INDIAN LAW FIRMS are going easy on hirings this year, with most firms anticipating a slowdown, especially in the M&A, private equity and venture capital space. This is in stark contrast to last year when top law firms had recruited hundreds of lawyers as business recovered in the aftermath of the pandemic.
"The past year has been good but we may see a slowdown in the coming year. Firms will be more calibrated, more measured in how they grow and how they want to build their businesses," said Suneeth Katarki, founding partner, IndusLaw.
The international markets are witnessing a slowdown, and this may have an impact on the number of deals and investments flowing into India, added Shweta Shroff Chopra, partner, Shardul Amarchand Mangaldas & Co (SAM).
"The Indian economic growth forecast, however, makes us hopeful that work will continue to flow towards the bigger, quality-conscious firms which provide legal services across sectors. Top quality talent has always been valued and welcomed by SAM," said Chopra, who sees a gradual return of dual-qualified lawyers back to the Indian shores.
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