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the original thread is here: https://www.legallyindia.com/convos/topic/221940-crowdsourced-open-and-fully-editable-list-of-salaries-in-indian-law-firms#comment-221940
As for the alleged notoriety, it seems to be the fate of all elite institutions: everything happening inside these places acquires a disproportionate emphasis. The good that happens is expected and rarely invites comment and the bad that happens is frustrating and gets significantly greater attention.
1. Join the UPSC Group A service
2. After 2-3 years, resign and complete an LLM from abroad (with full scholarship)
3. Come back and join a chamber in Delhi where juniors get paid
4. Slog for next 10 years atleast.
But to answer your question- NO you wonโt lose out if you donโt join the practice immediately
If so, did anyone make a copy and can share it here? (even if it might not be updated to the date), and for the longer term, has the team thought of other alternatives, so that whoever is reporting the sheet, doesn't unnecessarily get it down again?
This is a little urgent - so if possible, kindly do moderate this faster, and let us know of any updates.
Thanks a lot!
This was a CAM-Mumbai-Fourth-floor partner of course.
1. The working hours are stretched
There are no real working hours. You'll work late nights, weekends and even holidays when required and then leave is not respected. One of the partners was on vacation recently and still worked through the holiday. That's the culture.
To be fair, there is an initiative to reduce weekend work through Friday planning calls. Nobody is denying that it exists. But if you're in the teams of the two APs, it changes nothing. They have so much work that their teams still end up working weekends because the work has to get done. So joining one of the AP teams means you'll learn the most, but you'll also carry much more work than everyone else.
2. The Corporate team runs on the backs of two APs.
Everyone knows there are two APs who do most of the work and are the most exploited people in the team. One is treated worse than a paralegal by the leadership. The other is under unbelievable work pressure. If you're in their teams, you'll learn a lot because they know their work, but they barely have time to mentor because they're drowning in work.
3. The Head of Corporate is the biggest issue.
Most problems in Corporate start there. Work gets dumped on the same people, favourites get different treatment, and everyone in the team knows it.
She made different teams and announced that she would personally train people and do regular calls with them. It was made into a big initiative. She didn't turn up for any call. Lots of announcements, lots of promises, and nothing actually happens. All show, no substance. The Senior Partner will never say a word to her (everyone knows why) and therefore what she says goes.
4. You need to fall in line
Leadership clearly prefers people who keep them happy and agree with everything. Even new partners are expected to fall in line. Your growth depends as much on politics as performance.
5. Salaries, hikes and promotions have no transparency.
Salaries are not good for the amount of work expected. Increments are poor unless you're one of the deciding people's favourites. Promotions are slow and completely unclear. Everyone knows hikes depend more on favourites than performance.
6. Learning depends on luck.
Some partners are excellent lawyers and some matters are genuinely great. You'll get very good exposure if you're staffed with the right people. But there are also partners who add very little, and getting staffed with them hurts your development (mostly other partners in corporate).
7. There is basically no HR or feedback system.
HR is a silent spectator. There are no proper reviews, no meaningful feedback, and nobody to escalate workload, salary or people issues to. It honestly feels like there is no HR department.
8. Attrition says everything.
The Corporate team can't retain people. Associates keep leaving for a reason. People don't leave because there isn't work. They leave because of the workload, politics and favouritism. Nothing changes despite so many people leaving.
9. Real issues are blamed on the wrong people.
Whenever something goes wrong in Corporate, blame gets shifted onto certain people. Everyone knows where the actual issues are and who the actual problem is, but nobody will do anything about it.
10. Integrity is only expected from juniors.
The firm talks a lot about integrity, professionalism and not gossiping. The irony is that one of the top partners in Corporate spends most of the day gossiping about people. Different rules apply to senior leadership.
Use KLA Corporate as a learning place for 1โ2 years and leave before Senior Associate. That's probably the best use of this firm.
Before accepting an offer, ask which partner and which location you'll be joining. This is the biggest factor in your experience. If you're joining in a senior position, ask your exact role and expectations clearly. Ask how salaries, increments and promotions work. Ask about the review and feedback process.
All the best!
The anglicised elite now mostly live abroad. Those living in India send their children to Ashoka and Jindal.
Please post this in some relevant sub on reddit, you are more likely to hit gigs there. This platform is full of naysayers.
Also, SAM, CAM and S&R are broadly at par in terms of compensation and international opportunities. The primary difference lies in the nature of the mandates. At CAM and SAM, you are likely to get more exposure to company counsel work, in that order.
CAM has a team of over 100 lawyers, which naturally allows for somewhat more breathing room compared to some other capital markets teams. That said, you will be working under significant pressure at all three firms. Choose wisely.
How does the procedure to apply even work since I'm told Khaitan has a strict 1-month and 1-internship policy but I know of people who flout both these norms. Is it only through having contacts inside the firm or is there a separate application procedure for these positions?
is there anyway to connect with you?
SHE MADE YOU.
1. Make the 3 premier NLUs (NLSIU, NALSAR and NLUD) super-meritocratic and open only to CLAt toppers. Zero reservation.
2. Have 100% reservation in the remaining NLUs.
3. No reservation in Jindal or Symbiosis.
1. Convocation cancellation and standoff with BCI
2. Infrastructure collapse and campus protests
3. NLSAT exam discrepancies
4. BCI approval listing delays
5. Umar Khalid documentary screening and ABVP
https://www.barandbench.com/news/nlsiu-convocation-was-cancelled-after-students-rejected-demand-to-publicly-invite-cji-surya-kant
https://timesofindia.indiatimes.com/city/bengaluru/nlsiu-students-stage-night-long-protest-over-hostel-facilities/articleshow/131076885.cms
https://www.youtube.com/watch?v=iTEY2CSVxC8&t=4s
https://www.barandbench.com/Law-School/nlsiu-tnnlu-gnlu-still-not-on-bcis-approved-list-of-law-colleges-deadline-extended-for-fifth-time
https://www.barandbench.com/news/abvp-continues-push-for-cancellation-after-nlsiu-defers-umar-khalid-documentary-screening
20 L per hearing
I donโt want to keep my savings in an FD, and I currently have a high risk appetite, so Iโm comfortable investing most of all of my savings in stocks/SIPs.
How does a regular retail investor navigate insider trading rules? What should I be careful about to avoid inadvertently violating them?
Not that this is entirely the fault of the students; this environment has been nurtured by the administration itself, where the professors and the course curriculum reflect a distinct ideological bias, and opposing ideas and arguments are shamelessly muffled by your own peers. The students here, (the moment they find out that you're a right-winger) will resort to all kinds of foul language and cyberbullying.
Idea is to see whether AZBโs leadership is truly willing to put in effort to this effect
We know the men who worked and had things tick along. In return there were attempts to โฎโฎโฎ
Someone lead the internal lynch mobs from the shadows which clearly you're a part of. โฎโฎโฎ. I can drop names but that would be a disservice to them.
โฎโฎโฎ Defend your bread and butter, but expect a stink. Now when those people who rebuild on their own, you mock them. Just sit down.
Only T1 hacks pigeonhole themselves.
Have a specialty but take opportunities to develop working knowledge of other law.
โข Out of multiple teachers in a course barely 1 or 2 are good in teaching
โข They are very bad at responding to student query mails. Seems like the founder operates the query mail ID (which is also the ONLY mail ID of the platform btw) himself and that's why he barely responds
Never waste your money on this course despite the fact that their courses are available for fraction of worth of other platforms. You are better of taking the Rs100 - Rs200 courses of โฎโฎโฎ and โฎโฎโฎ rather than this.
If youโre choosing a CAM, avoid โฎโฎโฎ โฎโฎโฎ team. Doesnโt know anything.
Thanks
SEBI/RBI roles look lucrative but are hard to get through unless you have contacts.