mechanical work at times.
Is M&A a better practice area than IBC? Why is it considered so lucrative?
Also in terms of pay, considering the business done and pro rata bonuses, where does Insolvency/ Restructuring band stands?
Is IBC practise area good for long term? Is it here to stay? You never know when the government may change and IBC gets repealed.
Debanshu Mukherjee and Vidhi Centre will make a new one in that case, don't worry
Disputes is a fulfilling practice area for sure if you have the passion for it, but money is tight unless you're in BigLaw or an offspring of a bigshot litigator.