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The firm doesnt actually fire anybody, what they really do is ask you to quit to save you the embarrassment.
Mumbai Office: 1 Partner, 2 Counsel and at least 1 Associate left last year.
Delhi Office: 1 Senior Partner left, 1 Partner shifted to Counsel and then left, 3 Counsel left last year, and 3 at least Associates left last year. This year a MA has left and at least 2 Associates.
The writing is on the wall
Let's see, in the Mumbai Office transactions team, how many people, who are not partners currently have stuck around for more than 5 years?
Next generation is nowhere near as brilliant or graceful. IYKYK.
Bharucha lacks the incentives which can retain resources. The pay isn’t comparable. The work is mostly uninteresting. The environment is depressing, perhaps they were right to select black and grey as their colour scheme - cause that is how it feels to be there. I would also add that the partners are unimpressive barring the ones not in Delhi and Mumbai. Hardly any conversation or partner reviewed work product stands out. Their incompetency coupled with their mannerisms and toxicity doesn’t bode well for Bharucha.
Coming back to OP, yes attrition is high, the work is very demanding. If you cannot deliver, too bad. People are asked to resign to save them the embarrassment of being fired, some are fired. This is a part of every law firm and is normal. Old people leave, new people join. New people leave, newer people join. The cycle goes on ad nauseam.
Attrition is not only for upward shifts, and upward shifts are exceptions and not the general rule.
Attrition otherwise takes place only for shifts to T1, which is usual for any other T2 firm.