RSG India
Senior Indian law firm partners’ billing rates have increased by around 17% over two years to an average of $335 an hour (Rs 21,580 at current exchange rates) from $292 in 2015 (Rs 18,500 at exchange rates at that time), according to consultancy RSG India's latest research and its figures from 2015.
In the latest bi-annual rankings compiled by consultancy RSG India, AZB & Partners has topped the table ahead of Shardul Amarchand Mangaldas (SAM) and Cyril Amarchand Mangaldas (CAM), which had topped the table in 2015 when still united in one firm as Amarchand Mangaldas before their break-up (see full table below).
The Punjab and Haryana high court has suspended the 20-year and 7-year rape sentences of three JGLS Sonepat students, reasoning in its short order of merely 12 pages that “an alternate story of casual relationship” and “adventurism and experimentation in sexual encounters” of the victim - also a JGLS Sonepat student - justified the suspension, reported several media outlets.
The Supreme Court Bar Association (SCBA) elections may be postponed to January, out of fairness to the SC advocates whose names were removed without proper notice from the SCBA voter list, if the election committee agrees to the request of presidential candidate Adish Aggarwala.
Yesterday (September 1) in Court No 8 of the Supreme Court, before justices Ranjan Gogoi and NV Ramana, a case of civil contempt against the Central Government was argued unsuccessfully by the petitioner in the main case of National Federation of the Blind vs Sanjay Kothari, Secy Deptt Of Personnel and Training.
Linklaters, Clifford Chance, Allen & Overy and Baker & McKenzie are the highest profile foreign law firms operating in India, according to the latest analysis of foreign law firms’ India businesses.
Corporate and commercial law firms in India turned over just over $1 billion in revenue in the 2014-15 financial year, estimated London-based legal market consultancy RSG Consulting in its bi-annual report on the Indian legal industry based on a survey of more than 500 clients and 26 law firm managing partners.
If all you care about are the top spots, not much has changed in the rankings of the 40 leading corporate Indian law firms that London-based RSG Consulting has produced since 2008.
RSG Consulting’s 2015 ranking of India’s top 40 law firms has seen no change in the six largest Indian firms since 2013, with Amarchand Mangaldas continuing to top the rankings, followed by Khaitan & Co and AZB & Partners tied in second place.
The Supreme Court has appointed senior advocate RS Cheema as the special public prosecutor (SPP) in the Coalgate scam special court trial, reported the PTI, presided over by additional sessions judge Bharat Parashar.
A week ago the bench of Chief Justice RM Lodha, Justice Madan B Lokur and Justice Kurian Joseph had heavily pushed for Gopal Subramanium, who bowed out of the apex court judgeship process, to become SPP.
The Delhi Bar Council (DBC) will elect a new chairman and vice chairman on 30 July, as RS Chauhan – the chairman elected in January – resigned on 28 June, on the brink of a no confidence motion being passed against him by 16 DBC members.
The police had objected to bail for Munnetra Kazhagam because of his history of rowdiness and political affiliation; Justice RS Ramanathan said the risks of jumping bail were thin because he was a politician [The Hindu]
London international firms beat US firms in recognition and volume stakes.
The incumbents continued their rule in the consultancy’s 2013 ranking of law firms, while the ecosystem as a whole has widened.
Exclusive: Clients have been most impressed with associates at S&R Associates and Vaish Associates, according to a survey from consultancy RSG India, as Amarchand Mangaldas and AZB & Partners topped a ranking of Indian best law firms.
In the last year Indian law firms also grew lawyer headcounts by an average of 20 per cent while partner numbers only increased by 5 per cent.
Exclusive: Almost half of a sample of India’s fastest growing companies still relied on domestic law firms to introduce them to foreign law firms, according to a report.
Turnovers at India's top 50 corporate law firms range from $500,000 (Rs 2.2 crore) to $40m (Rs 181 crore) with aggregate revenues of all firms amounting to $350m (Rs 1590 crore), estimated an analyst report on the Indian legal industry.