Trilegal began as an outsider in a legal industry dominated by closely held, family-run firms. More than two decades later, it has become one of India’s largest law firms—and part of the establishment it once challenged. Partners Nishant Parikh and Sridhar Gorthi talk to ET’s Vinod Mahanta and Maulik Vyas about the model behind that rise, the founder-rainmaker trap holding back midsized firms, competition from global firms and the Big Four, and why AI could reshape both fees and the traditional associate pyramid. They also confront two deeper questions: whether elite credentials still determine who enters corporate law, and whether Trilegal’s founders can truly surrender power when success arrives.

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