TOP 40 INDIAN LAW FIRMS
The RSG-India rankings are based on extensive research for the 250 page in-depth RSG-India Report 2015. More details on the report are available here
The TOTAL SCORE out of 40 is the sum of weighted and banded scores for the following four criteria:
1. CAPACITY (/10): number of partners, lawyers, offices, leverage ratios, and ability to handle large scale work.
2. PROFILE (/10): market profile, including the number of spontaneous mentions and recommendations the firm received in independent client interviews.
3. QUALITY OF MANDATE (/10): an analysis of the firm’s client base and recent work.
4. CLIENT SATISFACTION (/10): the average satisfaction score from the firm’s own clients for 12 key indicators.
The banded scores against the four indicators are not shown. They are derived from 35 different data sets, weighted and ranked based on RSG Consulting’s Top 40 Indian Law Firms methodology.
However, we do show data against two indicators: PROFILE MENTIONS which shows the total number of mentions, including a weighting for top tier, second tier and most improved commendations, and the average CLIENT SATISFACTION SCORE each firm receives from their clients. In addition, we show headcount figures for total number of partners and lawyers based on the firm’s submissions to RSG Consulting, or RSG’s estimates where numbers are not provided.
Little change at the top
Amarchand & Mangaldas has been the top ranked firm in the RSG India Top 40 Ranking since it began in 2008 and the sole holder of the number one spot since 2011. AZB & Partners continues to share second position with Khaitan. The latter firm has made strides up the ranking in the past five years, and is now firmly established as a top tier firm. Khaitan scores better on capacity and receives higher client satisfaction scores than AZB, but falls behind in terms of market profile and quality of client and mandate.
How would two separate Amarchand firms have been ranked?
The majority of clients reviewed both Mumbai and Delhi as a single firm, making it difficult to know for sure. However, if we ranked Amarchand as two separate law firms, we would expect one would still be the top firm in India. We ran a hypothetical ranking on Amarchand as two separate firms and found that, today, the two new firms would share the top spot based on their current figures, client relationships and market profile. However, this may change after a year of operating separately, and we’d expect to see the firms differentiate themselves and their market positions in this period.
There are some distinct differences between the two branches of Amarchand. The Mumbai region has more lawyers overall, but they have the same partner numbers which is also an important indicator of their capacity. The Delhi office has fewer assistant lawyers for each partner, giving it a lower leverage ratio, which is often reflected in better client satisfaction scores.
The rest of the top six
The next three law firms also hold their positions from 2013. JSA had a strong year and was more visible. However, it was less active on large deals than its top six peers. Luthra & Luthra performs poorly compared to the group on the client satisfaction ratings, but a strong market profile and client base have held the firm in fifth place. Clients recommend Trilegal as a firm that continues to move up in the market, but poorer client satisfaction scores than in previous years have kept it from moving up the rankings. It is also the only firm in the top six not to receive significant mentions as a ‘top tier law firm’ dampening the firm’s profile score.
The firms which punch well above their weight in terms of size are S&R Associates, Talwar Thakore & Associates, Platinum Partners, Bharucha & Partners and Phoenix legal. Each has fewer than 10 partners, and only Phoenix breaks the 50 lawyer mark. The firms in this group all received at least one top tier mention, and all but Phoenix were recommended by clients as having improved in the past year. These firms continue to outperform the top 40 in client satisfaction scores, with many international clients preferring to use a top quality, smaller firm where they are more likely to receive senior partner attention.
*Headcount numbers based on RSG research and estimates. All other headcount figures supplied by the law firms.
**TOTAL Score out of 40 is the sum of weighted and banded scores for CAPACITY (/10), PROFILE (/10), QUALITY OF MANDATE (/10) and CLIENT SATISFACTION (/10). These banded scores against the four indicators are not shown. They are derived from 35 different data sets, weighted and ranked based on RSG Consulting’s Top 40 Indian Law Firms methodology. However, we do show data against two indicators: profile score which shows the total number of mentions (which includes a weighting for top and second tier commendations) and the actual average client satisfaction score each firm receives from their scorecards from their clients. In addition, we show headcount figures for total number of partners and lawyers based on the firm’s submissions to RSG Consulting.
|Rank||Company Name||Number of partners||Number of lawyers||RSG Profile Score||RSG Client Satisfaction Score||Total Score|
|1||Amarchand & Mangaldas & Suresh A Shroff & Co||84||655||61||8.7||37.8|
|=2||AZB & Partners||20||295||59||8.5||35.2|
|=2||Khaitan & Co||81||354||55||8.7||35.2|
|4||J Sagar Associates||79||337||41||8.7||34.0|
|5||Luthra & Luthra Law Offices||42||292||30||8.2||30.4|
|8||Economic Laws Practice||25||129||5||9.0||26.2|
|9||Desai & Diwanji||27||187||12||8.5||25.8|
|10||Talwar Thakore & Associates||4*||26||9||8.8||25.0|
|11||Wadia Ghandy & Co||34*||153*||9||8.1||24.8|
|12||Nishith Desai Associates||8||82||8||8.5||23.9|
|14||Kochhar & Co||36||176||1||9.2||23.5|
|15||Bharucha & Partners||7||47||14||8.7||22.7|
|18||Anand and Anand||17||107||0||9.3||22.0|
|=19||Lakshmikumaran & Sridharan||30||163||0||8.3||21.5|
|=19||Vaish Associates Advocates||13||103||3||8.4||21.5|
|=22||Kanga & Co||14||44||2||9.0||20.8|
|=22||Mulla & Mulla & Craigie Blunt & Caroe||14||118||0||8.5||20.8|
|27||Majmudar & Partners||8||49||0||7.9||19.3|
|30||Link Legal - India Law Services||14||94||1||8.7||18.6|
|=31||D H Law Associates||10||55||0||8.8||18.3|
|=31||Rajani, Singhania & Partners||29||129||0||7.8||18.3|
|34||Seth Dua & Associates||12||38||0||8.4||17.9|
|35||Samvād Partners, Advocates||7||29||0||8.6**||17.5|
|=37||Krishnamurthy & Co (K Law)||10||80||2||8.9**||17.3|
|=37||Mundkur Law Partners||3||11||0||8.9||17.3|