Indian Law Firms Shift from Eat-What-You-Kill to Institutional Models

Indian law firms are changing how they pay their partners.

Before, partners were paid based on the money they personally brought in, which made them work alone.

Now, firms are trying a new way where partners are paid based on how much they help the whole firm, not just themselves.

This includes things like training new lawyers and working together on big projects.

The change is happening because clients want more teamwork, young lawyers want better training, and firms want to grow bigger and last longer.

Some big international firms are also doing this, and Indian firms want to keep up.

It's a big change, but many think it's necessary for the future.