Law firms

As promised, Trilegal has announced a massive pay hike to fresh graduates joining the firm, bumping up salaries to Rs 1.1 lakh per month excluding an optional annual bonus of up to Rs 2.2 lakh.

Amarchand Mangaldas partner Cyril Shroff is in advanced talks to take on the former Religare, GENPACT and GE Cap GC as a future Delhi partner.

Radhika Pereira, the founding partner of Dudhat Pereira & Associates, is set to join the upcoming Mumbai office of the expected Amarchand Mangaldas post-break-up firm of Shardul Shroff.

Salaries at Indian law firms offered to law graduates have hit unprecedented levels, after Talwar Thakore Associates (TTA) and Khaitan and Co. respectively hiked their base pay to Rs 13 lakh and Rs 14.4 lakh per annum.

Talwar Thakore & Associates (TTA) in March bumped up the basic salary it pays to fresh law graduates to Rs 13 lakh per year, excluding a potential performance-related bonus of up to 40 per cent.

Senior advocate Harish Salve is assisting the 50-lawyer strong society of Indian lawyers fighting the Bar Council of India (BCI) in the Supreme Court, for liberalisation in Indian legal services.

The Bar Council of India’s (BCI) appeal opposing entry of foreign law firms into India today inched forward in the Supreme Court, as the respondents finished filing their written submissions 32 months after the first hearing in the case.

Commerce secretary Rajeev Kher told Mint that a committee of secretaries may “meet as early as this month to clear the proposal on legal services, which will be subsequently placed before the cabinet for a final decision”.

Khaitan & Co has increased the base remuneration paid to freshers from Rs 13.2 lakh per year (as revised in 2014) to Rs 14.4 lakh per year plus an annual bonus of Rs 1.8 lakh.

AZB & Partners has promoted 10 lawyers to partner level, with two getting the nod in Mumbai and 10 in Delhi.

The break up of Amarchand Mangaldas, whose Delhi and Mumbai-based managing partners and brothers Shardul and Cyril Shroff respectively are currently mediating about the future of the firm, has been postponed by at least a month, with the Bombay high court having been told that the mediation would not complete before April-end.

Khaitan & Co has become “the first Indian law firm to reach the milestone of 100 partners”, according to a press release from the firm.

Ashok Dhingra Associates, a tax and regulatory boutique set up last year by ex-J Sagar Associates (JSA) tax chair Ashok Dhingra and partner Smita Singh, has converted into a full equity partnership.