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Sure, SAM, CAM, and Khaitan are at the top when it comes to pricing. But for some reason, S&R is way more hyped here than what’s actually happening on the ground. They and TTA (because of size) work on fewer deals, but almost every mandate they get is solid. That said, their peak volume isn’t as crazy as SAM, CAM, or KCo.
Trilegal comes in right after these. Their mandates are comparatively cheaper, but they’re still quite active. Their market reputation isn’t as good but it’s still decent to get regular work. Also, with the recent CAM Bangalore additions, they’ve strengthened further. The fact their other practice areas aren’t as dominant as SAM, CAM, or Khaitan means they miss out on many company counsel mandates. Also look at the number of partner they have RC (with MZ), VP (with VS), AM, BP (with AT and BB). Unless they get work so many partners is completely unsustainable. JSA is a step below these firms in terms of volume and profile. AZB is unique. Their corporate practice is so strong that they consistently get high-quality work. Deal volume-wise, they might not hit the same numbers as the top tier, but they’re still a regular on premium mandates.