[Exclusive] Cyril Amarchand Mangaldas to announce bumper 30-40% increase in retainer bands with lawyers getting hikes up to 60%

According to sources, for Principal Associates, the retainer varies from ₹60-80 lakh based on the respective levels.
Cyril Shroff
Cyril Shroff

The management of Cyril Amarchand Mangaldas is revising retainer bands for lawyers across all levels by 30-40%, according to two reliable sources.

With this increase in retainer bands, lawyers who get promoted to higher levels will effectively see a hike in pay amounting to 40-60%. Therefore, owing to the cumulative effect of the increase in retainer bands and upward movement, lawyers will get an even greater windfall.

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