Khaitan & Co, the second largest law firm in India by headcount, saw a revenue increase of about 20-25 percent in the 2018-19 financial year, according to a report in local website Legally India (LI)
LI noted that the amount is estimated to be around 610-620 crores ($87 million to $89 million). Given that as of April 11, 2018, Khaitan’s total partnership strength was 127, including 91 equity partners, average revenues per partner would be around $685,000, and average revenues per equity partner would be around $970,000, with average revenues per fee-earner around $160,000, LI noted.
The website further added that for a long time, Indian law firm revenue figures have been closely guarded trade secrets, though several firms are now quite transparent internally within the partnership about their financials.
To contact the editorial team, please email ALBEditor@thomsonreuters.com.
