A recent wave of initial public offerings on the Indian bourses has been a boon to the region’s capital markets lawyers. But the Indian IPO surge has also created challenges for the legal industry, which has had trouble finding and retaining talent and coping with the increased regulations and responsibilities that come with the steady stream of IPOs.

In the third quarter of this year, more than 100 Indian companies raised over $4 billion through IPOs, an increase of more than 60% from the preceding quarter as well as from the same period a year earlier, according to Dealogic.