India’s IPO Boom Fuels Demand for Capital Markets Lawyers
Law Firms Expand Teams Amid Record Fundraisings
Global Listings and Investor Confidence Drive Legal Talent Shortage
By Our Legal Reporter
New Delhi: December 12, 2025:
India’s capital markets are experiencing a historic boom. With record-breaking initial public offerings (IPOs) and fundraising activity, law firms across the country are scrambling to hire lawyers with capital markets exposure. This surge in demand is reshaping the legal industry, creating new opportunities for young professionals, and intensifying competition among top firms.
Also Read: SEBI Gets Power to Takedown Misleading Market Content Under IT Rules
IPO Boom in Numbers
- In 2025 alone, companies raised ₹2.44 lakh crore ($27 billion) through 370 deals, including 100 main board IPOs, 236 SME listings, and 34 qualified institutional placements (QIPs).
- In 2024, India saw 268 IPOs, raising nearly $19 billion, the highest in a single year.
- Successful listings of Hyundai Motor India and LG Electronics have encouraged other multinational corporations to consider listing their local operations.
These figures highlight the vibrancy of India’s equity markets and explain why law firms are racing to expand their capital markets practices.
Law Firms Respond to Demand
- Cyril Amarchand Mangaldas (CAM): Built India’s largest capital markets practice with 19 partners and 150 lawyers, after onboarding a large team from IndusLaw.
- Khaitan & Co: Expanded its capital markets team by nearly 30% since 2021, now employing around 90 lawyers in this practice.
- Trilegal: Added about 20 junior lawyers after senior partners joined its Bengaluru office.
- CMS IndusLaw: Recently absorbed a 13-member capital markets team from Saraf & Partners.
- Verist Law: Strengthened leadership by hiring partners from Anagram Partners and CAM.
Even mid-tier and boutique firms are hiring specialists, as clients increasingly prefer to handle IPO-related work in-house.
Also Read: Supreme Court Extends PM Insurance Scheme to Private Doctors Who Died of COVID
Talent Crunch and Rising Salaries
The surge in IPO activity has created a talent shortage. Law firms are offering higher salaries and faster promotions to attract and retain capital markets lawyers.
- Campus hiring has increased, with firms recruiting more graduates directly from law schools.
- Experienced lawyers with IPO exposure are in short supply, making them highly sought after.
- Executive search firms note that mid-sized firms are also competing for talent, intensifying the hiring race.
Changing Investor Preferences
Industry experts point out that younger investors are shifting from traditional assets like gold and real estate to liquid financial assets. This trend is fuelling IPO activity and, in turn, demand for legal expertise.
Global Confidence in India
India’s IPO boom is not just domestic. Global corporations are increasingly looking to list their Indian subsidiaries, citing:
- Long-term stability of the Indian economy.
- Strong investor confidence in Indian equity markets.
- Regulatory clarity that supports fundraising.
This global interest further strengthens the need for lawyers who can navigate complex cross-border capital market transactions.
Challenges Ahead
While the boom is positive, challenges remain:
- Talent pipeline: Law schools must adapt curricula to prepare graduates for capital markets law.
- Workload pressure: IPO processes take 9–12 months, requiring sustained effort from mid- and senior-level lawyers.
- Retention issues: With demand outstripping supply, retaining skilled lawyers is becoming difficult.
Also Read: Supreme Court Quashes SC/ST Act FIR, Calls Contradictory Allegations an Abuse of Process
Conclusion
India’s IPO boom has transformed the legal industry. Capital markets lawyers are now among the most in-demand professionals, with law firms expanding aggressively to meet client needs. The surge in fundraising, global listings, and investor confidence ensures that this trend will continue.
For young lawyers, this is a golden opportunity to build careers in one of the most dynamic areas of law. For law firms, the challenge lies in balancing growth with talent retention and ensuring that clients receive timely, high-quality advice.
GEO Keywords for Faster Searches
- IPO boom India 2025
- Capital markets lawyers demand India
- Law firms hiring IPO specialists
- India IPO fundraising trends
- Equity offerings legal talent shortage
- Cyril Amarchand Mangaldas capital markets team
- Khaitan & Co IPO practice expansion
- India SME IPO boom
- Global companies listing in India
- Campus hiring capital markets law