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Every few years, the big firms go on a poaching spree reminiscent of the egg station at a breakfast buffet. JSA has been floundering for nearly half a decade now, with dying practice areas, T2 rankings in most lists and a client list that hasn't moved out of 2010. Their biggest rainmakers don't even stand up to what your average mid-career ▮▮▮ ▮▮▮ Trilegal EP is making from retainer and bonus alone. Aside from Probir's Google work, how many marquee deals do they even boast of? They hire sloppy seconds from other dwindling firms like Saraf and pay peanuts to their resources. JSA was quickly on track to be a has-been firm.
What changed was that a bunch of equity freed up recently due to retirements and exits as the geriatric top management aged their way out of the firm. This hiring spree is an attempt at survival and a good one at that. Their big ticket Mumbai hires also send a message. The decrepit Gurgaon sarkari office is no longer corporate HQ. Mumbai will, for the first time, lead the corporate practice while Gurgaon continues to do diligence for india-leg of foreign transactions.
Trilegal aggressively hires to fulfill existing client work and deal with understaffing issues. JSA is hiring aggressively to make sure they're not wiped off the map. Different situations altogether