LI and Mint, together every fortnight In today’s edition of Mint: The finance ministry’s latest concession on service tax imposed on lawyers that was notified in June has been welcomed by some; others continue to say it wasn’t enough and many remained unaware of the current law and how, or if at all, they had to pay this tax.

It's not easy being a lawyer Exclusive: Just behind being a brain surgeon, an air traffic controller, and flying remote control UAVs over civilians in Afghanistan from Nevada, being a lawyer can be one of the most stressful of jobs in the world.

David LLP v Goliath & Partners?In today’s edition of Mint: “Today our biggest problem is not foreign firms, it is people working at one-tenth the price that we work at,” said Cyril Shroff, the Mumbai managing partner of Amarchand & Mangaldas & Suresh A. Shroff & Co., in an interview in early 2012. “You are constantly being pulled down in price.”

Bullies “If you don’t touch his balls, and it gets out that you didn’t listen to a fifth year, no senior will ever help you do research or anything. In fact, I think we might have a word with the student disciplinary committee. You know what they can make you do, right?”

LI and Mint, together every fortnight In today’s edition of Mint: Law firms enjoy unequal bargaining power in a market where the talent pool is deepening every year.

The sobering state of the economy has got India’s law students worried. For many, particularly at the top few schools, getting a high-paying job was the primary aim of their legal education. The higher pay packets also justified the pursuit of an interest in the law, especially when it came to convincing parents who would otherwise prefer their children aspire for admission to an Indian Institute of Technology (IIT) or Indian Institute of Management (IIM).

peggy mad men Workplaces are structured to lose the women along the career ladder and colleagues’ and bosses’ attitudes do usually not alleviate the loss, was a hot topic of discussion in a room of 80 women at the Society of Women Lawyers’ (SOWL) annual conference in Delhi on Saturday.

imageWhen Chief Justice of India S.H. Kapadia started his term in May 2010 it was widely reported that he didn’t take the traditional May-June court vacation but worked through it, aiming to look at ways of reducing the time it takes to hear cases and making the Supreme Court administration more efficient.

I can get some satisfaction (graphics by Sandeep Bhatnagar/Mint) In today’s edition of Mint: Indian lawyers have it pretty good when compared with the average citizen, of whom only 8% are positive about their jobs—as a Gallup survey revealed last week. Nevertheless, the corporate law profession faces a crisis of confidence.

LI and Mint, together every fortnight In today’s edition of Mint: Legally India reveals the conundrum of how legal liability insurance has managed to catch on among India’s bigger law firms, despite no one being able to remember any lawyer ever getting sued for negligent advice.

1960s Advocates Act: Kaputt? The ruling in the Chennai writ petition was hailed as pragmatic for solving the nearly two-year-old deadlock foreign firms were in. But frankly it is likely to continue exposing the deficiencies of the 1961 Advocates Act in dealing with modern-day India. And it could possibly  plunge a number of industries into a world of pain via the Bar Council of India (BCI).

Report on NalsarUntil last Wednesday, an explosive 161-page document prepared by four judges was gathering dust in the office of Nalsar Hyderabad vice chancellor (VC) Veer Singh for nearly four months. Few, if any, had read it and most faculty and students claimed they were unaware even of its existence or any details.

The story of that report is Nalsar’s alone. But this is also a story of academic power struggles, law school management and students caught in between, that will have near-universal parallels in many Indian law schools.

Exclusive: A few years ago, Indian lawyers who took a top LLM in the US were inundated with job offers from prestigious US and international law firms. Many accepted. But in 2011 only five out of 60 students got such a ticket. Have $70,000 US LLMs just become a way for colleges to cash in on Indian students? Find out why the Brazilians seem to fare better than the Indians.

Madhava Menon’s national law school experiment of 1986 may have failed to pull hundreds of Indian law schools out of mediocrity but it has brought newfound respect to legal education, reports Mint today. Critics complain that the national law schools have mostly benefited corporate law but this may not be their fault. While no NLS grads have so far made it to senior counsel rank, some are making their mark in litigation.

Exclusive in today’s Mint: Revealing two years of research, over 20 interviews with current and former lawyers, and never-read-before insider details and accounts, read the most definitive and balanced account published so far of Fox Mandal Delhi’s financial woes and how the merger between Fox and Little & Co Mumbai unravelled. 

Mint: A page for the legal profession every second FridayMint - easily India’s best quality business daily - will now feature cutting-edge legal industry news and analysis in its pages every second Friday under an exclusive new content partnership with Legally India.

In today’s Mint edition, Legally India editor Kian Ganz’s colum demystifies India’s legal market: Despite India’s fairly average legal population density every lawyer here has to make do with only $1.4m of GDP. This, it turns out, is the lowest figure in both developed and developing legal markets. Click here to read the column on this, pseudo lawyers and more.

Please comment below or on Mint with suggestions for future topics or stories worth covering.

Also in today’s Mint: all-new research on salary progression at law firms, as well as how and why law firm salaries have risen so much in the last five years.

X

Latest comments