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no, it isn't Saraf - there may be attrition, but not imploding by any stretch of imagination.
Can't be indus since they always pay bonus on time regardless of how difficult the times are
Indus - the new age law firm with the ideology of the firm above any individual.
Think Luthra is too irrelevant to be in the news for imploding, it anyway already has. Barely exists
Luthra never portrayed itself to be new age and it didn't even expand aggressively

Has to be spice route
Read on LinkedIn that a "certain large law firm is imploding" which?