New Delhi, March 28 -- India's legal landscape is being rocked by a second wave of senior lawyer exits from established law firms in under a year, fuelled by an intensifying battle for market share. The development comes against the looming prospect of foreign competition and a surge in corporate legal activity, with top Indian law firms aggressively poaching top talent and triggering a significant reshuffling of the legal elite.

Over the past six to seven months, leading law firms Cyril Amarchand Mangaldas, JSA Advocates & Solicitors, Trilegal, Indus Law, and Argus Partners have scooped up senior partners and their teams by offering a larger share of the firms' revenues, better designations, and a compensation that previous employers ma...