financetom
Business
financetom
/
Business
/
Top law firms on hiring spree as business picks up post-COVID
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top law firms on hiring spree as business picks up post-COVID
Apr 13, 2022 9:32 AM

After facing business disruption in the past two years due to the COVID-19 pandemic, top law firms such as J Sagar Associates, Cyril Amarchand Mangaldas and Trilegal are on a hiring spree, a media report said.

Share Market Live

NSE

Apart from picking talented young lawyers from campuses, law firms are also looking at offering bonuses to retain workers amid an uptick in business activity, Mint reported.

According to the recruiters, there is a huge demand for legal professionals due to the rise in public listings and more startups joining the unicorn club in the finance and tech sectors.

Also read: Over 54% employers across 21 sectors in India keen to hire this quarter; IT leads: Report

While Trilegal hires around 60-80 lawyers from law schools every year, it is planning to take in over 100 new lawyers in 2022, Mint quoted Nishant Parikh, partner and member of management committee of the top law firm, as saying. The company is also likely to offer higher salary increments this year compared to the previous fiscal, Parikh said. Trilegal hopes to employ half of the new hires at the law firm’s merger and acquisition, and funds divisions.

Mumbai-based Cyril Amarchand Mangaldas plans to add 300 lawyers in 2022. The law firm has already recruited 100 young legal professionals from campuses.

Also read: Twitter India is hiring, to focus on country-specific products: Report

“The human assets technique is firmly aligned with the agency’s development plans, and we plan to extend our workforce by 20-25 percent,” Cyril Shroff, Managing Companion of Cyril Amarchand Mangaldas, said.

Amar Sinhji of Khaitan & Co said although more freshers were likely to be picked up this year, the focus would be on “constructing a long-term expertise pool and decreasing dependencies upon mid-level lateral expertise consumption.”

Also read: Hiring of quick e-commerce delivery execs on the rise; over 4 lakh jobs on offer

The over-a-century-old organisation recently became the first Indian law firm to reach the 200 partners milestone. At present, the firm has 200 partners, 25 counsels and a total bench strength of 880 lawyers, The Economic Times reported.

Law offices across India are focusing on strengthening their very own capabilities both quantitatively and qualitatively, Sachin Rajan from search agency Russell Reynolds Associates told Mint. The agency has witnessed doubling of demand for expertise in the past two years, Rajan added.

Also read: Great war for talent still on in US; 40% wish to switch again: Survey

(Edited by : Shoma Bhattacharjee)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved