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Who is the partner and do you have an offer? What does employees being part owner mean?

Anybody who has spent 2.5 yrs with the firm as on march 31, gets share in equity profit pool a % of which is reserved for such professionals. Turns out to be 2-3 months of additional annual bonus on the top of the regular performance bonus. All such bonuses get paid prior to March 31 and nothing is withheld. So to that extent long term employees are part owners.

And did you get an offer and who is the partner?

It’s just a glorified way of providing you a x% share of the profits akin to what JSA does, this in no way makes you a owner in any capacity whatsoever, also dude they don’t have employees all lawyers are On a retainer-ship

Everyone in every law firm except nda is on retainer

What JSA does, this ICUL team covers with their usual annual bonus. On the top of that, long term professionals get a profit share too which balloons the overall bonus number significantly. That’s where the difference lies. Paying these hefty bonus amounts before the end of financial year is also a much better retention technique rather than delaying them till September October as many firms do and which professionals dont take in right spirit.

Lol

They have a financial services ops location in Andheri. Even tier 5 firms don’t go so down market. You can’t compensate that by throwing a little extra at associates.

Its 5-10 mins away from domestic and international airports which makes it a breeze for outstation clients unlike lengthy travels required to far distant offices. Plus point for professionals too staying between bandra and suburbs. Cut short everyone’s travel time and gain better work life balance for them. Pay more than tier 1 on the top of it and more importantly pay TIMELY. So much better from all possible perspectives, isnt it !! And rentals in andheri posh office buildings are way higher than offices in Nariman Point and Fort from where more than half of mumbai law firms (including the likes of SAM) still operate..equal to lower parel too..so chill n let them keep rocking!!

Andheri a downmarket?? - dude you clearly ve no idea whatsoever of mumbai real estate and Andheri’s supreme location benefits. In fact, very large consultancy firms, corporates like JP Morgan, big listed companies and Big4 firms like PwC operate from Nesco and Nirlon at Goregaon (several stations further away from relatively expensive Andheri), which office space costs a bomb too..

lol - those are the back offices and call centres of JP Morgan etc where they pay minimum wage. Goregaon, Andheri, Ghatkopar and Oshiwara are not places which you want to advertise. Unless you are selling back-office low end work or selling second hand furniture. Also SAM's building is one of the most expensive (and iconic) in India after Maker Maxity with rents exceeding 300 Rupees per foot. Oshiwara/Andheri are around 35 Rupees per foot. Goregaon is even cheaper because of supply.

35 sq ft rent in mumbai..hahaha…you seem to have just got up from coma after 2 decades...andheri premium buildings ve 200 plus sq ft carpet..n 300 carpet in nariman pt!!! Smoke good quality weed bro..and JP Morgan and PwC are not back offices in Nirlon and NESCO..their rents are way higher than any nariman point or fort buildings..this has to be the funniest comment on Mumbai’s real estate knowledge one can ever read. Developers will commit suicide. Keep entertaining the audience though :)

Zeros lagane hai to 2-3 aur laga lo. Andheri rents are 20000 per foot - ok? Also, it is the Taj Mahal of office venues? Bas, ab to smile kar do.

Laughing throughout !!! someone started the thread asking how employees get part ownership here. The same was explained. The fact that a new age firm is paying so much since cant be digested by a few ppl like you, leads to absurd argument on real estate pricing. Andheri mein burnol bhi reasonable milta hai..use it soon 🤣

'Burnol bhi' - you seem confused. Real estate sasta hai ya mahenga? Make up your mind. Next you will say capital of India is moving to Andheri and Oshiwara is the new Lutyens...

You need to apply more. Burn seems to be deep and maddening!! Get well soon.

These guys are paying their professionals top notch sums and implementing innovative structures to pay as much as they can..spent a few dozen lakhs on organising a top 16 law firm cricket tournament at iconic MCA BKC last year and doing it again at even larger scale this year and the entire law firm fraternity is looking forward again to participate. And you are hellbound on reducing Andheri’s real estate pricing and quoting 35 rs. sq feet next to Mumbai’s 2 airports…bhai sab theek thaak na !! tumko accha bonus nahi mila then tell your partners no 🤣

Why not in Andheri and only BKC? 😂

I am from ICUL and I confirm this is true.

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