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Honestly labeling any firm generally as Tier 1/2/3 may not be ideal since nither growth nor decline is linear. A law firm with sound TMT practice may go south if for any reason half of the partners mid year decide to move to another firm. Similarly, a good PR team may help place a law firm on enviable position despite basic organisational issues.
But in looting clients by overbilling and and giving wrong advice so that litigation never end's and client is getting forever billed its topmost Tier 1.
Tier 1: Gaggar and Partners, SPN Legal, Acuity
Tier 1 - Singh and Associates, Pioneer Legal, Tatva Legal etc.
Tier 2 - LKS, Induslaw, DSK Legal etc.
Tier 3 - CAM, SAM, KCO
CAM, SAM, AZB, Trilegal, KCO, Luthra, JSA (all in the same tier).
I think Luthra is in jeopardy of being demoted.
Amongst these Cam, Sam, Azb are big 3