Indian law firms fight attrition with fatter paychecks
These may still be early days for foreign law firms to set foot in India, but they sure are shaking up the legal fraternity here. Top foreign law firms like Clifford Chance and Allen and Overy are stocking up on Indian talent, thereby effecting big salary hikes at their peers in the country.comments powered by Disqus
Fearing attrition in the industry, domestic law majors like Amarchand & Mangaldas & Suresh A Shroff & Company (AMSS) and Jyoti Sagar Associates are retaining talent through fatter paychecks-some going up to even 100%. Others like Luthra & Luthra Law Offices and Dhir & Dhir are doling out mid-term hikes.