New Delhi, June 17 -- The top law firms are expanding their presence in GIFT City as the country's only international financial hub crosses $100 billion in banking assets and draws an increasingly large roster of global clients, signalling a new phase for the Gujarat-based centre.

Khaitan & Co. and SNG & Partners are the latest to open offices at the International Financial Services Centre (IFSC), joining Trilegal, Cyril Amarchand Mangaldas, Economic Laws Practice and Dhaval Vussonji & Associates in building a permanent legal infrastructure at the site. The moves reflect a sharp expansion in the breadth of GIFT City mandates, which now include investment funds and aircraft leasing, as well as insurance, fintech, and multinational treasur...