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For the first couple years I think I made significantly less than my law firm peers (given tax structure + the limitations of pay bands etc) but it was corrected in time and in the last year or so I was pretty happy with my pay. Still probably significantly less than a law firm, but it was the best trade-off. I worked roughly 10-7.30 (only a few exceptions), did little to no grunt work, and literally never had a boring day.
Eventually I quit to do my own thing, but look back on the job with lots of appreciation.
Not much to say about my law firm days - pretty bog standard, all nighters, toxic bosses kinda stuff. Most importantly I felt zero connection to the work and environment. It was a good training ground in terms of what never to settle for.
That being said, if you are able to navigate boundaries and keep the relationship balanced, a relationship in law school can end up being one of the best things in your life. You'll have a support system like no other. Since law school brings out the literal worst in you, if your relationship survives that, you know you'll make it in any situation. The most important thing, as in any relationship, is to be a complete person by yourself, and avoid any sort of dependency.
You seem to have completely missed this, Kian. This was released 2 days ago, it seems.
Good place to start and author is everyone's baapu on this issue.
Now, there is constant chatter of US raising the interest rates and the impact/effect that it would have on emerging markets such as India (see ex-RBI gov Subbarao's piece here: https://www.ft.com/content/30652b8d-8aff-444a-a703-fd8582058c69). A downturn in the markets and the economy in terms of credit and its general well-being (besides what is already happening in terms of unemployment and crisis) is a troubling but very real possibility for the times ahead. (recall 2013, here: https://www.thehindu.com/opinion/lead/the-india-of-2013-is-not-the-india-of-1991/article5068745.ece and here: https://www.theguardian.com/business/economics-blog/2013/aug/19/india-financial-crisis-rupee-stock-markets)
I want to understand (since we have all only seen good times): what does this mean for the law firms on the road ahead? How do/will they cope with this downturn? (Is it time to for low hiring? loss of jobs (sorry to bring it up)?) What is it like at a law-firm in an economic downturn of this scale? Is the general doom and gloom of today going to keep on going for the months ahead? What do these large scale changes to the essentials of fiscal policy mean for law firm business?
Assuming you take a year or two off after law school to prepare for CAT or get work experience, and subsequently you go for a 2 year MBA program at the top IIMs, at the age of 26-27 you graduate from the IIM with a top consulting job (say McKinsey, BCG etc.) then you will start with a salary of 24 - 36 lacs.
At 4 years PQE at a law firm, if you become an SA you will be earning approx. 30 lacs.
At 3 years PQE (A3), you will be earning approx. 22-25 lacs.
Also, keep in mind that salaries at IIMs and IITs are generally inflated (https://bit.ly/3gOqAuO). A "40 lacs package at Microsoft" by a top IIT student actually means some 20 lacs of cash at the end of the year. In case of law firms, a 30 lacs package assuming average bonus will pay you at least 25 lacs.
Further, remember that you have lost out on 2 years of salary + paid 25 lacs as course fees during your MBA. So, that's a set back of about 40 lacs even though you are graduating with roughly the same salary.
So, yes - few years after graduation, the ROI of (NLU + top law firm job) is definitely better than ROI of (IIM + top consulting job). If you plan to quit the corporate life within 5-10 years and live a peaceful life - a top law firm job makes more sense.
BUT, the benefits of a top MBA over law will kick in after that. Top equity partners (not including promoter/founding partner level equity) make somewhere in the range of 5-7 crores. Fresh equity partners fall in the range of 2-4 crores. And mind you, this comes after 20 years of PQE.
On the other hand, if you leverage your MBA properly, join the right companies, make the right transitions, you can end up as a CEO after 20 years of PQE. In which case, only the sky/negotiation is the limit in terms of your salary. Plus, the range of career options at your disposable will be too vast as compared to a lawyer.
So, yes an MBA will be more beneficial if you look at a 20-30 year career horizon. The caveats are of course - not everyone who graduates from an IIM becomes a CEO or a millionaire. It is a risk you will have to take. And you will have to keep yourself at the top of your game even into your late 50s.
On the other hand, a law firm job will give you great returns for a decently rich and smooth life. Your career and salary transition will be mostly linear without many big rises or falls.
Thank you so much for taking out the time to reply to my query. I do have a better understanding and clarity of things now. Anxiety can be real and dreadful and I fight with it each day. But no, I will not give up on my dreams before giving it a shot. Someone has rightly mentioned above, don't take a call without trying and failing. I know many of us face this and let me tell all of you, including myself, that it will get better and we will lead a peaceful life. I am happy to know that instead of taking each other down, you all shared your very relevant experiences with me and I genuinely appreciate it.
Sending positive vibes and love to everyone!
My close friend who is a 2018 graduate from a private law school, faced similar anxiety issues, he had to occasionally visit hospitals during internship. He also happens to be a corporate lawyer working in a tier 1 firm. This is his story.
Post completion of law school, despite being aware of his health issues, he wanted to work in corporate law practice. He anticipated the stress in a law firm setup, having had attacks occasionally during internships. Upon graduation, he struggled to score a decent opportunity as all private law students do.
Through rigorous networking an applying, he scored an opportunity with an ex-Trilegal lawyer running his own show. The firm had crazy work hours, till 12 most nights. As is with this anxiety attacks, it came out of nowhere for him (or so we perceive). First six months were fine, but post that he started experiencing issues. He spoke to the partner, health is paramount, and resigned.
Went home for a month. Felt better and decided to have another go at his dream, got in touch with a couple of friends, found opportunity in passion domain, scored an opportunity with a tier-1 firm in Bombay. He had stellar communication skills plus good articulation. He was not upfront during interview about his condition. He disclosed it post closing the job. During last two years, his teammates have been nice and supportive. He has had limited issues and has grown immensely. The job has worked out for him.
As someone in similar situation like you, he is an example of things being possible and you not being discouraged. Don't take a call without trying and failing.
As a person who has seen him grow, he tells me that the things working for him are: (i) time management and 'deep work': this helps him concentrate and get things done with minimum mistakes. He sets the expectations of timeline clear before taking on tasks (often requesting extended timelines), communicates with the senior regularly. He has set a process to ensure deliverables meet expectations and are cleared of his to do list in the shortest timeline. (ii) he spends two hours each week in looking back at his work, organising files, taking notes of his mistakes and ideas. The nature of his work being repetitive, he has developed models that now give him perfect perspective and road map to deal with future workload. (iii) he spends considerable time finding productivity hacks, automation tools, and mostly reading up everything under the sun on his practice areas.
He is a victim of staffing, and has seen his share of inconsiderate teams. His process in (i) above has helped him immensely to manage timelines.
To be honest, I have improved 1000x in my job because of him. This is a tribute post and I am going to send this to him.
I have seen the healthiest struggle at firms. Or join a small Tier 3 Office-where you make terms clear; there also they will make you work, hours are long- but pressure is less-pay is also less.
Have seen law school toppers (overall) leaving firms to take up less stressful jobs. If anyone is telling a Tier 1/2 job isn't stressful. They are either lying or haven't worked at one. The first 10 years are really stressful. Even if you make a partner your hours may get reduced, but not the stress and accountability.
A. Background
1. I took a break to spend sometime with my folks with the intention to rejoin the same law firm after a few months.
2. I hadn't quit the firm and worked remotely. After few months, I decided to quit and completed the handover.
3. I stayed home longer than I expected and realized that a majority of successful people, including people practicing law don't necessarily work in law firms. Similarly, a large majority of population works in unorganized/ unstructured setup and lead a fulfilling life. Thus, began exploring my options, if I wanted to continue living with my parents in a Tier II town.
B. Before you decide to come back:
1. Must have a mortgage free home in your hometown. If not, hang in there for a couple of years and buy an apartment/ piece of land, which should not cost you more than Rs. 55 lakhs in a small city. Having your own office is an advantage (even a single room in your home should be good enough);
2. Stay mortgage free and keep enough money in your bank account to buy health insurance and car insurance for next 5 years; and some money to afford a meal when you step out with your new found friend circle;
3. I assume you stay in a district, which has a district court and not merely an outlying court;
B.Vocation;
4. Outsourced corporate advisory work is possible, but litigation is the traditional route and easy to set up. I am not suggesting that rendering services remotely is a bad idea, but I am not the best person to comment;
5. Litigation will keep you connected with the cream of the town and open doors for networking and business opportunities, as opposed to remotely rendering corporate law services. Rendering corporate services remotely may have scaling up challenges in the long run, but you never know, when you may hit the jackpot in terms of revenue inflows (as is the case with all other businesses). In litigation, scaling up is not a necessity, if you decide to practice a niche area or do limited matters as you grow older. This is the biggest difference between corporate and litigation practice. In corporate, you need to keep growing in terms of size and revenue.
6. If you wish to rely upon local clientele - people in small cities, including those having businesses don't need a full time corporate lawyer, but need an astute litigator, who understands how basic criminal law, partnership, labour law, contract and succession law works. Paying special attention to local land and revenue law helps. Your knowledge of corporate law helps in visualizing their business arrangements.
7. Drop your inhibitions with litigation (of not having practiced before) and Hindi documentation. It can be easily overcome and it will start coming to you naturally after a few months.
8. Even in small towns, good lawyers make a decent amount of money. Don't compare their average monthly income (from legal practice :-)) with that of a law firm AP salary, because, they live in their own house, large part of their fees is in cash and because you forgot to discount the actual bonus pay out in a law firm. Cost of living between the two cities may be factored in as well.
9. A lawyer whether in a small city or a metro and irrespective of the practice area would remain occupied throughout the day, as there is sufficient work for every one market. If you are sincere, work will keep coming in. The number of cases filed by an average lawyer and the best in town are almost similar, but the difference between the two is their client and fees paid by the client for the same work.
10. Law firm teaches you to be organised, professional, diligent and service oriented. Problem with small town is, big shots don't give audience (not returning phone calls is a common problem) and are stuck with feudal era idea of a client-attorney relationship - don't give too much information, but keep assuring success. This is the pain point you need to address - remain available for the client, meet the deadlines and be a man/ woman of impeccable integrity.
11. You will not get interim relief in 8 out of 10 case in your first year, but the graph gets better with time, after judge starts seeing you regularly appear in his/ her court and sees you as a diligent hard working lawyer. Don't loose patience and don't antagonize the judge or his staff. Litigators don't shout and dramatize - they are precise and persuasive.
12. Remain humble and stop gossiping. Client will come to you for your legal knowledge, but will stick with you, even if you don't get orders all the time, if he sees you to as a humble and honest professional.
13. Chase money, but don't say no to work even if you get paid mere filing expenses. More work means more appearance, More appearances mean better face value in court.
14. Build a team, so that you can expand your practice areas, deliver on time and take on more work. Having a team of your own would also help you confine yourself to stay and final argument matters and you can focus on managing office and client relationships.
15. If you have more than 3 years of work experience, don't join a senior's chamber, else you will get branded as a junior and will find it difficult to charge fees. Taking on their drafting work is fine. Once you get a brief, argue it yourself, unless you are in a tribunal or HC and the client has instructed you to brief a senior. People in small town judge you for engaging an arguing counsel. Network with senior lawyers and request them to send the work outside their practice area your way. Ask your law firm friends to refer you local matters.
16. All districts have consumer and labour courts. Ask corporates to engage you as their counsel.
17. Avoid political affiliation or activism, atleast till you make it big. Representing a political party or activist as a professional is perfectly acceptable.
18. Don't say no to corporate work, unless time management becomes as issue. Please refer to point 14 above.
As it turns out, I wrote more than just my experience, but my earnest piece of advice too :-).
Youβre clearly doing PR for NLS here while acting like youβre from JGLS. Your sympathy towards NLS, β has the best faculty in India along with NLSIU post-Sudhirβ and making bizarre claims with no or negligible insider info from JGLS clearly indicates which university from.
Can NLU students please stop acting like Jindal Students on LI? And can other NLU students start using their brain and notice that this guy is clearly trying to push his university forward? Stop fighting for fuckβs sake.
The kid in the OP has clearly done his due diligence and has made a decision. He doesnβt need advice from anonymous strangers who donβt want him to go to JGLS. Even if he decides to not go to JGLS, he wouldnβt want the basis of the same to be some comments from backbenchers who think measuring dicks in LI comment thread will take their university up in the rankings.
Please stick to his question.
The 4th and 5th persons' petition will always be placed before the single judge hearing original matters. This single judge may then refer the petitions to DB for the sake of proprietary and convience.
The single judge could've also heard the matter and decide on merits herself if she thought WP4 and WP5 were not similar enough to the appeals pending before DB.
Read your HC's Rules, they will all say something similar in legalese.
Okay, so, to answer the OP scholarship depends on a lot of factor- 1) Are you a female student? 2) Are you a Haryana domicile? 3) Severe Circumstances like death of a parent or belonging to a BPL family. In all these cases you can get a 100% scholarship. If itβs the 3rd case for you, I suggest you approach and involve IDIA for a smoother process for you.
If itβs not any of the aforementioned cases in your case, the highest scholarship you can get is 75% but my best guess at your percentile would be a 50% scholarship. From what i know scholarship standards have increased lately. Back in 2017, you wouldβve got a 50% scholarship at anything above 93-94 but now with LSAT becoming more competitive lately, getting scholarships has become extremely tough. You need have a really high percentile to get a scholarship. Which is why in my opinion, you wonβt get a 75% scholarship but 50% seems like a probability.
But on a different note, just so you donβt get discouraged, there are multiple opportunities for getting scholarships on campus. Youβll find a lot of students who are on 2-3 different scholarships. You can refer to this post by the JGU page about this student who is on 3 different scholarships (https://www.instagram.com/p/CNH194Vg-at/?utm_medium=copy_link)
Best of luck
He replaces founding Vice-Chancellor of the University, Prof Balraj Chouhan at the helm.
Prof Nagraj began his career as a Lecturer at Havanur College of Law, Bangalore in 1989. Three years later, he was appointed Assistant Professor of Law at NLSIU, and became Associate Professor of Law in 1997. He became Additional Professor of Law in 2000 and Professor of Law in 2006.
He was a Research Scholar at Vanderbilt Law School, USA in 1994 and at Warwick University, UK in 1997.
He served as Registrar at NLSIU from 2008 to 2013 and was later appointed as Vice-Chancellor of NLU Odisha, where he worked for one year before moving back to teach at NLSIU.[img]https://images.app.goo.gl/MU4WPk4GGQ3iNyRr8[/img]
The reasoning behind my decision to pursue the Charter was three-fold.
1. There is an abundance of corp lawyers in the market at present.The amount of naive freshers I see applying to
my Tier 1 firm that dream of breaking into Big Law is increasing YoY at a staggering rate. The easiest path that I
saw for myself to maintain relevancy and remain afloat in this sea of legal talent, is to nurture a deep
understanding of Industry functions.
2. I work in a practice area closely associated with core corp finance. After listening to your legal jargon, when the
reps of clients are discussing the industry risks faced, and implied opportunities available for the business side of
things, being able to offer a cogent observation carries one far in the eyes of the client.Clients trust me far more today, and my relationships are deeper with them due to them trusting my financial acumen and not just my
legal experience.
3. The last reason is quite simple. OPTIONALITY.
Corp Laywers miss the big picture to focus on the minute details. That's our job after all.
But, if you go down the CFA Path, you will encounter the mental model of optionality used by Financial Analysts
in multiple subjects and chapters.
What we forget in this race is that the world is bigger, far more interesting, far more creative, and far more
lucrative than the embarrassingly small world of a tiny number of respectable law firms in our fledgling country.
Ask yourself, if you were not an individual and rather were a business entity, would it be wise for the biz to
depend entirely on one potential source of revenue?
Market conditions will change, maybe AI replaces us, maybe not (most probably not). Maybe you hate the firm
life down the road. Maybe you want to make decisions and not do the paperwork for the decisions.
What then? No options left but to continue due to sunk cost in your career and no other marketable skills.
CFA will be an extremely arduous undertaking if you wish to study while working at a Tier - 1 like me. My dreams keep me awake - Build some capital here. Finish L3 by then. Get the Charter. Write the GMAT/GRE to get that MBA. Use my diverse experience to build my own niche and offer more to the industry than my peers. There is no question that this will be rewarded for there aren't many that can offer the same.
Hope this perspective helps you.
βAccompany him to meet clients and other advocates during the entire 5 years. Travel with him. Meet them, make friends and give an impression that you are competent as your father. Like, take the active role. Don't be just his 'Junior'.β
Do this carefully without treading on the toes of either other juniors in the office or on the toes of other advocates who may come to your father for any work. Fine line to be drawn, but it helps. It is one thing to be a little overconfident with some clients (I say overconfident because no matter how competent, you do not have your fathers experience yet, so there will always be something for your to learn and develop more): but other advocates, as well as βserialβ seasoned clients, especially those who have worked with your father for several years, will spot the overconfidence especially if it is not backed by substance. You want to give them the impression at the beginning at least that you are learning and soaking in as much as you can, as well, and gradually come into your own over time.
Think of the 3 - 5 year period not as simply a waiting period: but you also want to learn and develop relationships and show, after 5 years, that you do deserve to inherit the practice too. Maintain good relationships and do not be brash with them. Do not boast about your fatherβs successes and practice as if it is already your own.
In other words: be as confident as possible - no doubt - but also keep backing that confidence up with substance. If you are caught out as being based only on bluster and air, it will be all the more difficult to get back on track.
It depends on what kind of a practice your father has. Was he making good money etc. Also on your situation - are you already having a good job.
Think whether is it worth to leave your present situation (whatever it is) to join your father practice. Only if you feel it's totally worth, leave. Otherwise your father would be able to give the practice and legacy to his other juniors-and make some money for his retirement through that way.
If you want to inherit his practice keep a few things in mind.
Accompany him to meet clients and other advocates during the entire 5 years. Travel with him. Meet them, make friends and give an impression that you are competent as your father. Like, take the active role. Don't be just his 'Junior'.
Otherwise yours fathers clients will no longer give work to you. Also over the time you must have a control over his practice.
If you want to really benefit from your father's practice. It will take 3 to 5 years.
1. This is the most important reason in the list - Homes were out safe places. Our homes were places where we could return to every day after the drudgery of a working day to relax and spend time with family, friends and other loved ones. That's gone thanks to WFH. WFH also means that you are encroaching on your family members space where they could do as they pleased at THEIR homes. Every time you have to take a conference call now, the whole family has to make sure that there are no loud noises, people can't talk normally within their own houses. Law firms please recognise you have 'encroached' people's houses so that your business can continue.
2. There was an implied agreement when we signed our retainer agreements. That the Firm would provide a safe working environment and a functional office with necessary infrastructure, which you could utilize to optimize our work. WFH turned that around. Now we are forced to work from home, with limited resources and are expected to have the same level (if not more) of output/ quality.
3. None of the law firms declared as to how long would WFH would continue. It was just indefinite and one could be called back any time. Unlike some big tech companies such as Google, etc. which up front declared that WFH would be effective till June, 2021, etc. The end result is that lawyers are still paying rent for rented accommodation in their city of work while they are actually not staying in such rented accommodation and are working from their home town. Lawyers could have saved lakhs of money!
4. No relaxation of targets, while bonuses and increments were either suspended, delayed or entirely denied. Is that fair?
5. No policy to govern WFH peculiarities. The partner and other seniors feel free to call at odd hours to give more and more work. Is that not harassment?
6. Expenses related to WFH (this is to some degree connected to 2 above). WFH from meant extra expenses for lawyers. Hi speed WiFi at home (because those dongles provided by firms are shit), furniture, laptop stands, accessories, second screens, etc etc. All of these add up to extra costs. Has any law firm offered any allowance/ reimbursement for these expenses?
7. WE ARE LIVING THROUGH A PANDEMIC. It's in caps for all those people who tend to forget. Mental health has been affected drastically. People have lost loved ones and are suffering from grief. Medical expenses have gone up. There's uncertainty about the future. People are afraid of who else might get infected and who they may lose. There are not enough vaccines out there. The state absolved itself of all responsibility during the second wave. And yet lawyers are supposed to work through all this and act like every thing is normal.
Note : Before any smart aleck responds by saying "what's stopping you from coming back to office", I'd like to say this. I should not be made to compromise my safety for livelihood. I should not have to make a choice between being at danger of contracting a deadly virus by coming to work daily and letting my work from home affect my mental health and slowly kill me. That's a choice between a risk of dying and killing yourself slowly. That's not realy a choice.
And to anybody who is thinking "then don't work in a law firm na" - yes I could stop working in a law firm and the law firm could easily find a replacement for me. No, I don't want to leave a law firm. I don't want to be unemployed in a pandemic. All I want is for law firms to recognise the hardships we are all going through and maybe appreciate that we've gone beyond the norm to work for them to ensure THEIR profits and normal operations. Without us, they would not have made the money they did. Know this, while lawyers would be able to somehow manage without law firms, law firms can never manage without lawyers. The lawyers enabled WFH, not firms, while making so many sacrifices with no extra motivation. Gratitude from the law firms would not be misplaced.
I really hope law firms' management reads this honestly and not pass this off as another rant on Legally India. Stay safe and healthy y'all.
Please mention your PQE and whether you are taking therapy right now.
Source: https://www.symlaw.ac.in/admission-process
The costs given below are approximate. YMMV.
Accomodation:
There are no hostels at SLS Pune.
You'll be living in Viman Nagar which is a pretty upscale area
It will cost you around 5-7k for PG and 12-15k for flats.
Flat costs can be brought down by roommates.
Food:
There are alot of homemade food mess in VN area for 3-4k.
Entertainment:
You'll go to a private school and not have any fun?
Assume 4-5k extra p.m. for entertainment.
15-20k for one month.
360k + 240k = 6 lakh p.a. (again, YMMV)
More information here - overseas qualified lawyers are exempt from the training requirements and only have to pass the exams: https://www.sra.org.uk/solicitors/qualified-lawyers/qualified-lawyers/
@2: Makes no sense - the process has always been harder for overseas lawyers under the QLTS process. Domestic lawyers have to do their LPC and training contract. LPC exams are difficult but not as expansive or stressful as the QLTS. Overseas lawyers have to do the QLTS process (even if they're trainees at a UK firm). The SQE is actually making it harder for domestic UK students, because they now have to go through the same process.
@3: That was the case under the QLTS regime as well. Don't know how that makes it tougher.
@1: This does not impact employability at all. This is just a change in the examination system for qualifying as a solicitor in England and Wales.
Your skill set and its transferability, your academic credentials and Indian work experience will matter. Your interviews will matter. Most importantly, UK firms have major regulatory headaches with respect to hiring candidates from outside the UK, including sponsoring your visa. That is the primary reason for the limited Indian pool at firms there. Only the big US firms and Magic Circle firms are willing to sponsor candidates.
1. CAM - LinkedIn page - Pride coloured DP; One LinkedIn post with quote- βWe stand with prideβ
Celebrating 3 core principles- inclusivity, diversity and equal rights.
2. SAM - LinkedIn page- Pride coloured DP with caption in DP βcelebrating pride in diversityβ
Instagram - Dedicated page on celebrating Diversity(seems they will have more upcoming posts)
Shared a Spotify #pride playlist on Instagram
LinkedIn & Insta - video compilation of messages from employees showing solidarity
3. Khaitan & Co. - LinkedIn Dp with a caption- #MatterOfPride
4. Luthra & Luthra - Nothing available publicly on LinkedIn
5. Trilegal - Coloured line in LinkedIn DP
6. JSA - Nothing available publicly on LinkedIn
7. AZB - Nothing available publicly on LinkedIn
8. Indus - LinkedIn DP change with colour pride background
Video of a partner discussing Diversity as part of WILDialogs (seems to be diversity initiative of Indus) but on a different LinkedIn page
Till now, SAM seems to have been the most vocal about Pride month. If we have missed out any other firmsβ initiatives regarding Pride month which you believe needs to be highlighted, please let know in the comments.
(i) Roles in marketing or product management are other post-MBA top picks (assuming you have an interest + are able to gain relevant experience during MBA through internships and projects).
(ii) Apart from MBA, consider experimenting with in-house work. Growth stage companies in new age sectors are exciting for lawyers as they operate in regulatory grey areas. They are also willing to pay tier-1 firm level (or more) salaries to the right talent, and have proactive involvement of legal teams in day-to-day operations. Write compelling cold emails to the founders/ legal heads, and chances of getting a response are higher than (iii) below.
(iii) Going in-house with companies in traditional markets (such as real estate, banking, heavy industries) is another option, but the pay will be lesser compared to (ii), and the work is likely to be laidback.
(iv) Pursuing a career in policy. If you work in regulatory/ litigation practice then can move in-house in policy teams (especially with companies in (ii)), or work with think tanks.
If you are looking at MBA only as a move away from law, i'd suggest you think through the long-term goal before diving into the degree. Be very sure of what you want out of the MBA so that you opt for the right electives, clubs, internships, exchange, and alumni networks. Going blind into the course will disable you from getting most out of it, and will pretty much leave you exactly where you started (except with a piece of paper as a degree).
1. Everything should be merit based is a fallacious capitalist concept from the 18th century. Why? Cause not everyone is born equal. You're no better than the child of your maid. it's just that you were born with socio economic privileges that she wasn't, and this inequality will only gradually increase, putting you at a chronic advantage over her- read about the principle of Cumulative Advantage by Robert Merton to understand this better. Therefore to measure her against the same yardsticks as you would be a social, economic and mathematical anomaly and grossly unfair on her, since you had access to socio economic resources/ privileges that she simply didn't.
2. Non-reservation hence is the ultimate destination, since a society where reservation isn't needed, is also one where everyone is born with the same socio economic resources. Hence to do away with reservation, we need to eliminate the necessity for reservation (i.e. socio economic differenes). The fact that privileged kids (the author, in context of the socio economic realities in India) lack the clarity and empathy to realize this, and quite happy to enjoy his own privileges at the cost of others, show that we're far from there.
Not a JGLS student. Not a NLU student either. But Iβve followed this entire fiasco. This was really not needed.
It started with tweets from primarily two people I have the screenshots but I donβt i think I should mention the usernames for privacy. One of those two people was a 14 year old anti caste activist who tweeted, β Never understood how kids from Ashoka and Jindal mention their colleges with so much pride. Like please keep that shit to yourself it's embarrassingβ which was out of nowhere. Then came another tweet or comment from a law student on jindal kidβs og tweet which was related to the ongoing cancellation of exams, which went like βthey really do argue about the lack of merit while sitting in Jindal. If u are in a private university, work with the assumption that u have no meritβ.
This was replied by Jindal kid and her tweets triggered a huge uproar. Two of her tweets went like this, βSorry I was born to two people who could afford decent education for their child and didnβt want me to spend my 20s from the ragging and harassment going on in govt collegesβ and then βMy LSAT score was 98.9 and I came in the top 500 rank of AILET. Iβve been a straight A student and topper all my life, with a CV that doesnβt have the word βparticipationβ in it. I cleared 30 great college entrances across the country and Jindal gave me a free ride. But pls go on.β
The tweets jindal students went viral and she started beefing with 3-4 NLU kids who replied to the comment. She further posted her AILET and CLAT results to prove her point and merit. And this attempt of her trying to prove her ranks was trolled heavily. This trolling soon turned into bullying when some kids made sexual slurs amongst other kind of objectionable comments against her. When this started some jgls kids came to her defence and this incited more NLU students to join forces. Subsequently Jindal and its students were targeted.
My opinion hereon:-
JGLS studentβs tweet might be problematic but whatβs more problematic is the tweet that she replied to. βthey really do argue about the lack of merit while sitting in Jindal. If u are in a private university, work with the assumption that u have no meritββ this is the real problem. This kind of ideology and superiority complex is extremely problematic. Students from private colleges are beating government colleges in jobs that are acquired through merit, moots, debates and what not. As pointed out by OP getting into an NLU is a cakewalk thanks to NRI reservations. Universities like Symbiosis, Nirma and NMIMS are consistently ranked above most of your government NLUs and are performing everywhere.
1. Moral policing, definitely. In a system where your elevation is an entirely opaque process driven by opinions held by 60-65 year old men, you will have to inevitably comply with their norms and morals if you want to be in their good books. It may matter a little less if you are okay with retiring as an Addl. District Judge or District Judge. Those promotions are more time-based.
2. How many years of such scrutiny? Your entire career. And the scrutiny does not just come from your seniors, but also your colleagues and lawyers. You post too many #TravelLust photos and the next thing you know someone will move corruption allegations against you. It will take you at least 5 years to prove yourself innocent if departmental proceedings are moved against you.
3. IB Check: For our previous generation, who are currently getting elevated, they did not have a digital life except for the past 10-12 years with the advent of smartphones. Your parents may have done a lot of compromising things in their teenage/younger life which you will never know about because there no proof. For our generation, whose entire life has been digital since childhood, it will get tricky. For god's sake, your every move right from your browsing history to porn searches to every message you've ever written to anyone on Facebook - the digital footprint of that exists. You can try deleting (I have) but it's nearly impossible to completely wipe clean your digital footprint. I just hope that by the time our elevations come up, either the "right to be forgotten" has become a thing in India or the society has become so liberal it doesn't care what its judges do in their personal lives.
But yes, overall it is always advisable to start caring about your digital privacy from right on - the earlier, the better. You can check out this channel if you are interested in that: https://www.youtube.com/channel/UCs6KfncB4OV6Vug4o_bzijg
So while the exact protocols will differ from state to state and even office to office, the broad idea is you have to act like a responsible judge all the time. No fooling around with lawyers in your court, meeting them after work except in an official and transparent setting, or any person/businessman/official which can create a conflict of interest.
Also, "upholding the integrity the court" has also come to mean "abiding by Indian public's moral standards". So, no partying, drinking in public places, moving around in shorts or public display of affection. I know an Addl. District Judge who did not get promoted because he kisses his wife in public.
With respect to social media, there is no absolutely ban (at least in my office and state - West Bengal). But there are too many restrictions which make it not worth it - you can express opinion (includes likes, comments, subscribe) on any public issue or private matter which may come to you for adjudication. Even if one of the parties or lawyer is your Facebook 'friend', the opposing party can move a petition for you to be recused from the case as you have a potential 'conflict'. You can post your own pictures but don't post barebody gym photos, your overweight and unhealthy seniors in the HC and SC may not like it and hence, may not promote you (they won't cite that as the reason, of course but the selection process is too opaque for you to ever figure out why you did not get elevated).
Additionally, if you are being considered for the High Court, there will be IB background checks on you. Your past digital history and activity will be searched. So, anything compromising - including messages on Facebook and Instagram are a strict no no. Your calls and messages are tracked as well. Use Signal or at least WhatsApp for your communication and do not retain chat histories if you type things like "Please get me some maal".
One common workaround that most of us follow for social media is having a pseudonym or a fake profile. Just that may not help with IB checks since it is your device will be tracked.
For example, Social Media Restrictions and the rule that they can't talk to the media. And also that they can't go for any public events.
Is true or just hearsay?
Are there any written rules? What are the penalties if a judge doesn't observe any of these?
What are the most common restrictions. Can anyone throw some light over it?
For example, Can a sitting judge have a YouTube channel or Facebook Account?
I just want to take a moment here to say that all of you who are contemplating how many years to 'complete freedom' and other stuff like that - life isn't black and white. Retirement isn't a promised land where everything in life is rosy and great. In between you have 15-20 years (optimistically) in which a majority of major life milestones will lie - love, death and self-development. You can't reverse what happens in those 15-20 years after you 'retire'. If you consider your life as a WIP project, do you want to write only 1 chapter (work) out of 10?
If you are (a) young, (b) aren't in danger of being out on the streets (c) and think you have marketable skills even if you don't know how yet, spend your available time and energy into figuring things out. Employment is a drug to dull your instincts. It's a bit like Huxley's Brave New World. Identifying the deficiencies of your mental constructs, which are primarily peer-ingrained, is the first step.
In case of an Indian MBA, your investment-return ratio will only work out if you end up working in Tier 1 cities (Mumbai, Bangalore, Delhi etc). In case of foreign MBAs, the same will only work out if you work abroad. That said the effort required for CAT and GMAT is comparatively less if you have good analytical skills. People crack it with 3-6 months of prep, while UPSC takes 1-2 years at minimum. Two NUJS grads this year got into Wharton and IIM-Calcutta - you can check out their profiles.
If you rule out MBA and UPSC, then your best options are:
1. Start up: It can be anything you are good at including law. Litigation is not the only alternative to law firms. You can specialize in creating a start-up incubator where you advise people traverse the legalities of starting a company or raising funds. It can an application/software that streamlines some work/processes at law firms (you have worked for 4 years, you know the redundancies). You need not know how to code to make an application. You just need to hire a person for 2-3 months. Something as simple as an app to generate stamp duty matrixes, for example? That will save law firms hours and earn you lakhs.
2. Academia: Get an LLM (you can get one in India unless you have saved a lot of money). Become a part-time faculty at any law college in your city (you don't need NET or PhD to be part time faculty). Will earn you a decent 60k-100k depending on the institution. Enough to sustain your regular expenses and not eat into your savings. You will end up taking 2 hours of classes per day. Assuming preparation time, you will work for 4 hours in a day, 20 hours in a week. Then use your rest of the day and weekends to do something you absolutely love without having to worry about money. Can be starting a nursery and selling plants or theatre or learning to code or building websites or selective litigation (pro-bono human rights lawyering). You can anyone you want to be once you don't have to worry about the money.
You have at least 40-50 years of active life ahead of you. Don't restrict yourself to one single profession, vocation or identity. Earlier generations did that because life expectancy was 40 back then. You could only do one career in life. Now, almost all of us will end up changing careers at least 3-4 times by the end of the century.
If you have some time, watch this video: https://www.youtube.com/watch?v=YIyjkkUk80w
It's one hour long but it's worth it.
For someone who is retiring early, the retirement duration will be much longer. You have also assumed a real return of 4% (Portfolio return - Inflation). It is commonly known that India underreports inflation data. Even if the numbers were true, specific expense items like education and healthcare typically see a much higher inflation. So a 4% real return may not be very likely.
Secondly, the x in 25x is your annual expenses at the time of retirement. But some exceptions aside, everyone desires relatively higher comfort as they get older. I may be able to backpack and live in hostels at 35, but may not be as enthusiastic about that proposal at 50. I may not have kids today, but will also need to bring them along to said resort in 2035. So we should assume that our annual expenses will also grow - and not just on account of retail inflation but also on account of lifestyle inflation.
Going forward, and assuming one has to pay for kids' education etc, a 25x corpus may not be enough. I am a firm believer in the 40x corpus in cases where you foresee no gainful employment post retirment and plan to live off your investments. That said, to each their own. I am a stranger ranting on an internet forum. This is clearly not financial advice.
Sorry, no one responded to you on this. Iβve interviewed many people over the years and noticed some trends of how they are conducted both from colleagues at my level and senior, so happy to give my two cents.
- I donβt know how other firms do it but in my firm (tier 1) usually the first round is with Partner(s) and second round with Senior Partner of the team. I guess firms that have HR take care of the second round
- itβs important to focus on the first round, as second round is mostly a formality and BS, both HR/senior Partners interview on soft skills only, and rely completely on initial interview feedback from their team partners/SAs whoever interviewed you
- while one canβt predict, but if someone is professional, they will ask you questions on your CV as technically thatβs what youβre supposed to know, so be sure you know that and donβt try to inflate your experience. One usually gets caught on this, and itβs a hole difficult to drag yourself out from if the interviewer gets stuck on a point. In my view, it looks bad if someone doesnβt know their CV, or if youβre a fresher, you canβt talk about what all the million articles youβve listed on your CV were about. So brush up on that
- if above happens to you - endless black hole that is, donβt worry, itβs important to just keep calm under pressure. Iβve noticed most people get so nervous knowing that they are going in the wrong direction and frankly interviewers sometimes are rude / love to ask questions they themselves donβt know answers to (topic for another day) which adds to the pressure, they they kind of collapse and the interview is ruined from there. This happened to me many years back when I was interviewing and Iβm killing it now, so donβt beat yourself up about it. Itβs better to answer what you know, try to develop your train of thought that while I havenβt dealt with those aspects, if youβd like I can walk you through how Iβd approach it .. etc etc. if you donβt know something at all, just say you donβt know
- itβs always cool to know whatβs latest in your practice area / if youβre a fresher updates in respect of the topics you dealt with while interning / stuff you wrote. People like it and you can just drop it off in the end to close your point
- A common mistake is people naming clients, details of transactions, people donβt like that as it shows immaturity especially if youβre interviewing for a senior position. Use pseudonyms or say I can talk about details that are publicly available if it was a deal, and what my role was etc
- if someone is constantly asking questions outside your CV, you canβt do much, politely say itβs not part of my experience so far, try to answer what you can. You shouldnβt want to work with an idiot like that anyway
- donβt bitch about your previous firm / boss. Honestly you need to know, all Indian law firms are cliques. They love to hear bad things about other firms, but they also know they do that same shit themselves, so theyβd imagine you doing the same with them and negate you as not being a βteam playerβ or similar nonsense. Political views, etc best avoided. I donβt want to get into a debate of whether this is right or not, itβs just the truth of how to game this system. Donβt expect nuance and understanding etc.
- So first round likely to be quite technical, second one will be whatever goes
- if work life balance is important to you, by all means ask those questions to be more aware about the team, and I assure you if you ask too many questions in that area, youβre unlikely to get a call back. No one works in Indian law firms to have a balanced life
Best of luck!
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All the interested participants can join the same & critically engage in a civilised manner. NUJS has explicitly said it to be a legal discussion and not political.
Of course blanket illogical/irrational beliefs should not be given the highest platform. But if someone uses logic and rationality to argue the abovesaid points they shouldn't be cancelled. There is an unnecessary amount of "gotcha" everytime something that doesn't conform to the left-liberal viewpoint is said. It is unfortunate that those who wield the most social capital are rigidly left-liberal and then do ALL THEY CAN to exclude such view points because they are "problematic" etc etc.
That said, this conversation has hardly anything to do with the identity of any person. I'm sure associates in most teams, in most firms are facing these issues. An honest conversation with the partner isn't really the solution. Even partners are merely PAs to the Managing Partner. This has to be a wider conversation on law firm culture. Panel discussions among MPs, @Kian?
I have been working for 10 years in tier one firms and I have only 30L in savings. Not proud of where I spent it all. In a way, don't regret it either. 20s was when I could have had most fun with money, and I did. I have zero debt though- no housing loan, no car loan. Even now, I am not inclined to save because I don't have an end goal. There are months I still live paycheck to paycheck (cos that 30l is not exactly liquid).
I know that as a professional, I can quit the law firm life anytime and still earn a living. May be my standard of living will drop. That's fine; I had hit that rock bottom in law school anyway, with zero pocket money to spend on discretionary stuff.
If ever I get rich, I will probably give it all away in any case. Right now I'm spending it all away, which has also the same effect, in a manner of speaking.
Savings is overrated. Live the life you want, without hurting anyone. Obviously, I'm going to look stupid in my 60s, when everyone else happily retires and I will still be struggling to make my ends meet.
'Communists' you refer to are 'far left' defined by a single party left system. Only thing beyond them on this spectrum, is 'revolutionary left' and/or 'militant left' (think Naxals). Again, with the latter you would do well keep in mind the adage - one man's militant is another's....
Finally, a lot of the right is also scattered across the spectrum. There is the 'economic right' (think Adam Smith), or the 'religious right' (think VHP). Then, there has always been an amalgam of this which comes in as the 'nationalistic right' - gathers support by aligning money and fervour (generally against any one 'other').
Incidentally, both the 'nationalistic right' and 'single party left' ate similar - centralising, ham-fisted, rhetorical.
Therefore, people like me (left of centre waala left liberal crowd) are against both - China ka communism, and Hitler ka fascism. I do not want either. However, I am willing to live with my law firm friend's ka 'economic right' while arguing for a better deal for those less fortunate than us. Humein Adani, Ambani, Jindal ki oxygen se issue nahin hai, but unki monopolising tendencies se hai which stand on crony capitalism.
Left right bahut deep hai. Yeh aapko Arnab nahin samjha payega, aur na main. Aap apna chilaana jaari rahein.
Moreover it is not an objective three front choice but an entire spectrum to choose from. Socially, I am a liberal leaning towards right. And I have shifted towards right from left when I realise how left contradicts free speech itself. People need to know that two contradicting ideologies are extremely essential for a society. As per John Rawlsβ harm theory, free speech must be curbed only when it incurs direct (or maybe indirect too) harm to an individual. But let people speak? The thing is that when you say institutions must not have any rw society, you are polarising views towards a single ideology. When a single ideology, be it left or right, exists in any closed space, we have witnessed what happens in regards to Hitler, lenin and stalin. Contradicting ideology, no matter how harsh it is, must exist in order to create a balance. If an institution is full of left wingers and the authority becomes autocratic, who is gonna criticise it? Criticism brings about changes.
Plus if you are really sure about where you stand politically, don't let a bunch of college kids ruin your commitment to your ideals.
1. Don't hesitate to ask around for work. Check LinkedIn to see who works in what practice area and shoot them an email requesting for work. Compared to working from office, this may offer you more flexibility in choosing what work to do. If an associate doesn't have work to delegate, they may refer a colleague.
2. Ask for feedback. I'm always happy to get on a call with an intern or email them with feedback if I have the time. Some associates may not want to, but there's no harm in asking.
3. Speak to HR. You can always call up HR and tell them you do not have any work assigned to you at the moment. Depending on the firm, HR may proactively find you some work to do.
4. Speak to a partner. This one's a bit tricky, because no partner wants to be flooded by intern emails. However, if you've been working steadily on a few matters, or have past experience in the firm, or you're two vodkas down and feeling very brave, emailing a partner clearly (yet briefly) stating your work preferences and offering assistance may just work. Worst case scenario you get a very angry phone call, but that's going to be every day working as an associate, so may as well prepare for it :)
If you are thinking about Money, Luxury Offices & Cars , then judicial services is not something which you will like. You will get 80K month + Facilities as a fresher. Over the years it can increase to Rs. 150K - 250K per month. Secure life, Assured Salaries & Stress Free Job.
Being from Top 5 NLU's doesn't always mean you can do the T1/2 Law Firm work-taking the responsibility and work pressure and of course long working hours. Judicial Services is good if you want a stress free (it's almost the opposite of a career in a law firm/ even an in house counsel) , guaranteed income till 60's.
You can retire as a Principle District Judge or as a High Court Judge (chances are less) max.
Your peers at law firms start as freshers with almost the same salary. But the difference is, thier salary will/may multiply 10 to 20 times over the course of a few years. Even you Litigating Friends (from Top 5 NLU's) may make upto a crore more than you, while appearing in the same court room where you are preciding.
There are Judge's who sit till night, hear a lot of cases. But it's your option. If you want to sit from 10 to 5, it's upto you. As long as you don't do any - totally illegal stuff chances of you getting suspended/dismissed from judicial services is zero.
Want to take a day off, or less cases per day. No questions asked. Do the same in a law firm, and you will be on the street.
In a Law Firm, you will be having sophisticated work/clients and super smart competitive colleagues with Foreign LLM's. In a Trial Court you are going to work with common people (from every walks of life) Your colleagues will almost never be from a Top 5 NLU. Also, You can't use your stylish Law School English in a Trial Court. You will have to learn the local language- to read and write.
Also there is no common judicial services in India. The working conditions also varies from state to state-everything. Even salary can vary from state to state (from 50K to 100K as a fresher)
So far, Delhi is the most lucrative lower judicial services, even attempted by Top NLU folks.
A senior designation doesn't impact so much, the lawyers are generally also earning around the same figure otherwise. The figure can vary - I know seniors who charge 1L appearance/case (depending on affordability of litigant and kind of matter) and the highest I've heard someone charge is roundabout 3.5L appearance/case (the senior-most designated senior).
Since NOIDA falls under Alld HC's jurisdiction, it is the main money pot for civil-commercial lawyers. Most real estate cases come from there. Apart from that I think it is mostly service matters that are done frequently. There's also an NCLT Bench here, so companies either engage arguing counsel from Delhi who fly in, or well-known names from Allahabad - designated seniors get an opportunity to print here as well.
Criminal lawyers of course make potloads with the right clients. Allahabad is the seat to a lot of political movement, parties are always trying to one up each other through filing cases against each other - leads to a lot of criminal law work, esp bail and 482 apps.
Until recently, Anticipatory Bail did not apply to UP, so the workaround to that was a 482 application. However, now anticipatory bail is available, and that work has gone to the Trial Courts, away from the HC.
Distances are negligible, quality of life is peaceful, so the money in relative terms is much more than the money in Tier 1 cities. A meal for two at the most expensive restaurant won't exceed 2k (on the higher side). Property costs are a bit on the higher side relatively, but much lower than Delhi Bombay.
Make a good impression during your first internship and ask the team if they liked your work, how you can improve etc during the entire time you are there.
During your last week, be upfront about it and don't beat around the bush and ask your chances of getting recruited and if they liked your work. If they give you a positive response, intern with them one more time to get a PPO.
Even if you are not exceptional your chances of getting recruited are higher if you have a frank conversation about job opportunities at the firm than you being exceptional and sitting passively hoping folks at the firm to notice your work and then offer you a position.
You get interviewed basis the interest areas and get an internship with the same team with a leader level person allotted to you as your mentor. Your mentor will be your go-to person for everything right from work, expectations, processes, callbacks, review etc.
Perform well and then get recommended by your mentor and other persons with whom you have worked with for another stint. Getting a callback is really difficult. NDA hardly takes more than 20 interns for all offices in a particular month. In a calendar year, you will only see handful of them getting a second internship (top 15% percentile is what the hiring policy mentions).
Once you get the second internship which is generally with the same team, chances are decent that you are being considered for recruitment given that the team sizes are very small (usually 7-10) so everyone knows who is working on what matters.
Perform well without being complacent and subject to the requirements of the team, you will be recommended for an interview. Well, there are three rounds of interviews before you finally get an offer letter. Expect the interviews to be very conceptual and technical.
Equity MF: 54.8L
Savings Ac: 20L
Debt MF: 7.2L
Stocks: 6.5L
SGB: 3.5L
Misc: 1.5L
Feedback on asset allocation welcome.
The character of the man has always been of regard, consideration and kindness. For those who are critical of this initiative, rest assured that Vijay is not one to do this for publicity - he has had ample opportunity to advertise his manifold accomplishments over the years, but he has not.
I wonder why unkindness is so rampant on these message boards, especially when decent people take decent steps to help others.
On 1 and 2: Surely we are not the only profession that is a victim of India's piss poor education system? How have the others solved for this?
On 3: Yes, hence the 15 - 20% buffer and if you notice all my calculations are on the lower end. As an aside, there are also practices that work mostly on hourly mandates, why are their associates working 72 hours. Yes, practices subsidise each other, but that's equally a problem with the law firm model. For instance, a corporate partner who finds it within their realm of expertise to advise on tax or intellectual property with no prior experience makes his associates put in the work to figure that out and spend 15 hours extra, completely unaccounted for, with no repayment.
On 4: Even if they pad their time sheets, my calculation only accounts for time billed to the client. Not entered into your timesheet. Surely you don't meant to suggest that A0s are spending a whole bunch of time that they don't at all enter into their timesheets.
On 5: Lol, wasn't litigation complaining about the exact same thing? Which is true? Also, and if it is true, isn't that precisely the problem we're trying to solve for - shitty work life tradeoffs, inflated hours, and poor growth prospects push them away. Please also see 1 on this.
On 6: You're right not every A0 works 72 hours. Back when I was an A0 there have been months when I've worked 110 hour weeks. Work is cyclical sure, but it averages it self out to that hour figure over time.
Instead of resorting to the "oh these poo poo millennials are ruining my ability to exploit them like I was exploited" can we at least introspect on what we can do to make everyone's life better? Not a single T1 law firm has even attempted to solve this problem. There's a deep cultural rot in this system, and we can't look the other way. Obviously if you have people working these kinds of hours with a poor return on their life or a poor work life tradeoff you're going to have temper issues and toxic workplaces. Addressing that helps everyone. I'm fairly senior in the system myself and I understand the need to protect our revenues, but surely we can at least attempt to increase the efficiencies? Even a 20% reduction in the total number of hours spent means the poor A0 can at least work out, or spend time with a loved one, or develop an actual hobby. But oh no, we don't do that here.
Then there's the argument of oh even foreign law firms and investment banks etc are like this. Which was what was Ganit's original point, in those other places what makes it somewhat worth it is how much of that trickles down.
Assuming a fairly average practice I'm going to apportion that about 20% of this revenue comes from foreign clients (paying the most conservatively low rate of USD 180 per hour) and the remaining 80% of this coming from Indian clients (paying again, the most conservatively low rate of USD 6500 per hour). Use these figures to calculate how many hours a week said A0 needs to work in order to recover this, with the assumption that this A0's team is generous and allows them to take two weeks in the year off (i.e. they put in productive hours for 11.5 months a year).
INR ((16,00,000/(180x72))/11.5)/4 = 2.7 hours a week
INR ((64,00,000/(6500))/11.5)/4 = 21.4 hours a week
This means that the average A0 needs to bill only about 24 hours a week in order for them to recover enough money to be profitable to the firm. Yet most A0s spend a multiple of at least 3x of that time in a week.
The question we really need to be asking ourselves is how do we solve for this time sink of about 45 hours a week when this time is apparently just going nowhere. The unit cost to produce one hour of A0 work is too damn high. And this figure is with some super generous assumptions. The likely required weekly billing is probably lower than that by 15-20%.
Ganit had some interesting suggestions and ya'll were just too pedantic to engage with them. Let's talk about how we can unlock value in firms. It helps everyone. Partners can keep their profits (and perhaps even grow them), and associates can retain their sanity. Leads to lesser attrition and lesser time on "training". And yet, we don't even have a conversation on how to make the model more efficient.
If you clear CLAT and get into a good school, and then
If you work hard in class, and
If you intern hard from the get-go, and
If you do some little bit of writing, or mooting, or debating, etc. to build a rounded CV, and
If you also forge meaningful networks with your peers and seniors and teachers, and
If you sit for placements...
You'll get in, irrespective of The Board exams happening or not on time or you scoring 63.2% or 91.8%!
SAM was the only tier 1 firm who participated in the survey, but I believe the billing rates would be somewhat similar across all tier 1s, and hence the calculations here will be an extrapolation from SAM's figures. Anyway, here are some interesting figures from the survey:
SAM's Hourly Billing Rates (in USD):
Junior Associate: 200 - 290
Senior Associate: 325- 400
Junior Partner: 425 - 450
Senior Partner: 450 - 500
Managing Partner: 550 - 750
The report also specifies the firm-wise split between hourly billing arrangments vs. alternative (i.e. lump sum) billing arrangements. SAM hasn't provided its data on this, but smaller firms like Spice Route, Rajani, Parinam have 60%-75% of their total revenue coming in from hourly billing arrangements. For the sake of calculation, let's make a conservative assumption that SAM's (or any other tier 1) also has 60% of its total revenue coming in from hourly billing arrangements. Also, let's assume that the revenue coming in from alternative billing arrangements would be 50% of what the firm would have otherwise earned had it followed the hourly billing arrangement.
Let's do the calculation for A0s. Let's assume a 10 hour workday for 24 days of the month. Of this, 6 hours will be spent on hourly billing work (60% of 10), and the remaining 4 hours on assignments which have alternative billing arrangements. With the above assumption that alternative billing arrangements would only yield 50% of the revenue that would have otherwise been earned had it been based on hourly basis, we'll add only 2 of these 4 hours to our calculations (Note: I do know that Associates also spend quite a bit of time on non-billable matters like knowledge management, but I've discounted for that by assuming a 10 hour workday with 6-7 days off each month, which is hardly the case at any tier 1. Thus, for the calculation, I will use an 8 hour workday.
Thus, the annual revenue generated by an A0 at a Tier 1 for her/his firm will be:
= 200 (USD) * 70 (Exchange Rate, USD to INR) * 8 (hours per day) * 24 (working days per month) * 12 (months)
= INR 3,22,56,000 (Three Crore Twenty Two Lakhs Fifty Six Thousand Rupees)
In 2019, the best A0 at any tier 1 would have at most gotten INR 16 lpa including bonus. This would be 5% of the revenue generated by the A0 for the firm during the year. Your firm takes a 95% cut of the revenue generated by you. Yes, we are underpaid. Don't let the extra 2-3 lakhs of bonus, or the free vaccines make you feel like you're firm's management is the most generous employer in the world.
In a completely different universe, Onlyfans takes a 20% cut from it's models' revenues, Youtube takes 30% from Superchats, OML takes 30% from its artists, and Stripchat takes 50%. I know this doesn't serve a relevant context at all, but I just found it interesting anyway.
P.S. This report was published in 2019, and the billing rates may have increased by 10%-15% by now.
There are a lot of firms now that focus entirely on dispute resolution. You are in court everyday, dealing with a variety of cases in different forums (ranging from District consumer forums to Arbitral Tribunals with former SC/HC judges dealing with complex arbitrations). The best part? You are also paid a decent salary.
Let me give you an example. I have always been fascinated with litigation and most things that come with it. I graduated from an NLU, and started out with one such firm. Of course the pay was much lesser than what my peers at Tier-1 firms (both in the Corporate and Dispute Resolution teams) were making but it was definitely something with which I could easily survive and even save a bit (since I was staying at home). The advantage to working at such firms though is the level of responsibility you get while handling matters, and the amount of learning. You appear a lot more before court, gradually get to handle important stages of smaller cases and also the level of involvement in deciding strategy etc is much higher than it is in big firms.
Please don't be discouraged by the answers in this thread. Its a different matter if you genuinely enjoy being a transactional lawyer - but if you're doing it only for the money and the promised lifestyle in exchange for a career in litigation you'd have loved, I assure you there are other options. Yes, you may take a few years longer to see 1 Cr as your savings, yes you may only be able to afford a economy ticket and 3 star accommodation for your trip abroad as opposed to business class tickets and 5 star accommodation, but I'd say its a fair bargain to exchange those in return for actually wanting to get up and going to your office for the work that's in store (as opposed to doing it only to ensure that the lakhs hit your account without any deductions at the end of the month).
The joys this profession can bring is immense, and if you make the right decisions, you really don't have to starve to enjoy it.
1. What is it that you value the most? If it is anything other than a genuine fascination with litigation, you may find the grind of the initial years debilitating.
2. Be prepared for exigencies. As highlighted in some of the comments above, litigation won't offer you an immediate financial independence or disposable income, so exigencies such as the ongoing covid will hit you hard.
3. Your personal life will suffer. Even timing wise, between courts and chamber and briefings and client chasing, you'll be even busier than your corporate peers. So forget about being in a meaningful relationship, spending quality time with parents, etc, without any immediate corresponding financial rewards.
4. This is relevant if your friends and family are in no way associated with the profession. Your childhood, college friends will move on with their lives while you'll still be dependent on your parents, atleast for the first couple of years. It may feel like that you're against the world, so be prepared to be emotionally strong.
5. Eventually, with some luck and networking, you'll see the value of your struggles, both profesionally and financially, within 6-7 years. The satisfaction is beyond anything you'll ever experience at a law firm. You'll be happy.
Just to point out, you can be different from me and might prefer to live in a campus surrounded by nature, and for that NALSAR is an amazing college and NUJS is as detached from nature as possible.
I started CS after I joined law school. Completed Foundation during my 2nd Sem. Completed Executive by the end of my 6th Sem. Enrolled in CS Professional cleared 6 out of 8 papers by my 8th Sem - but never completed the course - even after 7-8 years from enrollment. Do not even intend to complete.
Why did I not complete?
I chose my calling/ sub-set in the legal profession where CS served no practical purpose. Knowledge is always welcome but the degree is not required. So never bothered to pursue and complete. Do not see any use in future as well.
Why did I even start then?
Someone told me CS will better my employment opportunity. Had a lot of free time.
Pros & Cons (to the extent of time I was pursuing the course).
Pros: Was something in addition to the regular law course. Always allowed me to know something more. Was always a plus point on the CV for securing internships. Helped me score really good marks in my law subjects like Corporate Laws and Tax.
Cons: Takes some time and effort but very much a doable course along with law. Don't see any cons as such. Also do not think I would have done anything more worthwhile if I had not enrolled in CS. Maybe I would have put in the time and effort in CS 1.6 (which I still did!).
A1 - zero / negative to 10L
A2 - zero to 20L
A3 - 5L to 35L
SA1 - 10L to 60L
SA2 - 10L to 80L
PA1 - 20L to 120L
PA2 - 30L to 150L
PA3/ Counsel - 50L to 170L
AP1 - 70L to 200L
AP2 - 70L to 250L
AP3 - 100L to 280L
AP4 - 100L to 350L
EP - 150L to 500L+
EP for > 5 years - 20 - 50 cr
For Blr discount these figures by 5-10%
For tier 2 firms discount by 10-20%
For tier 3 firms and below discount by 20-40%
For US LLM subtract 50-85L + year not worked
For UK LLM subtract 25-30L + year not worked
For EU / Asia LLM subtract 15-20L + year not worked
Before 2010 batch who invested more than 50% in real estate: add zero
Before 2010 who invested more than 50% in equities: add 20-25% of overall figure
Before 2010 who didnβt invest at all / had EMIs to pay: subtract 20-25% of overall figure
Genre-
FPS(First Person Shooting)- to dodge the volley of bullets from the partner and take one for the partner in front of the client when needed. Its a different "Call of the Duty" here.
On a serious note, gaming improves your motor skills and enhances cognitive abilities so you can multi-task with ease.
gaming can also be perceived as a medium to vent out the frustration of dealing with nitpicking bosses.
1. Depends entirely on the transaction going on. I was staffed on a massive DD, but I know others who interned after me who did not have much work, because a big transaction wasn't going on at the time.
2. This team has really nice people, super helpful. Always approach the senior people as a rule, since their feedback will matter more. Generally, Partners don't interact with interns directly. If you are lucky enough to do so, make the most out of it they can get you an interview if they like you.
3. Getting a callback is tough logistically, because there's no HR and therefore no centralised system processing therefore this will in effect be a contact internship as far as means go. The date of your internship depends on the person pushing for it. Example: Jan & Dec are the months with most internship applications, therefore if a Partner pushes for a callback then you have more chances than if an SA/Associate pushes for it in the same time. There is no preference for callbacks as such. Coming to the PPO, they typically only give it in 5th year as they don't know their hiring requirements so far in advance, although there have been exceptions. Again, since there is no HR, it is incumbent upon you to be in constant touch with your team to ask about this, and if you know there's a vacancy and they like you they will call you for an interview. However you have to keep asking about it, building a good rapport with your team members is critical especially at AZB Noida since there's no HR and your callback and PPO interview is dependant on the team taking out time and actively pushing for both.
Good luck!
Tool - entire discography (trust me its that good especially Lateralus)
The Strokes - entire discography (especially their debut album Is This It)
Radiohead - Kid A, OK Computer, In Rainbows (albums)
Queens of the Stone Age - Songs for the Deaf (entire album), make it wit chu, I sat by the ocean (songs)
Led Zeppelin - I and IV (albums)
Bill Withers - Lovely Day, Ain't No Sunshine (songs)
Tame Impala - again entire discography
These are just off the top of my head, I can share my spotify playlist if you want :)
Third Eye Blind - most of their first three albums
Foo Fighters - any damn thing! (My Hero, Everlong, Monkey Wrench, Times Like These) - all their new albums still have that attitude - and the music videos are as cool
Pavement - Spit on a Stranger
Deftones
Depeche Mode - Enjoy the Silence
Collective Soul - Shine
Alice in Chains - Would, Man in the box
Sepultura - Ratamhatta
Queens of the Stone Age - No one knows, go with the flow
Veruca Salt - All Hail Me
Kyuss - Demon Cleaner
Smashing Pumpkines - 1979
Audioslave - any ducking thing
These are a few that come to mind. Please also share yours.
After applying, if you don't get a response, try following up with the HR over phone. You can try emailing as well.
These are the ways, in my opinion.
Last resort - Networking or Cold Emails.
I hope this helps and you get a slot. Good luck!
P.S. Prepare for two rounds of technical interviews as well. xD
Wow Baxi really hates the man being called an academic
Total 19 people have been given the senior gown.
Wishing all of them the very best. Cheers
I understand that there is a glory associated with a Magic Circle lawyer but there would hardly be any sensitive lawyer who would think an MC A0 is better than SA at a big law firm in India. If you return back to India, unlike what most others think, Indian law firms discount their PQE simply because the first 4 years of their service do not count as PQE. Imagine coming back to India and working as an associate under a partner who was your batchmate. However, most of them do not come back and slog as associates for years without even knowing if they will make partners.
Prospects of making a partner are very bleak. You have very few prospects of a lateral shift in any other firm in London because most of them (Especially big US firms in London) prefer Oxbridge candidates only.
I fail to understand why people with such good intelligence still prefer MC firms over Indian ones.
The land of Naharbhavi is so great that when Sudhir stepped on it, vo sudhar gaya. NLS students are deemed as professors by students of tier 2 NLUs. NLS being called Harvard of the east is false and Harvard is actually the NLS of the west. Harvard is considering dropping all other programmes other than law just to meet this expectation. When NLS conducted its own exam, even JEE and Medical aspirants appeared for it. NLS recruits from 8-9 partners from trilegal campus on Day 0. Herbert Smith Freehill offered a training contract to everyone in NLS but everyone was already trained so they didnβt go. Deutsche bank stopped recruiting from NLS because NLS students are gold man. NLS students, even in their childhood, raise both of their parents. NLS won the Oxford Price moot but gave it up for NLUD because it was not worth it. If an NLS studentβs phone rings while he is mooting, the moot is paused till the call is over. If an NLS student misquotes an article of the constitution of india in an exam, the constitution is amended. SAM and CAM were separated because NLS kids found their jobs too monotonous. Once an NLS kid was asked by his mother to bring a fan from Khaitan company, he returned with a job offer. NLS was actually constructed in 1456 BC but it was destroyed by Mughals only for it to be built later. When ancient NLS students decided to mass bunk university on two days, those two days were called Saturday and Sunday. An NLS kid gave F grade to one of their professors because they didnβt have 3 post graduate degrees from Ivy league but only 2. NLS does not want any Rhodes scholarships now because they belong to the sky. 36 law students from NLS went missing in the jungles of Nagarbhavi, they were later called the avengers. When NLS kids come to your college for a competition, they confer winners with the trophy. The apple thrown on Newton was actually thrown by an NLS student because he wanted the world to get a small portion of the knowledge he owned. NLS student was giving a speech which was noted in text by the britishers, that speech is called the Indian Penal Code. When mails were invented and an NLS student created his email id, he already had 9 job offers from tier 1 firms. When an NLS student finally becomes a parent, their kid is designated as a senior advocate by the supreme court. When Indian govt go to the court against NLS, itβs them vs the Union of NLS. Once NLS decided to not admit any students for a year, 80000 more people appeared for JEE that year.
But anyway, here it goes.
The answer, as is typical with us lawyers, is that it depends. A, on what you want. B, where you're located. And C, where you're coming from.
For the purposes of this answer, I'm speaking in context of lower judicial services and the IAS/IPS. No point speaking of IRS/IDAS/Whatever - there are too many varying factors. Foremost being that they are not limited by any cadre; judicial services are limited to your state.
Also, my answer is mostly Delhi-specific.
What do you want?
The work culture, the lifestyle, everything is very different. An entry level IAS/IPS officer posted in district (as opposed to HQ/Secretariat) - SDM/DM/ACP/DCP - gets a car with a beacon, a PSO, cars with huge boards saying 'District Magistrate' or a flag on the bonnet. Typical things that an IAS aspirant thinks of. You know what I mean.
Not so with judges. In Delhi, entry-level judicial officers don't have any official vehicles to take them from home to court. Go to Tis Hazari judges parking, you'll see i10s and Swifts with a judge sticker on them. Now I'm not saying it's a bad thing, or that everyone should aim for that laal batti. But know what you want, what you're getting into. I've seen judicial officers get visible agitated and frustrated simply because an IAS officer (who they believe to be inferior in rank) gets more perks.
Judges in Delhi also don't get PSOs, drivers. On some days, not enough stenographers even. It's tough to manage work that way. In other states, however, I've heard judges through all the ranks get a driver-cum-PSO at least.
On the other hand, judges have far more relaxed work timings. Court starts at 10 in Delhi (in other states, don't bother coming before 11/11:30), you wind up by 3-ish, do chamber work/prepare for next day, go home. Not so for an IAS/IPS posted in district. You're basically on duty 24x7. Reaching home at 9PM, and immediately rushing back to work at 9:30 because of an emergency is not uncommon, especially in IPS.
The actual work that you have to do is very different too. A district posting is basically crisis management all of the time. You're always running, having meetings, trying to solve some thing or the other (except in the occasional times when things are relaxed between crises). In a non-district posting as well, it's a desk-job but still it is common to have frequent travel (for meetings), and last-minute work (say, because your predecessor forgot to prepare a status report for the case listed in HC tomorrow, and now you're calling different HODs at 7PM trying to get the relevant documents from them). On the other hand, as a judge, you sit and adjudicate cases all day. It can get boring and dull. Evidence being recorded for hours and hours straight. Sub-par arguments that you HAVE to listen because the guy arguing is the Bar President. Same thing day-in-day-out.
So it really depends on your aptitude.
Big establishments (luxury hotels, businesses, hospitals) also oblige you if you're an IAS/IPS. Judges, not so much (and really, think about it, there are over 150 DJS officers posted in just Tis Hazari alone; there are five other court complexes in Delhi, whereas there are less than 20 DCPs.) However, when an IAS/IPS is summoned to court, he'll have to listen to whatever absurd rant the judge goes on with a bowed head and (figuratively) folded hands. It's not uncommon for a 20-something M.M. to be scolding a 40+ ACP/DCP, often unnecessarily. As an IPS officer, you have to live with it.
So again, know what you're getting into, what your motivations are. Not knowing this will just lead to frustration, and you'll never really be happy with whatever you get into.
Where are you located?
Court infrastructure is minimal outside Delhi. I've been to subordinate courts outside Delhi, and courts of even ASJs and Special Judges (CBI) don't have working computers. A stenographer writes by hand the evidence that gets recorded. On the other hand, Delhi district courts are quite advanced infrastructurally.
On the other hand, judges have more respect/power in states outside Delhi. There will be huge sign boards simply saying "District Judge Residence" - if that's any signifier of where things stand by comparison. In Delhi no one cares/knows where you live. And it makes sense also, if you think of it. In Delhi, there are 11 District Judges, and the HC and SC are also here. In a state, there's no one above the DJ in that particular district. So unless the administrative judge is visiting, you're the king. At the same time, there is greater attempts at political interference as well in states.
Promotions also differ. Some lower judicial services officers in Delhi will never reach become the DJ, let alone a HC judge. Forget about it. On the other hand, in some states (do your research), the promotions are faster and it's much more streamlined.
Where are you coming from?
I know of people whose parents are IAS/IPS (direct as well as promotee) who did not appear for subordinate judiciary exams because they believed it to be "beneath" them. Now, I don't mean to demean the noble job, but it's a genuine perception. They wish to move "up in the ladder" and joining lower judicial services meant a stagnation for them, socially. Their friends, similarly placed socially because of the background, would be "higher up in the society." For e.g., the friend whose father is a HC judge would be elevated from the Bar and become his boss. If you feel this kind of thinking could creep into your mind, make sure you factor this in while making any decision.
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Lastly, as far as your comment that judges remain in touch with law while civil servants don't, that's only partly true. While the exposure to law won't be as much as a judge, a civil servant does remain in touch. When posted in district, IPC, CrPC, CPC and a number of other (major) Acts are regularly used. And if you're an IPS, all the criminal statutes, obviously. When posted in HQ/Secretariat, you're in touch with a number of other things - service law, for e.g., will always be there. If you're in a municipal corporation, the municipal laws; if deputed to some special department, the relevant laws there.
Hope this helps.
All I can say is:
1. Read as much as you can. Read whatever comes to your hand. Pay more focus on things which people miss. Read website T&Cs, Press Releases, Public apologies, the fine lines, and the bylines. It will give you an idea as to how to communicate. Professional writing is very easy to pick up if you are habitual of reading such drab. It is a skill which is highly valued and comes extremely handy.
2. Talk. Every opportunity that you get. Retort. More you talk, more will you be prepared to talk your way out of or into situations. Gift of gab is not just nature's gift. It can also be cultivated. Being able to talk fluently will open a lot of doors for you. It is especially useful to further your career. You will land more clients as a lawyer, lawyers and students will respect you as judges, people will listen to you more in general.
3. Write. A fluent speaker will not always be a good writer. Donald Trump is a great speaker, have you ever seen him write? Modi / RaGa have great speech writers, can they deliver it like Modi? Writing is very important. you may not always get an opportunity to speak up in a professional setting. More often than not, your written work would almost always reach more places. Learn to write so well that it catches everyone's eyes.
4. Learn to understand the situation. Don't tinker if you can't afford. If something is being done in one way, till you can afford such things going south, stick to the tried and tested method. Everyone knows that latin terms and ancient english is replaceable in law firm drafts / transaction documents. While some have discarded it, many haven't. As long as you are with someone who wants things to be done in a particular manner, learn to do it in that manner, unless you can afford to leave [Leave and find your own space]. If you are in a corporate team you will be required to proofread. understand what proofreading means. It is not about improving, it is only about correcting.
5. Speak up. If you want something, ask for it. If you want an internship, call the HR after mailing them in case of no positive reply. Ask them about how you can secure an internship. If they tell you no slots available, mail again for some other slot. Slots are available available. Ensure that you have an error free and well formatted CV and cover letter for application. See templates available on Harvard's website. I guess Lawctopus had some too when I was in college. There are plenty of other websites which have templates. Just Google. Talk to your seniors about how to go about things. Reach out to your college seniors who are known to be helpful. There is no shame in asking for help.
6. Research. Learn how to research. Best advise for life. Learn about keywords, search tools etc. Learn how to and where to use Near, And, or, "", -, +, site:, filetype: etc. Learn navigating through websites, looking for things on websites. Learn how to use keywords so that you never get more than 2-3 Google search result pages. It will make you a rockstar researcher.
Expand your horizons and have an open mind. Be professional, be courteous and stay humble. Easy to brag after a win, but with every win, the level increases and it gets more difficult to maintain your reputation as the person who can find it.
Intern wherever you can once. At max twice. Never for more than 8 weeks in total. If they want to hire you, they will. Don't waste your time hoping that an A0 or A1 will get you a job. People below SA level in a law firm don't have that pull.
Once you start interning, try to establish your presence. Be subtle and humble. Don't be known for your flashiness. Build a good rapport. 1 week before your internship, seek time to talk to a senior with whom you have a good rapport. Tell them that you want a job and want to work at the firm / with the team. If you are good, you will get an interview for sure from places like SAM, CAM etc. if you are from a decent college. If you are from some unknown / private college, you need to work twice as hard.
Good luck!
towards the end o
So a better question would be "what is the pay for 6 years and 7 years PQE respectively at these firms? Hope people can contribute and answer this.
I am graduating this year from a non-top 5/6 NLU college which has not done well with campus placements (only 7 students were placed through the college RCC - less than 5% of the total batch). However, many of my batchmates who were interested in the law firm scene have been able to get themselves offers from pretty good places. Some also realized that this was not their cup of tea and chose to pursue other alternatives and are doing equally well. After several internships at firms both top tier and some not, I was able to get an offer in my final semester from a great team at a growing law firm.
I completely understand how you feel right now. You might not feel like it but you are strong enough to overcome these feelings of anxiety which all of us have somewhat experienced. Don't be morose, keep applying - apply to firms and partners showing your interest in their practice areas. If you want it bad enough, opportunities will come your way. Be sincere and diligent - that will be enough for you to get your foot in the door.
And who says you even have to like law firms - your experience at internships might make you want to pursue other stuff. Law firms are not the all important be-all-end-all avenue the rat race might make them to seem. There are enough other opportunities where you can do equally well, if not more. I'm sure you're parents will also understand if you dialogue with them.
A friend shared this with me -
For there is always light
If we are brave enough to see it
If we are brave enough to be it
Best of luck!
Assuming you are from a decently reputed university (falling as low as DSNLU or Nirma/Christ), lets plan out your future step by step:
Academics
If nothing is working for you, make the most basic thing work. Focus here, and get in top five-ten in the university if possible. Traditionally and even in future, I do not see better proof of grit and diligence than being excellent at academics at a decently reputed university. Being good at academics is baseline key to success. For example: let us assume you have a terrible contracts professor or the curriculum is bad - a student who wishes to do well would go to the e-library, read from additional sources plus scrounge the internet for good resources and structure your thoughts well. This is killing two birds with one stone - aceing your academics with ease and clearing your basic understandings.
[i]Do not underestimate this, do not underestimate the time required to do this properly and do not like 95% of law students underestimate the importance of consistency and grit.[/I]
Outside Academics
You need to prove three skills outside your academic achievements: (i) communication; and (ii) networking.
Communication refers to your writing and speaking skills, i.e. write articles, blogs on leading blogs like Indiacorplaw, Oxford Business Law Blog, etc. I do not particularly give weightage to academic writing, because that may not expose your thoughts to a wider audience. Identify your focus area - lets assume it is corporate law, start browsing business new websites and start writing 500-1000 word updates on the latest news item (maybe for mediocre or even low grade blogs/or the best audience - yourself)/alternatively to match your academic targets, just write a updated essay on whatever you discussed in class and latest jurisprudence on the matter. Keep a watch a law firm updates (NDA, CAM, SAM, etc.), to understand how to write, the style of writing and update your writing structure. At the beginning, aim to write 10-15 pieces (small and big) each month. [I built my personal online commentary through this, I often see myself referring back to my class notes - I spent max 3-4 hours, since it was personal - I plagiarised giving weight to understanding > credentials, but I had no loans.] For oral communication, you may identify speaking opportunities within group, classes, debate tournaments, or if nothing else, moots. (Moots is always on expense of time - which you are lacking. It is an excellent learning activity, but not the key to success. I suggest that you do not get distracted by the excitement and lose valuable months).
Communication will automatically help you build research skills (as you think about each word you put out to the world); articulation (key to being a lawyer and negotiator); and often in networking (as you have credentials of being well published - even if it is 100 of 250 words post). Practice will make you perfect and often help with academics automatically.
Networking: I use this term in the most balanced way possible, and not necessarily only for work, skill, reasons. Within law school life, you needs balance, and relationships with seniors, juniors and batchmates are key. Help everyone selflessly, connect people, party with people, hang out with people, build groups, play amongus with interested batch mates, sports!, but be among people. These people are going to be your seniors in firms, your clients, your referrals, your mentors, and your guides. In addition, identify lawyers active on social media, that you look up to and observe the content being put out, keep a track. If you follow communication above, lawyers who connected with you might have already come across your posts and (probably are already impressed).
Internships and Jobs
There are two ways to go about it, (i) excel and go for the tier 1, easy to get in with top law school and they look favorably on top rankers;(ii) realise your interest (writing/communication above helps), identify and reach out to professionals working independently or in boutique setups (please let them be top lawyers, well known and good pedigree with good mandates - legallyindia is a good start to find for corp) or starting out.
For (i) - lot depends on your college; for (ii) lot depends on your zeal and hustle. (ii) is also easy to secure, with less noise and competition. Once you have a step in a practice area, it is not rocket science to elevate to tier 1 (if that is your intention/goal/dream), or you may love the job and seeing your talent, you may be offered equivalent pay with better work life.
Know this - everybody who is hardworking, good, finds a job. Actually - everyone who wants to work for someone else, gets to work for someone else. Internship or no internship, moot or no moot, no research paper - if you know your basics, are articulate, you will score a job easily.
Please use resources like 'worldwise' for this - not the course, the resource on the website of worldwise is enough.
For you and your dad - on loans
Clarify to your parents upfront - the news is misleading, outside top five, people don't get guaranteed 12 LPA jobs. (difficult even in top three). Tell them you are doing your best, and loan is not going to be a concern (in ANY case - law degree is rewarding).
Legal profession, is highly rewarding to good talents who are consistent, hard working and can go to the extra mile. Even a person starting out at 40K in tier three in Mumbai, if talented can make 1L by the end of his 2nd year in practice (if he wants to sacrifice life balance). Your loan of 30 lakh (assuming you are in JGLS or alike) will look mediocre and tensions small. Worst case scenario - you apply to 60 places, get rejected with no job for six month (highly and extremely unlikely - will happen only if you don't compromise on 12LPA standards), your degree will allow you to pivot - to legal tech, content writing, teaching, LLP, public policy advocacy, etc. among hundred other options.
You will only need - positive mindset, confidence and hustling to succeed.
I donβt know how to cope with this feeling. There must be others like me. How do you deal with this feeling? How do you deal with rejections on a daily basis? How do you feel about your parents who think youβll be getting a 12lpa soon? How do you deal with everything? I want to come out as a stronger person
[Moderator note: graph via OECD (https://www.oecd.org/media/oecdorg/directorates/economicsdepartment/eo2018/eonov2018/median%20wages%20nov%202018%20eo.svg)]
Not to take anything away from AZB's market standing, but this is how the process works.
Junior Counsels:
1. Karl Tamboly
2. Sarosh Bharucha
3. Akshay Kolse Patil
4. Shyam Kapadia
5. Girish Godbole (deserves a senior designation at the earliest)
6. Cyrus Ardeshir
7. Ashish Kamat
8. Chirag Mody
9. Rashmin Khandekar
10. Mayur Khandeparkar
11. Amir Arsiwala
12. Arif Doctor
13. Mihir Mody
14. Mallika Tally
15. Hussain Dholkawala
16. Prateek Seksaria
17. Ankita Singhania
18. Abhinav Chandrachud
Senior Counsels:
1. Aspi Chinoy
2. Janak Dwarkadas
3. Darius Khambata
4. Fredeun De Vitre
5. Shiraz Rustomjee
6. Zal Andhyarujina
7. Sharan Jagtiani
8. Vishal Kanade
9. Mustafa Doctor
10. Virag Tulzapurkar
11. Birendra Saraf
5.
As it turns out, they were. They timed their entries and exits 90 secs apart to be discreet, but I noted this as well. Reminded me of the Dwight-Angela affair from The Office.
As I wasn't working with either of those associates, I didn't have any qualms about ratting them out. Specifically told the PA about the 90 sec rule.
Didn't end up getting a callback anyway, but that might have to do with the fact that I was busy with my own trysts with a co-intern.
Good luck!
And for the comments claiming that Zia mollycoddled Shuva to fame β I donβt even know where to start with that one. Mollycoddle just doesnβt fit in the same sentence with these two formidable personalities.
This is not to belittle anyoneβs negative experience. This is just to share that my experience was positive and the potential for growth from working with Shuva is infinite. And no, I wasnβt the only freak who felt that way :)
If Big Law /βlaw firmβ culture is too toxic, please do start out on your own. Once youβve mastered winning clients while keeping your team happy, motivated and challenged (not to forget well compensated!), do let us all know what the magic formula is so we can bring out much needed change. Itβs a learning curve and so much easier said than done.
Having worked with Rajesh and Simone during my time at NDA + Shuva while at AZB, it is beyond fantastic to see them join forces. Clearly theyβve taken the legal world by storm before theyβve even started. Congratulations!
I guess you might be a recent graduate (probably 2009-2014 or after) or current student who seems to be judging RVR through the very limited prism of short-term benefits and concessions given to students. Some of us have much longer institutional memories and do not agree with your characterisation of the RVR regime as a net positive for NLS. Many of the things that you describe as institutional successes (Jessup Win, Placements in Commercial Law Firms, Admissions to prestigious postgraduate programmes, success in Debate and ADR competitions) would have anyway accrued due to the organisational practices, institutional networks and reputational capital that had been accumulating for many years before RVR joined as VC in May 2009. To be specific, NLS had won Jessup as early as 1999 and the 2013 success was more a product of a continued emphasis on the activity among the student body. Please ask the four alums who were part of the 2013 team (Raag Yadava, Geetha Hariharan, Shreya Jain and Akshaya who were in the 2008-2013 batch) about their honest opinion on what RVR did to the college. Recruitments in commercial law firms were bound to be good throughout the 2010s owing to the growing depth of the NLSIU Alumni network. It must be kept in mind that other NLUs such as NALSAR, NUJS, NLU-J and GNLU have also done fairly well in the corporate legal sector, irrespective of the fluctuating quality of their respective Vice-Chancellors. Successes in Competitive Debating and ADR competitions were also the outcome of internal initiatives taken by students through the 2000s which translated into even better results during the 2010s. RVR was smart enough to recognise the strengths of the NLS student body and did not interfere with these existing structures and practices. I also recognise that he regularly supported student participation in co-curricular activities, both in a monetary form and in kind, which is something that did not happen regularly under the previous Directors/VCs.
However, on the academic front, RVR has done serious and incalculable damage, the impact of which will be felt for many years to come. Apart from not hiring faculty members on fair terms, he turned the evaluation process into a joke through the arbitrary use of re-evaluation powers (as repeatedly pointed out by Sid.C in these forums and on the NLSIU Alumni Association FB page). Students who had failed in individual subjects by large margins (getting scores in the 20s and 30s out of 100, largely because they wrote next to nothing in their answer-scripts) would magically be passed at the end of the academic year. The answer-scripts were never sent to any faculty members at other Universities. It was all done at the personal discretion of RVR. Similarly, students who barely attended 40-50% of the classes would have their attendance shortages condoned as soon as they went and touched his feet. RVR would whimsically declare non-instructional days whenever any student group approached him and would just announce blanket extensions for project submission deadlines. He also turned a blind eye towards some faculty members (both senior and junior ones) who were habitually cancelling classes, and were simply handing out easy grades to students in return for their silence. The overall teaching standards had plummeted so much that NLSIU students began to publicly talk about the 'scam' courses in each trimester (please read 'Quirk' or the SBA Pages), openly talking about how they got away with plagiarism in their projects and next to no preparation for their exams. In fact, the teachers who were actually negligent towards their professional responsibilities were given a free rein, whereas those who did their job with integrity were the ones who were regularly targeted. The fact that a few self-motivated students in each batch continued to accumulate academic and co-curricular success throughout the 2010s cannot be used as a mask to hide the widespread rot that had set in. Showing empathy towards students does not mean giving them a free pass to earn popularity in the short-run.
Having said all this, Sudhir has several faults as well. He displayed many of them during the NLAT episode last year and from what I have gathered, he has been unnecessarily rude towards students in internal meetings. However, he seems to be moving in the right direction with proactive faculty hiring (both on a permanent and visiting basis), regular review of course content and the initiation of several externally funded research projects. He needs to acknowledge that he has a problem in communicating with students. So it will be better if he delegates day-to-day administration to younger faculty members who are more sensitive to the evolving needs of the student body. The fact that Mrinal, Aparna, AKT and Nigam will now be there should lead to decision-making that is more considerate towards the needs of students from marginalised socio-economic backgrounds.
Lots of law students intern at SAM. These days, internships aren't even that selective - which is actually quite unfortunate because it effectively dilutes the quality of the intern pool and makes it harder to get recruited based just on internship performance. It's worth noting that only an extremely small minority will get called back and fewer still get placed. Let that sink in first.
To be considered for a call back, you need to have received very strong positive feedback AND the associate you worked with must have recommended you for a call back while filling out your appraisal form. Similarly, for a PPO, the associate (and the partner to whom he reports) must recommend you. Unless this happens, you can pretty much forget about call back.
Generally, a PPO isn't given to someone who hasn't interned with the firm at least twice, though, I'm sure exceptions exist. Factors that matter are, your law school, grades, performance, attitude while interning etc. Again, not every team looks to hire right out of college (which basically is what a PPO is), so it's best to check with the person who you worked most for what the scene is. Again, how important each of these factors is depends on practice area. Some practice areas/teams aren't as selective, others are.
Reaching out to HR won't help. Without your appraisal being processed, they'll not be able to really do anything.
Hope this helps
1) BHU/AMU etc- The biggest perk is that they are extremely cheap because everything is subsidised. Attendance is not a huge issue so you would get a lot of time to intern.
2) Delhi/Mumbai based law colleges like lloyd, glc etc - Again attendance is not an huge issue, government funded universities might not cost a lot but the likes of lloyd would cost although i guess that would be within your budget. Since youβre in the hub of litigation, you can actually learn a lot.
One golden tip for getting internships in litigation chambers is that you physically go to there chambers and submit a hard copy of your application with cv and sop. Donβt disturb the senior lawyers, just hand it out to a junior or peon
Sudhir K is not a corporate tycoon poaching players from other teams. Heβs a VC of a public university with limited funds at his disposal. The people he has hired could easily earn two/three times as much if they wanted to- many of them are taking a pay cut going to teach at nls. This also isnβt really about the nls brand- this didnβt happen before Sudhir. So what exactly is Sudhir offering these guys?
I think it comes down to what academics want from their workplace.
1) like all folks in public service, they want to do a job they can be proud of. This means they want freedom within the classroom, to teach as they see fit. This means both the freedom from political censorship, and the freedom to set and enforce rigorous standards. This means that the administration has to inspire confidence that they will back up faculty and not pander to students who want easy grades. They also donβt want to deal with students who seek to bully them. So this means they want to be certain that the student culture is one where students are eager to learn and put in the work.
Sudhir K has a reputation for maintaining high standards in his academic endeavours, this inspires some confidence that being part of the nls experiment maybe worth while.
None of the other VCs really have the same reputation. How many other NLUs have an academic review committee that works to make sure that courses delivered are of the highest quality? And there are so many troubling stories one hears from other NLUs of students running competent faculty out of town because they wanted easy grades.
Students are vulnerable and mental health is a problem - but that doesnβt mean we throw standards out of the window- it means we bolster mental health services so that students can deal with their issues instead of wanting the world to adjust to them.
2) the second thing academics want is to find a home. This means a collegial atmosphere among the faculty, this means feeling like you are a part of something together. And this means you feel valued in the institution. This can be small things like giving faculty decent housing, having weekly faculty meetings/ seminars, encouraging faculty and students to see each other as teammates rather than competitions. And it can also mean big things - the ability to tell the administration when you think something is wrong, being given responsibility and voice within the university. The ability to advocate for our students. Other NLUs simply donβt follow these best practices. And itβs easy for someone to feel alienated when they join as faculty.
3) the third thing academics want is the ability to do their research and advance their career. This means confidence that the administration will encourage and support their research efforts. If someone needs reduced work load so they can interview prisoners across the country- they should be able to get it. If someone applies for a research grant and gets it- they should have confidence that the administration and fellow colleagues will be encouraging.
This also means that you want to work where other good academics work- so that you can collaborate with them. And for younger faculty- this means that senior faculty and VCs are nurturing and want the younger guys to succeed. Sudhir K pushes his younger colleagues to publish, he talks to them about their research projects and tries to help them, when you send him a paper he reads it and gives you comments. He has nurtured and taught so many young people who are now academics in their own right- and there hasnβt been one whiff of allegations of plagiarism or exploitation. Other VCs donβt have this reputation.
Even just looking at how many alumni have returned to nls- itβs interesting to note that nearly all of them have worked with Sudhir or around Sudhir in some capacity or the other. You can dismiss this as nepotism, but you can also recognise that research and institution building is a collaborative excercise. And that Sudhir has nurtured and supported many academics through out his short career. How many other VCs can boast of having a similarly qualified group of people who are willing to follow them? Most of these other Vcs- if they see a bright student or a younger colleague- they try to exploit them, to plagiarise, to bully and generally limit the younger colleagues career so they donβt leave. Sudhir doesnβt do that.
Academics are simple people with simple wants. You give them that- theyβll come flocking to you.
Here is why none of your options will work.
1) visiting professors cannot make up for the poor quality of education you get in your core courses. They also have little investment in the university compared to regular hires.
2) this partnership will never work. Faculty arenβt a resource like money that you can share- theyβre people. If someone wants to stay in Bhopal and work there - how are you gonna force them to go work in Gandhinagar? Why would they put up with that?
3) again people who want to work at jgls cannot be forced to go work elsewhere. They are people not things.
4) more money wonβt solve the problem- these guys have all already taken pay cuts to work with Sudhir. Why will they be poachable?
5) an NLU alum alone is not enough- this is a culture that needs to change. From senior faculty to students to the library staff - everyone.
If you want your university to be better - you should start by being a better student and by demanding better education.
Trilegal: 13.2 + 2.2
KCO: 14.4 + 1.8
CAM: 13 + 2
SAM: 15
AZB: 14 + 1.5
L&L: 16
JSA: 11.5 + 1
TTA: 13 + upto 40%(usual 10-20%)
S&R: 13.2 + 3
NDA: 16.2 +1.2
DSK: 10
Induslaw: 12 + 1.2
Lexygen: 15
Veritas: 14
ELP: 8 + 20k
Bharucha: 9 + 1
Pioneer: 9.6
Poovayya: 9
WG: 6.6
HSA: 6
Finsec: 10.8
DMD: 7.8
PDS: 7.8
Rajani: 6-7
Tatva: 6-7
Algo: 6-7.2
Anoma: 4.8 -5.4
Acuity: 9-10
Rajaram: 6-7.2
Juris Legal: 5.4
This is the ideal way this ideally happens as per the firm's HR. However, the Mumbai office is notoriously known for offering long term round-the-year internships to 3rd-4th year students from local colleges that don't have strict attendance rules, and not making them offers until the time they are taking a break for their final semester exams, and sometimes not then either. Though this is not too common, but there are one or two cases every year where an intern who has been interning with the firm for 1-2 years is told that there are no vacancies in the team right at the time when he/she asks for the offer before going on a break for the final exams.
Also, I don't know how much the approach towards internship evaluation has changed since the pandemic started. I interned there for a couple of months last year (March-April), and when the internship ended, we were told by the HR that our worksheets would be shared with the attorneys for evaluation as soon as the office reopened. Afaik, none of the 8-10 of us got a callback, though some got emails from the attorneys that they had worked with saying that they would recommend the intern for a second internship if he/she was interested to intern again.
That being said, regarding the personalised attention, our class sizes are around 50-60 despite the large batch size and in elective it can be as less as than 10 students. The faculty-student ratio has in fact improved over the years from 1:15 to 1:9. I could go on head to head on star faculty but the only thing that will achieve here is unpleasantness and nothing else.
Ignore the anonymized comments posted here. Nobody in their right mind at JGLS is of the opinion that NLSIU is not a great institution. You should be happy with what you have. Despite, the popular perception, we are not idiots, we do have different preferences and we are happy with what we have here at JGLS. Why turn this into a bitter competition unnecessarily?
Reasons
Mumbai University(MU)- just like India were fragile and helpless under British rule, same is with GLC, Mumbai has made sure that such GLORIOUS institution is destroyed.
Imagine having the legacy of 165+ years and be like this. It is the complete failure of the Maharashtra Government and Central Government to not make this alike to contemporary Law schools in India and create an institute of eminence.
Having studied in College where GOATs have studied and now just any other building in Churchgate.
The syllabus is older than Elizabeth queen. The same old method of cramming and mugging all of it and spit it out in an answer sheet on the D-day of examination and hey if your writing and luck are in your favor, you're topper of the Uni.
This institution is only alive because of its students. While the state reservation is way too much but still nevertheless most bunch of people are good to do.
Committees- This is the only a good thing about GLC, to be honest, so you can see the standard. The only way you can create a network or else you're gone for life if you do not join any committee. Most students join them and it's the only way to interact and plus these committees are very active and fun so yeah credit where it is due. The only spice of law school that you get to enjoy the most. while other colleges must be thinking, what's so exciting about it? well, in other N schools, even if you do not join many committees, you can still do good but very rarely a person not involved in committees has fared well in GLC. not saying committees contribute in any skill set or distinct personality but that's how new opportunities open up.
Placement- while I can only review my placecom till the time I am/was there. In our college, most students has secured their way to the job without any contribution of the placecom. this committee is mostly lethargic and incompetent. you can ask them for the number of 2019-2020-2021(lmao) batch placement report. they think they're sitting on the legacy of the GOATs and therefore, the recruiter will come to them and say please please get me students of the current batch at any costs. while you'll think there is a bit of exaggeration in this particular indicator but tbh, it's worse without it as well.
they hardly take any effort while I see the contemporary law school taking so much effort to find jobs on job portals and LinkedIn (One such mention is of AIL, Mohali who are so active and making an effort) and get their student placed. As a student, I know the situation is adverse in job markets but as long as you see your committee making efforts for you, you're content at the end of the day. but students who are in such a position of the committee might not come from a background where they've struggled for things and therefore, they don't have a knack for putting in extra efforts.
Fact for you to believe me
In GLC there is a good amount of students from other states and from out of Mumbai city and suburbs. but still, the committee went ahead and conducted physical interviews in the middle of the pandemic with no sense of empathy and understanding that there could be people who can't come to Mumbai solely for an interview due to these difficult times. there were very few virtual opportunities that we didn't hear of till now.
Absolutely fails in forging a relationship with a recruiter, you will see only 2-3 Tier one firm coming and taking only 1-2 student from a batch 280+320 (total batch size including 3 years and 5 years students) out of which only 70-80 would desire to sit for placement which speaks of the confidence of student that their placecom is good for nothing. Mumbai being the home for the corporates still you'll see not corporates taking the recruits from our college.
To be continued below in comment due to TOO large comment issue
The cancerous portions of these conversations could be traced to three sources:
I. Salary: The most toxic of all, these conversations might warp a person's perspective into channeling all his efforts into being the best paid worker. The practice of law is much more than money. No conversation (as far as I could see) was about the joy of law, the adventures of litigation, the satisfaction in legal aid, or developing the quiet professionalism seen in doyens of the bar. The law firm crowd with their "Tiers" have made legal profession equipollent to Dante's inferno. Any argument that these conversations help to seek pay parity is far removed from reality.
II. NLU slug-fests: These need to be banned. They are not only worthless but is immensely prejudicial to the average joe from the corner street college. These conversations not only betray a disgusting superiority complex, but also are discourteous to the "others" most of the time. Most of these conversations are so detached from reality, one cannot help but wonder whether these are even written by practicing professionals. LI and the readers need to remember that it is the non-nlus which constitute the back bone of justice delivery system in India. These NLU slug fests poison the fraternity among lawyers.
III. Non-law threads: For a population who neither know the basics of virology nor are qualified to speak about it, threads such as whether Covid is a bio-weapon should never be allowed. Political threads should also not be allowed as they quickly devolve into an echo chamber.
The Good portions: Threads about work-life balance, assistance and guidance to juniors, professional discussions on various practice areas (I remember the unique tax practice thread with some fantastic answers), the difference in work cultures of north and south, etc. These are informed and much needed.
Few points about practice in the courts (Don't know much about the District courts. People who ask this question are usually aiming at the HC. I would imagine its the same case here):
- Make what you think of it but I think the Criminal side practice is a lot more muddled than it is on the Civil side at the HC. Civil side practice has some great offices; great lawyers. I am aware of two three GLC, Nirma and NLU graduates working at these offices, which brings me to the second point.
- As is the case elsewhere, if you hold a good command of English and have a better grasp of Hindi then it is an ideal position. The Civil side practice has many average offices/lawyers; by just utilizing your grasp of the languages, you can make your presence felt during the hearings. Much of the working documents (instructions, reports, etc.) are received in kishtt hindi and it would help if you got yourself one of those books on administrative jargons (in Hindi).
- Many of the judges are good and you can create an impression on them as time passes by. J Jaspreet Singh is excellent on the civil side. DKU understands land revenue issues better than anyone in UP. What I am trying to highlight is that to enjoy a practice you require judges which can pierce to the issues fast. You'll get that in a few of the courts here.
- Pay: I have only an outsiders account of the litigation offices. Most good offices (Mr. Mathur for ex.) do not pay at the start (which is where having a home in the city helps assuage the pressures of the first few days). Pay, once it begins, is also low (I guess 10-15k? Not sure). But then there is lots of room at the top, by building up on your experience after joining any of the good offices, you can go independent.
Its a limited perspective from an outsider but I hope it helps you grasp things. Also, if you recognize as a woman, I would like to point out that the Lucknow HC is infested with only male lawyers. But that also means that lady lawyers can easily distinguish themselves in terms of their ability and competence. To take an example, the NHAI standing counsel Ms. Samidha is a very good at her work and the judges are always happy with her preparation. So that's one thing. Hope all these random recollections help you make up your mind. I would suggest that you intern under the good offices (Gaurav Mehrotra has a nice practice, lots of young people in his office) and get a sense of what it is like to work at the court and then take their advice. Lots of room at the top, in my perception!
A couple of months went by. I was working on another deal with impossible deadlines. I started dreaming about how life was peaceful when I was sick for those 12 days. I was so exhausted that I started wishing for sickness just so that I could get uninterrupted rest. I started losing interest in life, in meeting friends, watching movies, listening to music or even going out with my better half. I only had negative thoughts. Money did not make me happy anymore. I had become quite miserable and sad. That's when I decided to leave my high paying Tier-1 law firm job and take a break. It was undoubtedly the best decision I took. After a few months, I joined a company as an in-house lawyer. The pay is slightly lesser but I am happier than ever.
Lot of value addition. As an example, a stamp duty review suggested addition of office in one state from where the fintech company should execute it's agreements saved the company crore(s) in moneys paid for its thousands of users. Some structuring advisory allowed a company to receive FDI and expand. Some advice to early stage entrepreneurs on possibility of fintech and insurtech products helped them develop amazing stuff (love Smallcase example, obviously some lawyer added massive value there). Some advice on due diligence on change of control/figuring out disputed ownership and pending litigations helped the client walk away from a nasty acquisition. An advisory on not having an arbitration clause for agreements where we receive money and have security.. helped in case of non-responsive parties and to escape money eating route to first get an arbitrator appointed by court, two years after I had drafted the agreement.
Lawyers help in navigation of regulatory regime, structuring innovative business models around regulations, negotiation of good deal, guide the entrepreneur on business practice and much more. Lawyers add massive value, save massive moneys and time by anticipating reactions, possible breaches, regulatory reactions and more.
Honestly, you probably are adding value. Consider the commercial side of business items - and you will start finding answers. Even minor reviews add value.
Or maybe you are disassociated from the big picture because you work in a very specialised practice?
Moreover, this myth that 'think-tanks' hire a lot of people from the NLUs also has got no basis or statistical evidence. Show me a batch from any of these NLUs that you named from where ten students or more have joined think tanks on graduation and name those think-tanks. There are very few such organisations that actually pay enough to even sustain the living costs in a metro city. Vidhi, PRS, CIS, CLPR are doing good, but they are not regular recruiters from campus on any scale worth mentioning yet.
I worked at Tier 1 law firm from 2014-2020 (a little over 6 years). From the beginning, I knew I joined for the quick money (more on that later) and not for the career progression. Joining a big law firm is a simple trade-off, you piggy-back off the firm's established reputation to do work that pays the firm a lot, and in exchange the firm gives you back a tiny fraction of what you earn for them. That tiny fraction can be a huge amount for most. You also trade the need to spend time sourcing clients with the work coming to you automatically albeit with the compulsion to spend all your time doing all the work that comes in.
I have always been clear that time is my most precious commodity. You can obtain almost infinite amounts of money, land, wealth, etc. but you cannot manufacture more time for yourself. Whatever time you have is (a) unknown to you; and (b) definitely finite. So what did I need to do to conserve my time and make maximum buck for the time spent? I got efficient. Very efficient. And I kept my efficiency to myself.
I was privileged to be better at writing and drafting than my peers and even my bosses. This was a great thing as far as MNC clients were concerned. Deliverables drafted by me impressed the firangs. I had clear, concise and very readable deliverables, which everyone loved. So I made a niche for myself for certain kinds of high value work, for which my team/peers were happy to let me take my time and come out with a good product. They learnt after the first year or two that my deliverables barely took any editing or revisions. So over a period of time I started being given work that (a) wasn't my team's core practice; and (b) were mostly MNC clients demanding well drafted deliverables. Means I had monopoly over a large part of my time.
Here's where my efficiency came in as a kicker. As I got better and better at my work (which was varied), I took less and less time to do it. However, I was still able to set my own timelines (within reasonable limits). Once people are used to having a deliverable turn around in 48 hours, I was free to do it in 24 hours and keep the rest of the time for myself. If they needed it faster, I took my pound of flesh the next time. I got promoted on time, I had very good appraisals.
To be clear, I did not cheat the law firm out of anything, the firm made over 500-600% more in revenue from my time than they paid me. They got what they wanted from me (I made a ton of money for them), and I bore no obligation to give them every moment of my time or even any more than I chose to.
I spent a lot of the saved time pursuing my interests, which were primarily on how to deploy the money I was making (and saving 90% of) to become financially independent. I spent a couple of years learning the ropes for investing in listed companies. I learnt my lessons in the market, paid my tuition fees, and eventually got good at it. By the end of 5 years, I had enough saved and invested to be pulling in 50k a month in passive income without lifting a finger. My investments have growth well, and I have a plan I execute for my personal finances. Now I have core investments and a little bit of capital set aside with which I do special situations investments. For example, I play low risk rights issues and buyback situations. 8-10 of these situations come every year, a retail investor can make a lakh or two per annum through these with the right risk management. If there is an opportunity out there in the listed space, I have the time and understanding to play it. Along with passive income, this creates sufficient cash flows to live decently.
I now do the above and freelance legal work from time to time. A couple of people now give me work regularly and I don't really make an effort to go out and look for more. If I do good work for them, eventually they refer me elsewhere. I am okay with the pace, I am not dependent on it for my well-being. I write, I sleep, I vegetate. The uncertainty of the future sometimes does create anxiety, but you have to trust in yourself and move forward.
I certainly see your concern because the lawyer personality has been stereotyped as the outgoing and brash go-getters. It isn't entirely wrong given that aggression seems rife at almost all law firms and also seems to bring some pay off. There are also some firms that also encourage aggressive behaviour. Years ago, one of my friends at a Tier-1 was given the feedback that she should be more aggressive in her partnership interview.
But, there is also place for more introverted folks - just not in every team or law firm. As with everything, it is important to understand the culture of the firm and the team with which you are seeking to work. I am pretty introverted myself, but my senior partners always pushed me to interact with clients and take up speaking engagements despite my discomfort in order for me to get over it.
There are many aspects of the job that an introvert can excel at - analysis, grasp and an ability to listen. Clients often feel like their lawyers don't understand them. An introvert can certainly have an advantage in this regard.
Also, although I don't advocate for changing your personality, as you go up the rung, it is important to be more confident and vocal. You can achieve this by just ensuring that you say your piece and what you say is rational - I always admire and like working with lawyers like that across the table , even if I have to concede, compared to those who scream and give everyone a headache. If you look at developing an ability to speak more confidently and publicly as a skill rather than a change in personality, you may find it more palatable and also easier to digest.
You also need to figure out your aim - do you want to be the star that everyone talks about? Then being out there is obviously more beneficial. Do you just want to good work and have a good rapport with your colleagues and partners? Although it is a low-key approach, this is quite possible.
To sum up, you are not a misfit if you find the right place for yourself and develop your confidence. And personalities are not and should not be static. To adapt to the world is a part of personal growth.
Lessons from a litigation perspective:
(a) Initially, pay will probably be 10-15% of what you get at a tier 1 firm. Maybe lesser. That can be a bigger issue than one thinks.
(b) Pay will increase every year. And one can save a lot on living expenses (compared to wherever you work).
(c) Work will mostly be mundane but it will be better than what you did in the firm. I personally read more SCC in the first couple of months at the tier 2 city firm that the entirety of five years at a tier 1 firm. And no case notes, argument notes, list of dates, or notes of any kind!
(d) One will get to appear and argue much much more. And if one does/ argue's well, judges start calling you by name. One gets to learn the art of adjourning cases in a senior's absence which takes some skill (there have been instances of tier 1 firm partners briefing senior advocates for adjournments).
(e) Much better work life balance. Much more flexibility. Family is closer.
(f) A lot less traveling. No more Noida/ Gurgaon - Delhi. No more planning to avoid traffic.
(g) Disputes practice in a tier 1 firm is very different from actual litigation. A 100 million arbitration claim filed after many billable months cannot match the thrill of arguing admittedly not-so-complex cases every day.
As sr. no. 4 says, firms are not the only way.
1) Prof. Hota Agni Kumar, 'Corporations in Colonial India' (August 2018)
https://www.youtube.com/watch?v=P5HKVt_-6W0
2) Sudhanshu Kumar, 'History of Corporate Law in India' (August 2018)
https://www.youtube.com/watch?v=gsDXJI2r0qA
3) Prof. Amita Dhanda, 'The Construction of Exclusion in the Indian Constitution', 7th Constitution Day Lecture, Daksh Bangalore (November 2018)
https://www.youtube.com/watch?v=a_0pNgzlxAQ
4) Sidharth Chauhan, 'Political Obligations In A Public Health Emergency', NUJS Lecture Series (May 2020)
https://www.youtube.com/watch?v=-UEhIonu_t8
5) Sidharth Chauhan, 'Interpreting Legal Materials in a Purposive Manner', Beyond CLC Webinar Series (January 2021)
https://www.youtube.com/watch?v=Tl-ZJYbfwrI
6) Jagteshwar Singh Sohi, 'Struggles for Environmental Justice' (June 2020)
https://www.youtube.com/watch?v=fAJN0lnKYQo
Worked at a high end law firm, learnt a lot but felt like the lifestyle was unsustainable. When I got married, I realised that the choice I had to make was, spend meaninful time with my signficant other, or work at a law firm.
At the same time, I also wanted to work in the "best teams" with the "best partners" and on the "most challenging / high end transactions". So I decided to make a conscious choice and spend the next few years working hard, before moving on from the law firm world. I jumped to a "better" Tier 1 practice, worked on probably the biggest transaction in India then.
The amount of abuse, manipulation and general lack of empathy for life was stark and far worse than what I thought I was signing up for. I realised that the folks at the Tier 1 (barring a few exceptions in a few practices in a few cases) were not really killing it the way I had thought they were. They are also drafting the same things, making the same mistakes, and doing the same shit, but way overworked and way brainwashed into thinking that their lives were more meaninful than it was. I recall that my partner slept in a different room from their significant other, another partner was getting on in age and had no ongoing personal relationship outside of work (other than some fairly disturbing rumours with an associate) and a third partner with a new born at home was working till 2-4 AM everyday for the better part of the time I was there.
What I didn't see was any cutting edge work or guidance that helped me grow. The logic appeared to be, kill yourself for the firm, outlast your peers and you will get a fair bit of money. That's when I came to the conclusion that the choice wasn't no money or tons of money, but actually some money or tons of money.
Decided to move on and joined a smaller start-up firm - my life has significantly improved, my take home matches my peers (including in Tier 1 firms) and I don't have to deal with any of the politics. I have spent a substantial amount of time with my significant other and I still get to do the "big deals" I thought I had left behind. I'm likely a lucky person given where I've landed up, but you know what they say - fortune favours the brave.
I still fully understand why someone may want to remain at Big Law - but based on my experience, it's not the only way.
I was very happy to leave soon as I looked at myself in the mirror and realized it wasn't the real me. That was years ago.
Never had a moment of regret; plenty of joyful days - made new friends and clients while being out of the office and in the world, took time for myself, worked healthy hours, said no to work that I didn't need/agree with, took risks and reaped rewards, built a practice that reflects my values. Money has increased every year and I haven't had to bear bullshit to be rich. People are magnetized to joy, and more readily trust a professional who loves what he is doing.
Time flies when you're having fun, and moves at snail's pace when you aren't, doesn't it?
F*** being rich and miserable. You have a degree that is invaluable. Go find out its worth, and yours.
My advice to any fresher kid who is ill-treated at work is - it's not the last job out there. Don't take BS from anyone. It's so not worth it! You are better than what they think you are worth!
Of course, the firm itself died soon. The prick (he used to touch women inappropriately i was also told) continues to practice.....
Your hometown will mean your costs of living will be close to zero. No rent or utilities. So you don't have to concern yourself with pay for the first year or two. It is your familiarity with court staff, judges, procedures and practices, and your relationships with people, that will help your work profile grow. Give it the time it needs.
You could achieve that either in Delhi or your hometown. If you were to start in your hometown, you could very well see yourself in Delhi as your practice grows.
Some of us dream of working in Delhi. Some are happy with small towns, less stress, proximity to family. Money is good, but it can be found in any city. How much does money mean to your happiness is a question worth asking yourself though.. others can't answer that for you.
Back your decision, whatever it may be. Doubt doesn't suit us suits. Litigation will take care of you, always, and will get better with every passing year. Even the legacies owe it to someone who was first gen like you. Good luck.
Or you could be adored for your privilege, befriended for the benefits that come with knowing someone whose dad is a biggie in the industry.
Both are toxic for you. In time, you will learn that your constant companion is only yourself, and Fairweather friends or foes, both are impermanent. Stay in your lane. Do unto others as you would have them do unto you. Maybe you will find some genuine friends who will make life feel better on the bad days, and who inspire you to do the same for others. The romantic lawyer would say that is his role in society, to make life better for others, and inspire by example.
Good luck, and enjoy law school.
If you're really looking to get out of law - my first advice at this stage would be - LEARN HOW TO WORK ON EXCEL AND POWER POINT. I cannot overemphasize this aspect. Data manipulation and organization is the key. My second advice would be - LEARN HOW THREE STATEMENTS WORK. Understand the implication of each line item and how it impacts a company. Once you have done this, then you can start thinking of moving out.
At the cost of sounding utterly foolish, the one thing which i have learnt in this pandemic is one should not shy away from talking about his mental health which has got a lot worse during these tumultuous times.
As the saying goes "Sometimes the person you'd take a bullet for is standing behind the trigger"..
What you're saying is mostly true. It is difficult to get clients who would pay. And not just for the first 10 years; I know people with far more experience whose clients try to get away without paying.
I'd say for the first couple of years, don't expect any earnings at all. Do pro bono work, get noticed, get exposure. Plus, if you do well and make that client happy, he may refer more clients to you (whom you can charge). It's about building a network, really.
And yes, in 90% of cases, the only fees you'll actually get is what you grab before the case. So, if it's a bail application, don't expect anything after the hearing (if bail is granted, he has no incentive to pay you; if bail is denied, he would not want to pay you).
You will have to write a lot of them off, yes. As a tip (backed by my personal experience, more senior lawyers can probably correct me) - make sure those "bad debts" are also worth it. Either the case is good, gets you some limelight (and thus, potential future clients) or you're able to build a long-term relationship with that client in lieu of waiving the fee off.
Usually At the A0 mark in tier 1-
13- 15L
A1- 14-17
A2- 15-19
A3- 16-20
A4-20-25
SA1- 27-30L
SA2- 32-38L
SA3-42- 48L
PA-1 50-56L
PA-2 54-62L
RP- 60-80L
Up unto the PA level the bonus amounts out of the above range from 10-20% until the SA levels and 25-30% at the PA levels. Of course some firms let you negotiate and take up more of the monthly take home rather than loading up your bonus but broadly at the A and SA levels, you can expect to neogtiate a maximum of 10-15 as bonus and let the remaining be loaded on to monthly take home and at the PA levels max 25%.
The above figures are mentioned on the basis of where I am in my own career (PA-1) and my tier 1 partner is pretty open to me about who makes what in order for me to ascertain their worth.
Equity: Not been through that but safe to say above 1cr and will all depend on the what you kill for the firm.
The best foot forward is...
1. Do reasonably well in undergrad. Then start zeroing in on schools/scholarships you might want to apply for in (summer break after) Y4.
2. Apply early in Y5. Get this done by October/November. For this, you will have to plan and complete TOEFL/IELTS as the case may be, and also make sure to speak to people regarding LoRs as well as getting transcripts.
3. Get into LLM. If it is a thesis-based program (mostly Canada), then have a clear idea of a workable project. Do bulk of your work in Terms 1&2, so that you can present your work at graduate conferences over the summer, i.e., term 3. If it is a taught program (UK or US), do try to do a good job with one or two of your term papers. Present these at graduate conferences over the summer.
4. Find a RAship in the country you were in or come join as an assistant professor back in India post-LLM. The idea is to get some work experience under your belt, while continually thinking about your doctoral project. Also, use this time to get your paper(s) developed in LLM and chiseled away at grad conferences at this time.
5. At the completion of one year post LLM you should have a list of schools you apply for PHDs. This should not be the top 5/10 schools any ranking list gives you. You should be able to justify each to yourself with one or two subject area experts who will possibly be on your doctoral committee.
6. Write to these professors over the summer asking if they would consider being your chair/supervisor. Send them a cover letter (summing up who you are, what you propose to do, and how you have trained till now to capably do that project), a CV, and a 1/2 page project proposal document.
7. If you do not hear back from them by July, send a polite reminder.
8. The people who get back to you in the affirmative, apply to their schools at the earliest (October/November). Remember this will require you to take care of formalities like LoRs, transcripts, TOEFL/IELTS like before.
9. Write back to people who tell you they can't (as they won't be a fit or as they have a full load of grad students etc.) asking if they could point you to someone else who might be a good fit.
10. Apply and wait. You must have funding for the Ph.D. Don't think my parents can afford it. It is important for the future in academia. Money draws more money. Writing grant apps is a skill, the sooner you acquire it the better.
11. Once in the Ph.D., have yearly targets. You must present a paper at 3/4 grad conferences every year. The idea is to get your work out there and to gain feedback at these events. Try to publish a paper every year from Y3 onwards.
12. At the end of your Ph.D., hopefully, you'll have 3/4 Solid publications and multiple presentations at conferences. Use these to apply for post-docs or scholar-in-residence programs. Use these to do some teaching but mainly to convert your dissertation into a book.
13. This book will largely determine your chances of making tenure-track at a good American university.
........
Please note that this is an over-simplification for a general audience. There are always adjustments that can be made and alternative pathways.
Private universities follow whatever rules they want to. Jindal of course is the best paymaster. It offers around 12 lpa to freshers (can be upto 14 if you have got industry work ex), plus free quarters, medical insurance, and research grant. These are for their Junior and Senior Research Associates. Full time Assistant Professors can get upto 18 lpa plus said perks. Associate Professor can get upto 22-24 lpa plus perks. Professors upto 30 lpa plus perks. Perks would also increase according to designation. But there's considerable negotiation involved and differential pay for different people.
Of other private universities, a lot pay less than 7th CPC. I don't know of any private law university in India other than Jindal which regularly pays more than 7th CPC salary to all its permanent employees.
Hope this is of some help to you.
Lot of important things from the perspective of a mid rung NLU. I secured 2 PPO interviews. My first job was also the result of an internship. Joined a partner in Firm 3 after she moved. I think:
1. Very important for you to build a relationship with the team. Show your face daily. If you don't want to pester someone fine, but do drop in a casual "hey, what's up", so that by the end of 2 weeks, everyone knows who you are, and everyone is comfortable. There would be a few AHoles in the team, you know need to figure out how to avoid them.
2. Keep the A0s and A1s in their place. Shitty A0s and A1s have a tendency to drown you with work. As much as possible, get work from the senior most person. If the senior redirects, CC work product to the senior as well (if ee had suggested the work that was given). Try to build a rapport. Ask work from different people. If the same junior associate is drowning you with work, politely avoid the person. If the team sits together, make it a point to approach them when the drowner is not on zis seat. If the drowner exists, ze surely takes a lot of smoke breaks, coffee breaks, lunch breaks. Make the most out of those opportunities.
3. Remember, everyone is keen to give work right before or after lunch. Or in the evening. So approach them then. Don't bother people in the morning much since most people have a lot of catching up to do.
4. Try and avoid staying late. Try and avoid working with a person who stays later than their team. They are slackers. They won't help.
5. At the end of week 1 ask for an extension if you like the place. It is okay if you don't. It is however difficult to impress people in the short span of 2 weeks, so a recommendation would for PPO would get difficult.
6. At the end of week 2, take 10 minutes time from the senior most person that you have substantially worked for. Express your intent to work for the team and the firm. Be open. Be frank. This is your best shot. If you have done good work till then, the next 1/2 week will be more of an assessment.
7. Work - be sincere. Be thorough. If there is a 10th page on google with the best filter, open every damn link. Don't miss out on anything. Books, news articles, even comments. Go through every damn page. Properly. Practice SCC Online, Westlaw and Manu patra during your free time. Know how to pull out the latest version of laws. Cross check with amendments in gazette. Know how to use the gazette, government websites etc. Send proper emails. Have a proper subject line. Even if I see your email after 10 years, I should know what it was about and what it contains without having to open any attachments. Of course exigencies may require otherwise, but if you are smart enough, you will know it. Be punctual about coming to office, leaving office and submitting your work. Unless something is urgent, or you have a meeting / appointment, don't stay back late.
8. Be patient. Persevere. If you deserved to get everything handed out on a silver plate, you'd have been in NLS and the mere fact that you interned would ensure that an alumni recommended you for a PPO (unless you are downright foolish, and clearing CLAT was an accident).
9. Be proper. Bathe everyday. Wear ironed sober colored shirts (black pants with a white shirt 5 days a week is better than a red/yellow/green/navy blue shirt with any such outrageous colored pants). Look up for pastel shades. Wear a belt and shoes which are not damaged. Wear formal shoes. 350βΉ formal shoes are more appropriate than a 50000βΉ Jordan. Dress professionally. No need for a blazer or a tie if you can't afford it, or don't like it, but others are non negotiable. No colored handkerchiefs or socks either.
10. Decency - Be courteous yet firm with everyone. Don't be a pushover. You are a future lawyer. Act like one.
11. Work on your English and ability to converse. Tier 1 firms only need that from you. Person who commits a lot grammatical errors does not get hired. If they do get hired, they don't get promoted till they learn. So watch English news, movies, videos. Read books. Work on your English, because frankly, that is the only non negotiable from the perspective of hiring and career progression till SA level.
I once did back-of-the-envelope calculations when I was still in college and realised that the fees from the students just about covered the salary of the professors and not much was left for capital and non-recurring expenditures.
So, I did a quick google search (it took 5 minutes - and yes, I am free right now) and the numbers are all publicly available.
The college even today hardly has any money left after paying its staff. It weirdly takes pride in not receiving any "maintaining expenditure" from the UGC [see Para 19 of this judgment: https://indiankanoon.org/doc/180877490/]. I checked the latest budget and the difference between the income from the fees charged to the students minus salary of staff and utilities (water + electricity + internet) is ~INR 75L - that's not much for an institution and certainty leaves little for capital expenditure. I am not even accounting for the many other expenditures which would naturally arise. Another interesting piece is the absence of interest payments - which would indicate that the college didn't build its infrastructure by taking credit / loans.
Budget: http://www.nlujodhpur.ac.in/uploads/23162009101146.pdf.
The newer buildings: the moot court hall, auditorium, library, administrative block, second mess, badminton court, etc., the college couldn't have constructed them without Government / UGC grants. The grants released by the UGC are also publicly available. The annual reports for 2011-2012 and 2013-14 set out the amounts released to the college by the UGC - I reckon a fair amount of the newer construction took place from these grants.
2011-12: https://www.ugc.ac.in/pdfnews/Annual_Report_2011-2012_English_Final.pdf
2013-14: (https://www.ugc.ac.in/pdfnews/7938259_Annual-Report-2013-14.pdf)
So, you see, your education is also being subsidized by the Government.
If anything this is unfair, given that the typical student profile in most National Law Universities is upper middle class and upper class. The annual per capita income (accounting for the Indian billionaires) is INR 1.25L - and 99% of the students of NLUs can afford 1.25L, either directly or by accessing credit. I would reckon (and this is an admittedly anecdotal guess) 90% of the students spent more money in a year than the annual per capita income.
1. a recognized law degree.
a) This can be done via pursuing a JD at A Canadian institution. LSAT + CGPA + writing samples + LoRs are needed.
b) Alternatively, you may gain equivalency via NCA. They will ask you to clear additional exams specific to Canadian set up. You'll have to do atleast four. You may do these while in India itself.
2. Thereafter, you'll need to clear the Bar exam. There is a separate exam for barristers and solicitors.
3. Finally, you'll need to take up articleshow Canada. This is easiest to get if you studied at a Canadian institution.
...
Now regarding your specific question. You can not practice law in Canada after a LLM.
However, certain schools (UBC, UoT, Osgoode) have now begun offering Professional LLMs for foreign trained lawyers. These serve as fulfilling NCA equivalency requirements. So, you could go the PRO-LLM + Bar + Articleship route. It is absolutely possible for one to get into a top law firm via this method as well.
-Domestic students from Canada opting for foreign degrees are usually those who cannot make it to a Canadian Law School, thus raising doubts about the competency of those who do not have non Canadian legal education in general. Is it fair? Probably not, but when you consider the fact that Australian unis like Bond have courses designed specifically for Canadian students who cannot make it into a law school there makes it justifiably suspect in the eyes of employers.
-Lack of familiarity with Indian Legal Education. This one should be fairly self-explanatory. Employers in Canada do not know anything about legal education in India. They cannot differentiate NLS from LPU, and you could see why that would reduce the employability of NCA lawyers in Canada.
-Lack of access to the formal hiring system. Most Canadian firms offer articling contracts to their 2L Summer Students. If you are out of this system of hiring, your opportunities reduce drastically, simply because firms wish to hire the best talent straight out of law school and fill all their slots accordingly.
Now, am I saying no one with an Indian Legal Education and with NCA Status has ever made a good career for themselves in Big Law? Absolutely not. The odds, however, are stacked against you, especially in the absence of any local contacts who can vouch for you. The high levels of immigration into Canada by lawyers in private practice from India has virtually made it impossible for firms to screen good candidates from bad ones, and so if you are sure about wanting to live in Canada, I would stick to my advice of getting a JD.
Sorry for any grammatical mistakes and hope this post is of some help.
1) Clarity in communication: If you are confused about something, say it right there and then. Don't think about it. Chances are whatever work you are being given forms a very basic part of the actual deliverable (if that even). Nobody expects you to know anything besides the useless fluff taught at law school. Therefore, being clear up front about what you know and what you have done in the past makes a good impression. Most of the time, interns are afraid to state that they don't know something for fear of being judged but bear in mind, that nobody has the time to judge. They just want the task done as diligently as possible, so getting those out of the way right up front is a good start.
2) No honorifics: Most people who will be giving you work at law firms are young associates and they do not prefer being called sir or mam. Always ask right at the beginning what they would prefer to be called. If somebody says no sir, no mam, do not call them that! It shows that you are ready for the culture and ready to adapt (as most of the time it feels weird to not call associates you are working with sir/mam). Make that adjustment as soon as possible.
3) Writing/Presentation: Always use TNR/11 as the default in word docs and no borders please. Use appropriate headers, confidential, for discussion only etc. Use bullets, headings, underlines, etc. to bring clarity to the document as much as possible if you are preparing some note.
4) Deadlines: Always request for deadlines and stick to them. If you can't, inform seniors beforehand instead of at the moment. Always provide reasons why you couldn't stick to the deadline, even if the reason was that you took time to grasp what the actual assignment was. Most seniors will appreciate the honesty as they would have been in your shows not very long ago.
5) Emails/Texts: Always try to use full words and be courteous in your emails and texts, despite what anyone says. Writing the full word does not take more than seconds. Some people don't care about it but some people don't. Keep in mind that you are trying to take care of those to whom such things matter.
6) Feedback: Always ask for feedback near the end of the internship. Understand that people are super busy and they wont have the time to give you feedback on every deliverable you have sent, so it helps if you request for 5/10 minutes from the people you have worked with and ask them the things that you can improve. Again, don't go for deference and take things in your stride.
7) Stress: Trying to convert the internship into a PPO is stressful. But never let it get in the way of you learning (and here by learning, I do not mean the scam learning but you learning the tricks of being a corp lawyer). During your internship be responsive and as responsible like you are already working there.
Best of luck, friend. Please post here back again once you get the offer.
If anyone has any links to articles or advice or thinking that has cheered them up or managed to make their or someone else's life even a little bit better, please share this below.
And if you are facing any particular difficulties and feel like it seems there is no one to talk to about these, please feel free to share these anonymously and perhaps someone is in a similar situation or can offer a valuable perspective.
This comment thread will of course be strictly moderated.
Quote: Quote: https://www.harvardbusiness.org/resilience-resources
7.2 Remove barriers to trade through a balanced and beneficial market access package under the ETP including on agriculture, healthcare, education, legal services, seafarers, marine, healthcare and social security.
No ambiguity there.
At the beginning of the final semester I sent a mail to the HR requesting an assessment internship (the Subject line must state that you are seeking an assessment internship or applying for a trainee associate position). Also, if you have previously interned at the firm, then copy in the recruiting partner (ask the associates whom you assisted who they are) or the partner of team you wish to join.
Never outrightly refuse to take work from an associate. Tell them you are busy with some other assignment and would be able to start on the new one only, for instance, a couple of hours later. It is not very often that partners delegate work directly to interns, so it is the associates that you should consistently try to impress. Do the boring work diligently. Be available.
Always double-check the provisions you are relying on as well as the language of you work, in case you have been asked to prepare the first draft. Ensure that it has no typos or formatting errors.
If you have been given research work, then always summarise the findings in the mail itself. If it is a case-law, succinctly explain the facts and key observations of the Court (mark the relevant paras ofc). If the research work requires you to find provisions, then check the complete statute for any other related provisions. Again, try to present your research in a manner that makes the life of the associate easy.
Bonus tips - Try to quickly find/pull out gazette notifications. You should be comfortable with using regulatory and govt. websites.
Read financial newspapers. I prefer financial express. Not going to tell how this would help, you will figure it out on your own.
Stay upbeat!
Please excuse me for typos or bad writing - I have had a lot of work today.
Hope you are keeping well.
Further to my previous comment, let me put it this way:
Saw your email without any subject. The content had three letters βPFAβ. I had seven more important emails that day. You failed to make an impression. Hope you take this feedback positively. Thanks!
Regards,
No Biggie
2. Do neat work and show that you are willing to go out of the way to get a job and more importantly your willingness to learn.
3. Keep pestering the HR.
Travelling is easier because you don't need to carve time out on a frequent basis - take 3 weeks off, do a few countries in Western Europe or some funky destinations (Maghreb, Central Asia, Eastern Europe, South America). Can easily do this once a year.
Perhaps pick up a mental stimulation habit (like reading non-work stuff on the weekend, learning a new language by yourself) and physical stimulation (football, cricket, golf or running on the weekends) and don't belt yourself if you miss sessions because of work. Slowly, once these become part of your life, you'll be able to adjust work around them (stick around on a Friday night and finish work to save that Saturday coffee and reading session versus go out for drinks on a Friday night and then work through Saturday and miss the session).
Of course, there is no intention to demoralise anyone, but the figures being quoted to seniors income are not really representative of an average litigating lawyer. The competition is cut throat and the MNCs do not really come to you. They would instead spend a bomb on a senior since a general counsel is made ccountable to the top management.
Lastly, there is nothing right or wrong; in a cosmopolitan city, where a bare survival alone needs 25, just chose your options financially. This is because all those claiming to get independent matters do so only after the first two to three years. Not every gets lucky right away and mind you, your senior's matters/briefs will take precedence over your matter.
Note: be game to forget personal and family life for the time you work with a senior. Since there is no leave policy as such, sacrificing personal space and time should be very okay to you.
1. Supreme but not Infallible
2. Both Granville Austins
3. TR Andhyarujina's book on the Kesavananda case
4. Gadbois - Judges of the Supreme Court of India
5. PB Vacha - Famous judges, lawyers and cases of Bombay
6. Tom Bingham - The Rule of Law
7. Richard Susskind - Tomorrow's Lawyers
8. Ruth Bader Ginsburg - My Own Words
9. Michael Sandel - What Money can't Buy
10. Michael Sandel - Justice
11. Oxford Handbook of the Indian Constitution
12. Walter Bagehot - The English Constitution
13. Akhil Reed Amar - America's Constitution
If you enjoy the corporate side of things, would definitely recommend Barbarians at the Gate, Den of Thieves (on the insider trading scandal in the US in the 80s), Cold Steel (takeover of Arcellor by Mittal), The Taking of Getty Oil (takeover battle for Getty Oil), books by Michael Lewis (Liar's Poker + The Big Short), The Spider Network (LIBOR scandal), Too Big to Fail (GFC in 2007 - 08), The New Tycoons (growth of the PE industry into a behemoth), Predator's Ball (rise of the junk bond industry and fall of Drexel), For God, Country and Coca Cola (Coke becoming America's greatest cultural export), The Smartest Guys in the Room (Enron scandal), The Billionaire Raj (India's gilded age), The City (development and status of the City of London as a global financial centre), The Man Behind the Wheel (Onkar Kanwar and Apollo Tyres), The Yes Book (negotiation).
They've been getting better for a while now, unlike Indian firms who never address such issues as you likely said. Although LI can only work with what it has.
This silence would be understandable if it weren't for the hypocrisy of our class (yes we're all part of an extremely small class).
It's nauseating to see to the chattering English speaking classes on both sides for different reasons (mostly pushing an agenda or doing what's called in Hindi apnee roti pe daal khich naa i.e. trying to get yours others be damned) discuss Western racial issues like diversity. The same group, across the aisle and parties is largely silent (barring the the odd platitude) on casteism and religious discrimination. Ironically this is the one issue against which they're united. Thankfully (for some), Ambedkar was prescient. Caste is now a global problem such as in the UK where they tried to ban discrimination only for the Tories to play vote bank politics and abandon the idea (yup it goes both ways).
Katherine Mayo made Gandhiji introspect about views on caste: https://doi.org/10.1080/03068374.2018.1487685
Who'll be the new Mayo?
https://twitter.com/selinasenwrites/status/1386190912556998664
NALSAR: Dedicated portal covid19.nalsar.ac.in with Twitter dashboard started. Hashtag #NALSARCOVID19 has gone live.
https://covid19.nalsar.ac.in
JGLS: PM Modi had a video call with Naveen Jindal (along with Mukesh Ambani and Sajjan Jindal). Naveen Jindal has released hundreds of tons of oxygen from his plans across India.
https://twitter.com/MPNaveenJindal
What I am more curious about is why do and I have seen a decent number of folks return back to India to work for Indian firms after working a small stint at a magic circle firm. I am not talking about folks who did not convert their training contract but about talking about associates working at these firms?
It is also interesting as per this report that at least a dozen senior counsels make over 1 crore a day. That makes for at least 200 crores a year (which is so much more than what any lawyer in the UK or US would make).
First up, you have not failed anyone. If you are a law student of a five year program, you are among the 8.15% of India's population who is graduate, and among top 1% who is fortunate enough to hold a professional degree like LLB. Congratulate yourself, because you have achieved much, and you are yet to graduate.
On top of all these things, you have graduated in the best time of our lives. There has never been a better time to be a lawyer, never has been a better time to be aspiring and to dream of a better life. There are opportunities if you have the patience and grit. Please put up a separate thread as a 'Job Seeker', and ask about what you can do, and I will clue you in on the opportunities available, as an entrepreneur, freelancer, writer, etc. among others. As someone who understands the legal job ecosystem better than most, I can lay out for you your game plan if you put in details on your background. If you put yourself out there for people to look up on your LinkedIn, I am sure you will receive constructive remarks, negative maybe, but constructive, that can help you better yourself and get what you want. This is better than wallowing in self-pity.
Having said that, let me highlight that I come from a private law school. I lacked polish in language, conduct, background and made it up with hustle. I hustled for myself and I hustled for my batch mates and juniors to get ourselves a break in India's corporate firms. But I also witnessed. I witnessed that none of the students in my batch who wanted to work for someone, were without work. I am talking about a sub-standard private law school. Everyone who wants to get work, gets work. Do you know what consistent cry is accross legal chambers, law firms, in-house departments? - We do not have good talent, there are no good lawyers available. The demand is there, making the supply expensive. This is where you can think about coming down from the high horse, figuring out a interest area related job and jumping into the work. Few of my batch mates of 2019 who started jobs at 20-30K (scored at an average of 3-4 months after graduation) now make moderately well between 1 lac and above. They jumped into their interest areas, put in hard work, made themselves indispensable and developed acumen.
Don't worry about money, money will flow with dedication and hard work. Impress the right mentors, impress them with your skill, creativity, zeal and hard work. Worry about whether at the end of ten years in this profession, will you be able to look back and say - 'Cheers, I lived my dream?'.
[i]At an average you have 40 more years of work ahead of you, pace yourself, don't loose hope in the short term only to loose in the long term. Cheers.[/I]
Hi, we do have students on scholarships and students from IDIA. We have a separate scholarship for socially backwards students.
I realise where youβre coming from and acknowledge the privilege that a lot of students in JGU enjoy. But kindly donβt generalise it, I consider myself to be really underprivileged in a monetary sense and I donβt have a laptop. And although I donβt hold a responsibility to prove the same, if youβre not rude or disrespectful to me or my struggle in the subsequent comment, Iβll go out of my way to provide evidence for the same.
Moreover, I agree to you that Jindal is the national face of privilege. But legal education in India itself is an entire representation of privilege and nepotism. Jindal being the flag bearer, NLUβs canβt absolve them of any accountability either. 2-2.5-3 is not something a middle class or underprivileged guy would be able to pay. The fee structure is 5-6 times of what a person would pay in a government university in a different field. A lot of kids, I know in NLUs are super rich and could have easily afforded Jindal. Not to mention the infamous NRI quota in most of the NLUs. CLAT and AILET alongside LSAT have only acted as a catalyst to the promoting privilege. Justice Chandrachud pointed out the same (https://www.livelaw.in/top-stories/discrimination-law-schools-clat-justice-chandrachud-blind-students-172626) AILET has the toughest english tests, I have witnessed in a legal examination. I am not defending Jindal here, Iβll reiterate Jindal is the flagbearer of privilege in law schools and NLUs are marching right behind it. Please donβt absolve NLUs of the privilege that students there enjoy.
Moreover we are going through the same pandemic as you are. Jindal is not immune to mental health issues. A lot of people I know are going through major financial crisis. Weβve had students earlier whoβve resorted to suicide and other methods of self harm. Iβve lost three of my batchmates ever since we started https://indianexpress.com/article/india/student-hangs-himself-in-jindal-university-hostel-room-6025963/. I have lost two of my batchmates to COVID and I canβt express how many friends have lost their family members. Do you think we are immune to mental health issues?
I think weβre all bigger than this. Please donβt exclude us for we are going through the same pandemic as you are. I really urge that all law schools stand in solidarity and get relief for ourselves. Thereβs no point of fighting amongst each other. If we stick together, we might as well achieve something. I urge @legallyindia to please report this topic as a proper news article. I request for solidarity among all law schools so we are not made to go through more than what we are already going through. The original post calls for tier 1 and jgls only, which is sad. I request that all law schools, regardless of what rankings the society has allotted to them, stand together in solidarity against academic pressure that everyone is being subjected to.
Source:
https://thewire.in/law/barry-sen-counsels-counsel
i) Sit down with yourself and rejoice whole-heartedly. You have managed to secure a job in the current market. It is no mean feat. You maybe lucky but that was not a consideration for your hiring. You did not have the moots or the papers but they matter very little once you are on the job. The recruiters might have seen some qualities in you that you might not be aware of. Probably, you are enthusiastic about work and are keen. That is must-have quality for a first year associate. So, do not put it down to you being lucky, put it down to the person you are.
ii) The studs don't survive because their egos can't take the everyday slogging. Prepare yourself mentally for the long haul. Take care of your physical and mental health. Get into a routine of working out and meditating. It will help you immensely when the partner/SA is barking at you incessantly for a deliverable that was due a day ago. Chalk out a way to keep your calm under pressure cooker situations. Such people are always valued.
iii) With respect to writing skills, you are not going to be writing blogs on the job. You will certainly be drafting stuff but you will have precedents for that. Keep reading those fiction books and read as many as possible, because once here you will not have the chance. You can read some non-fiction too. A person who knows more than just their profession is always good to have. It will help you build relationships. The partner/SA barking at you might find common interest with you which will help in the relationship bit.
iv) Start reading the pink papers, if possible. A corporate lawyer who is aware of what is happening around him is the best kind of corporate lawyer. Read about the transactions that are happening. You might just get to work for the same clients once you start working. Get a crash course in basis economics and financials.
v) Finally, enjoy yourself! This time will not come back. Shed the guilt. Invest heavily in your mental and physical well-being. The time that you invest now will pay you handsomely once you are there.
Before suggesting any topics/ resources, I do have some general advice/ warning. B&F practice tends to be (notoriously) volume driven - as an Associate, this means that you will find yourself pulling late/all-nighters more often than not. In most Tier-1 firms it is common to find even senior members pull insane hours, especially heading into quarter and FY ends (essentially, at least 1/3 or even 1/2 of the year is going to be intense). This will often come at the cost of your social and personal life - you will find it hard to stick to any given schedule outside of the workplace and your holidays would be peppered with calls from the team. Efficiency at the workplace will be rewarded with more work - there's no escaping long hours.
While I understand the urge to be productive, 'Associate'/'2.0's advice is valuable. There's nothing that you will not learn on the job - however, contrary to what 2.0 claims, you'll have to teach yourself a significant part of it. Make the best of your time now - maybe learn a language, pick up a hobby or just chill with your folks/ friends. If you are bent on being productive in the traditional sense, maybe learn more about personal finance or explore a field outside the law you probably considered while in school - you never know, may want to revisit it one day. If you seek to pursue higher education a couple of years down the line, maybe spend this time reading about colleges/ processes/ scholarships - will help you plan the next 3-4 years of your life/ mould your CV in that direction.
While I am sharing this list of introductory B&F topics/ reading list, I hope you prioritise spending your time on more important things.
1. NDA's debt funding in India series - gives a very good overview of the general fund raising landscape.
2. Understand D/E ratio (look up on investopedia) and learn to read Financial Statements - understand what each line-item represents.
3. Brush up on ToPA (mortgage, charge) - Prof. Sarathi, Contract Act (pledge, guarantee) - Avtar Singh, Companies Act (Private Placement, 180-186) - Ramaiah.
4. RBI's Master Circular on Loans and Advances (last one came around 2015) and the Master Directions - Interest Rates on Advances. While without any transactional context, it may seem like a long read, these circulars actually present a very good overview of what domestic banking entails. While no point trying to remember the contents, you will encounter various terms leading to a B&F rabbit hole and you could choose to understand the concepts as you please. If super-enthusiastic, could also glance through the RBI NBFC Master Directions - would advise against it.
5. Cross-border: NDA's article on offshore funding routes. Understand FEMA classification of debt & non-debt instruments.
6. Restructuring: RBI's framework for resolution of stressed assets and blog posts covering the subject of how the 2018 circular was challenged, SC's findings and current position.
7. Understand basics of SARFAESI (s. 3, 7, 13, 17), IBC and Trusts Act.
Goodluck!
@Kian: These threads are a very good idea.
The downside of course is the competition from CAs. Like it or not, they get practical exposure to tax during articleship days and also, the tax component of CA exams are rigorous, making them more adept at handling the subject. A typical tax lawyer only learns the tax law on the job whereas even the fresh CA is way ahead in the learning curve. So, a fresher tax lawyer is likely to have an extremely, extremely steep learning curve, what with trying to understand tax concepts, accounting concepts, other laws etc. Plus, you HAVE to be good with numbers or at least take every effort to reach at least an average comfort level with numbers. Excel skills are a given, and you cannot shy away saying you do not know how to use it. The biggest challenge is, most law firms (unless an exclusive tax law firm) see tax as only as an add on support service, due to which you never get the importance or respect you actually deserve. Career moves are therefore limited, because in order for a CA firm (especially a Big4) to hire a tax lawyer, you need to be exceptionally gifted or plain lucky. Another issue I have noted is that in the Indian context at least, clients prefer talking to a CA on tax aspects rather than to lawyers, in non-litigious matters. Since typically your clients are likely to be the CFO/finance controller/tax heads etc., they don't take tax lawyers seriously on non-litigation matters. Winning their trust takes time, though if you are good, you will get there. Indeed, the tax lawyer space is less crowded - but that by no means ensures an easy career! It's a difficult practice area to say the least. Growth is also slow and the likelihood of making partner in 6-7 years is not especially easy. Getting revenues is not easy and with super competition from half a million CAs, not to mention Big4s with their streamlined knowledge management systems and business development, life as a tax lawyer ain't a piece of cake!
So, take up tax law only if you are sure you are willing to put in at least four-five times the effort that an average corporate lawyer would put in. Good luck!
In tax practice, there are two broad silos. One is direct tax and the other is indirect. Although it may appear to an outsider that each silo is a composite practice, there are further sub-divisions. For instance, indirect tax practice is further sub-divided into GST, Customs & International Trade. A GST team, usually, would not be competent to handle customs matters and vice-versa. Broadly, those who practice in indirect tax would also not be very comfortable with direct tax and vice versa. By its very nature, tax is an intensively specialized field.
With regard to the difference between advisory and litigation, CAs tend to go towards the former while lawyers tend to gravitate towards the letter. However, you would also find lawyers working in advisory teams.
In the course of your career, you would hear that tax is the most difficult legally dense field to practice. That's true. The drop out rates are astronomical. Its complexity is notorious. The pro is that if you enjoy hard law, this would be the best practice since you would wrestle with complex legal issues on a daily basis. The con is the damn steep learning curve. In the first 10 years, there would be a constant feeling that you know nothing. After that, you would be able to ignore it.
The advantages of choosing tax are as follows:
a) Less crowded: Of the thousands who graduate into law every year, very few enter or could sustain tax beyond 5 years. It is less crowded and the tax bar is a close knit community.
b) No drudgery: Your work life would not revolve around templates. Each show-cause notice and every assessment year would bring something new to the table. You would be in the thick of law and as happy as a pig in muck.
c) Cross-application: Once you get comfortable with tax, you would find other laws easy. Personally, post 7 years of tax practice, I found FEMA to be a cake walk.
d) Independence: This is the easiest practice to set up your own shop and go independent. This is also a practice where a small team of 4-5 could manage the entire work. When you decide to go independent from the firm, you and a junior could do massive work in the initial few years. A body count is not required to succeed.
e) Posts: There are appointments for Standing Counsel, Tribunal Members, etc., which are open. Due to the less population in tax practice, the odds are good if you try for something.
f) No law school differentiation: The law school pedigree or its prestige do not matter. When your opponents are IRS officers and you are briefed by CAs(arguably one of the toughest professional qualifications) or Big 4, the measly national law school tag would be of no value. They would see through the bull shit straight away.
g) No crazy hours: Work life balance is possible except before final hearings.
The disadvantages are:
a) You may not like it or may be uncomfortable with the steep learning curve.
b) Elements of mathematics.
c) The pay is average at the beginning but fantastic down the line (15+ PQE)
d) Competition from Big 4/CAs.
The other piece to look into would be what kind of a tax practice you are joining, and whether the team comprises of a mix of CAs and lawyers or more lawyers. CAs tend to have a different approach to tax law and CA heavy teams can be more hierarchical (although not always).
And yes, I think the tech behind crypto has its uses: cryotocurrencies OTOH have no intrinsic value and are not a repository of value. This mania is a classic "greater fool" mania.
The other risks to consider which are India specific:
1. Cryptocurrencies are proposed to be banned by the Government: https://www.prsindia.org/theprsblog/ban-cryptocurrencies-understanding-proposed-legislation
2. If you're a firm lawyer, just ask yourself, why wouldn't the Government ban cryptos? The FEMA checks and balances are bypassed by cryptos and in a country which doesn't allow full capital convertability, it makes no sense to "invest" in cryptos.
If you want to do a YOLO WSB style speculation in cryptos, then atleast understand that it's a YOLO speculation.
And don't tell me how much you've already made: bad decisions don't equate to bad returns in the short term.
1. Save minimum 30% of your fix monthly payout
2. Investments-
a. MFs (SIP)
b. ELSS (SIP) (Tax saving) (1.5 lacs since PPF pays peanuts as against 14-18% CAGR of ELSS)
c. NPS (50k annually)
d. Health Insurance (1st parents, 2nd your self and 3rd spouse- if applicable) (children in case you have them)
e. Equity (Stocks) since I invest a monthly sum every month. I see it as an EMI
f. Small stacks of cash- 20k-30k each month into FDs (emergency funds)
g. Bonus payouts (50%- invested into stocks, 30%- lumpsum MF, 20%- FD or household yearly maintenance expense)
3. Try and remain debt free. Cash is the king and makes you take financial and life decisions with relative ease.
4. Do not spend more than 1/3rd limit of your credit card. Helps you maintain a healthy credit score for larger financial goals in life.
5. Prefer to live like a poor and stack up your investments which will surprisingly start compounding after 3-5 years.
6. Try not to take EMIs and treat your monthly disciplined investments as EMIs.
7. Barring HRA/ LICs/ Home Loans- lawyers can easily save 2.5lacs/ year with basic investments. DO NOT INVEST ANY LESS. Its your money. Use it wisely and buy peace.
8. Play for next FY on 1st April and not 1st Jan of the next year. Buy mental peace and discipline.
1) Get better at MS Word: As a Cap Marks lawyer, your primary job will be drafting/commenting on offer documents. Offer documents are legal docs and need to be formatted perfectly. Learn all the tricks - repeating headers in table, Para spacing, alignments. The more shortcuts you know, it is better as it will save you a lot of time.
2) Become aware of the Cap Marks transactions that your firm might be doing right now: you will necessarily be working on the precedents from these transactions, so it will if you already know the specifics of these transactions.
3) Read up on the types of transactions: equity transactions - IPOs, QIPs, FPOs, etc. Debt transactions: NCDs, international bonds, etc. Browse through offer docs of various types of transactions and try to get an idea of the basic law points.
4) ICDR: These regulations will be your go to for equity transactions, so get an understanding of the basic framework.
5) Enjoy this time off!! :Because once you start, there will be no end!
In some companies, the legal function gets a budget, and is supposed to provide all legal advise within that budget.
In other companies, "routine" work like contracts and commercial transactions, advise on regulatory matters, and other general advise to the business, is managed internally.
Some companies use law firms for non-standard work (M&As, IPOs, fund-raising, disputes). Such events are one-offs and include a budget for professional advisors (tax, legal, consulting). There can be a long process to choose the advisor, and to formally provision a budget, but once this is approved internally, there are no prizes for cutting costs.
If there's a change to law that can affect the business (the RBI guidelines on e-mandates is an example that can impact streaming companies), we will recommend to our business that we engage a law firm to advise, because this is a significant legislation that can make or break the company. A law firm is more likely to have their ear to the ground, and are also able to speak with government officials on a no-names basis. The business normally pays for this one-off advise, and they have an incentive to scrutinize and review costs. There is an internal approval process, but once approved, the Legal Department does not get points for keeping costs below budget.
Coming back to the "routine" work, where there's a discretionary budget for legal advise- in companies, every department head gets assessed on many things, including whether or not they have controlled their budget. Cutting costs may be a small part of your performance review, but it's not the biggest factor at all. In fact, many in-house counsel are regularly asked to cut "routine" costs- by building in-house capacity, or by rate negotiations.
This means that if your budget for one year is 100, and you used up 85, you will be asked if you can manage the next year with 80 or 90. If you spent 120, there can be a review process to see if you could have spent lower amounts, or whether the extra spend was because of a non-standard event like a large arbitration.
The summary of this long post is that there is no direct monetary reward that is linked to cutting costs. It is part of your job as a senior manager at the company.
Different companies have different rules on equity. You cannot compare Unilever with Amazon with Zomato (to pick 3 names at different stages of their growth trajectory). The GC will get equity (ESOPs or RSUs or grants) in line with the other functional heads.
Here is my advise:
1. Familiarise yourself with the standard documents signed in most M&A transaction - share purchase agreement, share subscription agreement, shareholders agreements and business transfer agreements. Knowledge of non-compete, indemnity and AVM provisions would be useful. There are several samples in public domain.
2. Read up and try to understand the process for NCLT approved schemes. This is a highly technical and procedural form of M&A, and not well known to many lawyers. Could help impress a potential employer.
3. Smaller firms tend to represent smaller companies, some of who could be start-ups - read about legal restrictions and permissions specific to start-ups in India.
4. Study FEMA provisions on FDI / ODI - these come up a lot in M&A transactions.
5. Most M&A firms / teams take-up a lot of general corporate advisory work, especially when transactional work is slow. Be mentally prepared for this, and try and keep-up with amendments to Companies Act, 2013, its rules and SEBI Regulations (the websites of regulatory authorities are a good source).
Also, if your college projects didn't teach you this - please pick-up word formatting skills. This skill is sorely lacking in many lawyers, and can make your work so much easier and better looking!
However, it's very overwhelming seeing a crowd of students going in the same path, doing better internships and publications than me, having better University tag. I really am interested in making a career in this niche area of law. I am looking for current working professionals on what skills do I need to build other than knowledge of law, in order to actually end up with a decent (don't see the dreams of ending up in tier 1 firms right out of law school).
Can we please narrate the good things about law firms? Hopefully, these experiences along with the previous thread will perhaps give us a better and balanced perspective about law firms.
Hope and positivity,
Curiously on LI since 2018
Curious kidd
With classes shifting online due to the pandemic, it has become increasingly difficult for juniors in college to approach seniors for guidance. Most juniors are not getting the guidance and are turning to folks who are charging them for drafting something as simple as a Cover Letter or a mock interview.
As much as I want to help, I alone cannot mentor each of them one-on-one. Thus, I am planning to create an informal network of seniors who work in law firms (A0/A1/A2/ SA1) who can guide juniors still in college about the internship and recruitment process, and be better prepared for law firm life in general. Each senior will be paired with only one junior (Donβt want to overburden anyone). Your seniors were there when you needed them, maybe itβs your time to pay it forward.
If youβre interested, leave a like or comment. If enough people like this post, maybe we can make this a reality. I will respond later with more details. Cheers.
a. Which areas of law should one brush up their basics on? Apart from arbitration, CPC
b. Any other tips to perform better as an A0 in the team?
1. Sudhir @ NLSIU
2. Mrinal @ NLSIU
3. Liang @AUD
4.Nigam @ Munjal
5. Anup @ NLUD
6.Aparna @NLSIU
7. Chauhan @ NALSAR
8.Rahul @NLSIU
9. Prabhash @ SAU
10. Bhuwania @JGLS
[youtube]https://www.youtube.com/watch?v=DEFUlI2wccg[/youtube]
Suppose you made 500,000 as 8% for an FY. That means you made the firm 5 lacs / 0.08 = 62.5 lacs in that FY. By the 3x rule, your salary should be justified till 20.83 lacs (62.5 divided by 3). Suppose you are an SA. You got 24 lacs as salary, 5 lacs as 8%. Thats 31 lacs (well above 20.83 lacs). That means you had a bad year and the year end bonus you get will be getting will be on your partner's discretion and on how well the team did.
Another example - suppose you made 10lacs as 8% for an FY. That means you made the firm 10 lacs / 0.08 = 1.25 cr in that FY. By the 3x rule, your salary should be justified for atleast 41.6 lacs (1.25 cr divided by 3). Suppose you are an SA. You got 24 lacs as salary, 10 lacs as 8%. Thats 34 lacs (still below 41.6 lacs). That means you are (at the very least) ENTITLED to a 7.6 lacs year end bonus.
There are some stupid caps above which you total salary cannot go, even if you billed a million dollars. And thats the reason why I will leave one day. But notwithstanding my cribbing, thats broadly how things work at JSA - super transparent, provided you can do a bit of maths.
I have been compiling salary figures from people who joined as A0s or from earlier LI comments. The following are the figures, to the best of my knowledge. If there have been any updates/errors, would be glad to correct it. For Luthra, AZB N, Trilegal, I am confident of the figures. Other firms, I think I am correct, but there is a decent chance that I am wrong by a lakh or so.
KCo - 14.4 (no bonus last year due to covid) +1.2(bonus in a normal year)
Tri - 15.4 (incl. bonus)
SnR - 18 (if you get max bonus). While the exact figure might be wrong, I think they pay the highest in the market.
SAM - 15 (no bonus)
CAM - 13.5 (no bonus, I think). Disc: I could be really wrong about CAM. I remember this figure, but I can't recall who/where I got these numbers from.
AZB Noida - 13.8 + 2.3
Luthra - 15.6 incl. bonus
TTA - 17 (if you get max bonus. This figure is kinda sus though)
Indus - 13.5 (I think this is all inclusive)
JSA is apparently 10 LPA to Junior Associates and becomes 13 +1.2 once you become an associate (this is from an earlier LI comment, and I have not verified it).
NDA - as we saw in the other LI article, is 17.4ish, but is a salary as against the retainership model of other firms. as a comment had stated in that article, this brings down the take home figures for an NDA A0 substantially.
Quite disgusting to see incorrect information as well as the usual frustrated rants of oh partnership doesnt matter etc from those who are probably not at tier 1 firms or those who didnt make partner at tier 1 firms. Set up your own firm people if you have an issue.
I stand by my previous criticisms of many of the academic decisions made by Prof. R. Venkata Rao during his tenure as NLSIU Vice-Chancellor between May 2009 and July 2019. The most prominent of these were the following:
(a) repeated misuse of provisions for re-evaluation; including hundreds of instances where the answer scripts were never sent to any external or internal teachers.
(b) the non-appointment of permanent teachers for over a decade; the last proper round of permanent recruitments of faculty had happened in September 2006. NLSIU had to wait till February 2020 for another round of permanent recruitments.
(c) non-application of mind in the allocation of teaching responsibilities, with several foundational courses having collapsed for a long-time.
(d) no serious scrutiny of course plans or teacher performance,
(e) blindly accepting student requests for condoning attendance shortages, even where students had hardly attended 50% of the scheduled classes.
(f) granting blanket extensions for project submissions and the like.
Such laxity was frequently justified in the name of popularity. All of those criticisms were made in my own name and they have been in the public domain for several years now. I am happy to discuss these points further with anyone who wants to do so directly. You are most welcome to call me or send an email. I will not engage further with anonymous comments here.
At the same time, I strongly condemn the practice of making anonymous allegations such as those made in Comment 4.1.1. by a person using the pseudonym 'What About?'. Whoever has written those comments should have the courage to come out with credible evidence to support some of the more serious allegations, be it against any person. Otherwise, it is quite pointless to be making such allegations now. I agree with you that handing out mementos to guests and providing hospitality to visitors is a trivial issue.
While I did openly support Sudhir Krishnaswamy's appointment last year, it is quite a stretch to claim that I and some others have 'planted him as VC'. That part of your statement is plainly wrong and deserves to be rebutted. His name was duly recommended by a Search-cum-Selection Committee consisting of Dr. M.P. Singh, Mr. K..K. Venugopal and Mr. Arvind Datar, which in turn was appointed by the NLSIU Executive Council. The mobilisation of opinion among alumni and students only started after there were visible efforts to obstruct the completion of the appointment process. I do have a high opinion of Sudhir Krishnaswamy's scholastic abilities and his commitment towards academic excellence. So do many others who have studied or worked with him over the last two decades. That is why many of us supported his appointment. That does not mean that his decisions are above criticism.
The experience of the past year has shown that he has rushed into several administrative decisions without adequately considering their impact on students, be it the hurried drafting of rules for conducting online exams (May 2020), the lack of clarity owing to the changes made to the scholarship policy (August 2020) and most evidently the attempt to hold a separate entrance exam earlier this month. This only shows that the wider NLSIU community (faculty, students, staff, alumni) must be vigilant in pointing out the fallacies in such decisions.
After the NLAT was announced (on September 3, 2020) I did reach out to Sudhir (phone call on September 6, 2020) and directly cautioned him about the very real possibility of writ petitions being filed against it as well as the adverse affect it would have on relations with the other Vice-Chancellors of the various NLUs. Several others had directly conveyed the same message to him. I was constrained from commenting on the NLAT publicly since the matter was sub judice until September 21, 2020. Furthermore, Prof. Faizan Mustafa had already put forward most of the arguments against it in the public domain. In my present institutional role, there was no need for me to express any disagreement with what Prof. Mustafa has already said through his articles published in LiveLaw or the videos uploaded on his Youtube channel. The situation is very different from that in 2012-2013 when I had criticised some of the academic decisions made by Prof. R. Venkat Rao. At that time, I was employed at NLSIU and it was my professional duty to draw attention to academic malpractices at that institution when most of the faculty members were keeping quiet out of fear of administrative retaliation. Let us compare that with the present situation. I have been employed at NALSAR since June 2013 and Prof. Mustafa who has a considerable public platform had already taken on the mantle of criticising the sudden decision made by NLSIU. There was also a public clamour against the NLAT announcement, especially from law aspirants, coaching centres and a majority of present NLSIU students as well as alumni from recent batches. Most of the objections were already being voiced quite effectively and the case was argued with competence before the apex court.
The pandemic has obviously heightened sensitivities all around and there is definitely a trust-deficit at the moment. What has happened in the last 32 years of the institution's history is less important when compared to the needs of the present. As for the personalised advice about 'taking losses', I can assure you that I have taken many of them over the last 20 years and I am still very much here. I do intend to continue doing my job with honesty and transparency irrespective of which institution I am employed at. If that is ostensibly a cause for 'further embarrassment' in the coming years, so be it. That is the path I have chosen.
1. Poor video resolution specialy if there is a light source behind the candidate. Very much dependant on CONSTANTLY good Internet speed and video freeze regularly occurred.
2. Too much static noise in audio. Impossible for laptop's microphone to detect whispering. Don't believe me? Call someone from Zoom/Meet/WebEx/Teams using laptop's microphone and unless you shout yourself hoarse, the other person won't be able to hear properly.
3. If any instruction is given out to a particular student, he'll feign audio issue and ask to repeat which gives him time to close the tabs and remove any meterials discreetly.
4. Eyes can't be mapped through human proctoring even if resolution is best. You just need the secondary screen to be beside the main screen. Also what if the candidate claims that he's using an Android Tablet on landscape as the mode of giving exam? In that case he'll be looking to the right of front cam and again kitnaa right dekh ra hai, ye kya CBI investigate karega, if student is in merit and denied admission on the basis of AI.
5. JARVIS is not real and we humans have our limitations.
(However, (as someone else mentioned already) - they will definitely not appreciate you writing /inquiring this way on a public forum.)
Why pull someone down? Please let me know what is achieved by stating this on a post mentioning a major move in their career to a firm that a whole lot of people do know of. Are you somehow mistaken that this entire website was built to cater only to you and what interests you? Or is it just a way to hide your envy and be happy when a few other lonely sods like this comment?
Also, I wonder if are you someone who works in indirect tax? If not, how will you know who these people are? You wouldn't know the names of most of the senior advocates practicing in Delhi, but asking "Who are these people?" will only make you look foolish and not dent their reputation in their circles - and those are the circles that matter. "These people/firms" are known enough; I'm sorry but you will just have to take my word and this LI article as proof of that.
If you're interested, even the AIBE is scheduled to take place in August. Although practically every examination of any kind has been deferred, the BCI has not adjusted it's timing in any manner keeping in mind the pandemic.
The delayed examinations and announcement of results anyhow means that a large number of students won't be able to give the AIBE, and those that have gotten provisional registration and have been able to sign up for the AIBE would be subjected to the risk of getting infected or not giving the bar altogether this year.
If you're interested and do a story, at least some discussion about the issue may take place since we know the BCI follows LI keeping in mind the last time you did a story on the AIBE they filed a defamation case against you, if I recall correctly.
2019: 7 NLS graduates. (https://www.legallyindia.com/lawfirms/cyril-amarchand-promotes-19-to-partner-4-to-partner-designate-20190531-10564)
2018 - 2 NLS graduates. (https://www.legallyindia.com/lawfirms/breaking-cyril-amarchand-promotes-12-partner-5-in-corporate-20180820-9492)
2017 - 3 NLS graduates (https://www.legallyindia.com/law-firms/cyril-amarchand-promotes-21-to-partner-20170328-8377)
Corporate is good for steady money;
You work hard for ten years and then you bear the fruits of labour with more steady money and better work life balance;
You donβt do any cutting edge legal work - but there will be days when you feel fulfilled and After ten years you will have time for family, hobbies, social work and life in general;
It is an easier bet as even a mediocre person with a lot of hard work will get all of the above;
If you are a star then - more money and more time to live a full life.
Litigation - absolutely no money for the first ten years. The Salves of the world donβt pay;
If your family is connected, very high chances of you doing well - go for it.
If you are not connected, everything depends on your merit and luck.
If both these factors are aligned, in fifteen years time you will be doing useful work, making money, but doubt you will have any time for anything else.
If you are a mediocre person and have no connections, you are in deep shit. In fifteen years, you will be just about to take your family to Manali for holidays and life will be a struggle - no time and no money.
Litigation is a gamble. More risk, more reward. So make your choices on what YOU want.
As for negativity at work - it is there everywhere. You will rise above it if you focus on your work and not on others work.
Just to show how toxic people's thought process has become here, I keep seeing every day how people who are not from NLU backgrounds are name called, badmouthed, their work and ability being questioned all the while by people who actually have no idea about it. Same goes for people without having a foreign degree in their CV. Every single person who makes these vitriolic judgment calls actually have no idea how education works or is supposed to work, regardless of the degrees they might have. A case in point, I came across a young NLU grad some time back, who despite having all necessary qualifications to get an NLU teaching job, has chosen to work at a small rural college instead. She believes that she can make a difference there and the nearby districts and their schools and colleges by spreading awareness and basic education about rights. Most of her work is voluntary, brings her no recognition, doesn't leave her any time to do higher research or fancy publications in SCOPUS journals that less than 5% people in the legal world actually read. In the eyes of people like you, she would belong to the dregs of legal academia, since she would have none of the spiffy factors that have been deemed by trolls to be considered the only qualifications worth having. Yet she has chosen to do this by letting go of more lucrative, so-called prestigious options. And she's making very small, but incremental and steady difference. To people who are actually educated, her contribution would be considered as much if not more than a 'star NLU faculty' who gives nineteen interviews to the dozen, says all the PC terms, annually publishes papers in SCOPUS indexed journals and always attends the latest conferences. However, neither any existing ranking nor trolls like you would ever be able to capture or realise that. Which is your failure, not anyone else's. Having known Professor Menon personally, I can say with certainty that he would have appreciated what this person has been doing. Your or anyone else's certificates or votes pale into insignificance before that.