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It makes sense for middle class peeps to go crazy for these firms as they are literally catapulting them to UMC. From around a lakh or even less a month to potentially 5-6.
So what is the reason for UMC to run after firms?
In these cities, once you have a good residential property, you don't need more than 24-36 LPA family income to live a very comfortable life. Most families would be getting to these levels after working for at least 15-20 years.
On the other hand, you can make this kind of money in 4-5 years in T1 law firms. In another 5 years, you'll comfortable surpass your family income (that took them 25 years to reach), with just 8-10 years of experience.
Therefore, for a vast majority of people, you actually increase your affluence by joining T1 law firms, even if you are from an UMC family. The exception would probably be if your family income is above 60 LPA and consistently so (which is extremely high for any city other than Mumbai). Additionally, even in those cases, remember that professionals cannot transfer their income directly to their children. It is only if you have a business that you can do that.