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Yeah, so grateful that even after a decade of doing not-law, you're at an anonymous legal discussion forum, asking how much your law equivalent-peers make, even after spending a decade in a not-law industry. Life may have given you 'uninflated' and 'higher' numbers, but it still never gave you contentment and that is why you're here. You're not even asking a question here, you're just talking to yourself, trying to understand why, despite the higher numbers, you aren't happy.
So to answer a question you didn't actually ask: Lawyers make enough to make your skin crawl and your hands scroll LI even after all this time.
1. Provisional Degree Certificate
2. Address Proof (Both current and permanent)
3. Any document as identity proof (Aadhar card, EPIC card, Passport etc.)
4. PAN Card
5. AIBE Result (varies from firm to firm)
6. Bar Council Enrolment Certificate (within 6 months of joining the firm)
6. Stock & MF holdings disclosure for Insider Trading Form (also your parents and siblings if they are financially dependent on you or they take your advice for trading)
8 years. 21 hearings.
๐
could you please help/guide me a bit since I might want to take up a similar path?
State your opinions with reasons.
I have gained a fair bit of understanding and have been a part of many high profile matters, drafted some WSs but not too much drafting otherwise. I'm paid fairly above what can be expected from litigation but ofc it's less than half of what you'd get in a firm, I'm willing to discount my 1PQE. Any guidance as to what my options are and how I could go about this? Preferably Mumbai. Thanks in advance!
Iโm currently working at EY in the Strategy and Transactions division (Deal Advisory) as an AVP, and compensation up to the Director level is fairly well known. Directors typically make around โน60โ70 lakh in base salary, with a 40โ50% year-end bonus, bringing total compensation (TC) to roughly โน1โ1.2 crore.
A person typically makes Director at around 10โ11 YOE here, given the up-or-out policy. However, things change significantly at the Partner level.
Partner fixed compensation is broadly equal across service lines, with a minimum of around โน1.5 crore fixed. Keep in mind that it generally takes around 14โ15 YOE to make Partner here, compared with roughly 10โ12 YOE at Tier 1 law firms.
However, Partner compensation is not really about the fixed salary. Profit sharing and bonuses are exponentially higher than the base.
For context, my Partner currently makes around โน7.5 crore annually, and he isnโt even a rainmaker. He has around 23 YOE, including 10 years as a Partner. The rainmakers, particularly National Heads, are reportedly clearing โน15โ20 crore annually.
My Partner also closes approximately โน40 crore in annual books.
So, what do rainmaking Partners at Tier 1 law firms actually make? I am guessing between 10-30cr (it's a broad range I know)
Iโm asking because I always wanted to pursue Law through the NLUs, but I couldnโt clear those entrance exams and ended up pursuing CA insteadโwhich, honestly, Iโm quite grateful for today.
That being said, there is a possibility that you may also end up working with the GC team, which may not necessarily be ideal given the level of attrition currently happening at the firm.
โฎโฎโฎ
The upside, though, is that working with them could give you a lot of hands-on exposure. You may find yourself handling matters almost entirely from start to finish, which can significantly build your confidence and technical skills. โฎโฎโฎ
PLS MOD BUMP.THIS
Apparently they advise alot of legal professionals.
https://www.youtube.com/watch?v=KgIP66pgCfE
https://x.com/HALDERSAN/status/2090523860819140990/photo/1
https://www.barandbench.com/news/calcutta-hc-justice-suvra-ghosh-alleges-tmc-leaders-lawyer-tried-to-access-records-from-her-chamber-in-collusion-with-her-private-secretary
Next year cat so mba by 29 . Still Employable?
As this year slim chance of T1 MBA .
Or You don't recommend any gap year now as already old.
If recommend gap year what to do next year as in give govt exam like ssc cgl and switch if get it or just single focus on cat.
I be 29 in MBA too though as giving MBA this year in nov and getting T1 B school chance is slim. Is it ok to be 29 in MBA with no work ex.
Btw what to do in this remaining year give govt exams like ssc cgl, bank etc or just prep for MBA and no other exam in between. What if I crack some govt in this one year exam take that job??
Or you suggesting MBA from T1 this year only anf don't suggest one more gap year at this age.
Only few aged arguing counsels left in delhi like Abhishek Anand, Sandeep Bajaj and Sumesh Dhawan.
Biswajit Dubey also is good.
If slightly younger lot then can consider someone like Tishampati Sen, Gaurav H Sethi or Chitranshul Sinha.
Other names in the thread are generally filing counsels and not seen them much doing final hearings.
SS RANA
SIM AND SAN
Indus
DSK
Remfry and Sagar
Saikrishna
If you currently don't have referral, search for one among your contacts / extended network, or make new friends/connections who might give you a referral
But regardless of that, law isn't the best degree you want to choose at this age of you want to earn money. You would be 29 by the time you graduate and 3 year batch at NLS is not the same as BA.LLB batch in terms of placements. Also as an old person with no contacts you would most probably be a victim of ageism in the sector and would have to constantly justify the gap years everywhere you go. Try for MBA
Bluffing is the worst, but the competition is so so so cut throat, its not possible to not bluff.
Ethically i agree with you. but practically i differ.
https://www.bbc.com/news/articles/cevmrjd9lj1o
https://x.com/gautambhatia88/status/2090398094957646141
https://x.com/nathancofnas/status/2090416033072861245
1. The partner or interviewer does not encourage you to ask questions or responds to your questions ambiguously or in very brief without revealing too much info- that means there could be lack of transparency 2. Everything about the partner or the team sounds too hunky dory - donโt fall for angel or smiley faces- sometimes the angry birds are better bosses or mentors may be just overworked or frustrated
3. The interviewer is moving very fast with the whole process - I.e., they make you an offer within 2-3 weeks or even less; this could mean there is lot of attrition and/or team is severely understaffed
4. You are not asked too many questions at the interview or there is no technical round- you could end up doing only grunt work for sometime -you will be nothing but a cog in a wheel
5. The partner/interview does not have any specific expectations from the candidate- his or her wish list regarding the candidate is abstract or unclear - leadership has no vision for the team or doesnโt care if the team members fit in
6. The interviewer keeps cutting you or interrupting you while you speak, additional questions are asked before you could complete your response - very poor communication skills - big red flag
7. No questions are asked about your family or personal life or hobbies or interests or future plans - youโll be only slogging in the factory
8. You are called for an interview with one partner but end up interviewing with and /or getting an offer from another partner in a different team- this could mean the partner whose team youโll be joining doesnโt have a good reputation
9. You are told that your previous experience doesnโt count even though you are not changing practice areas - you will be assigned grunt work or there will be too much micromanagement
10. While speaking to the partner you suddenly donโt feel like yourself or you are either too nervous or too confused as compared to your interviews with other partners and you canโt understand why -trust your gut instinct- basically the partner could be a red flag for your mental well being or your nervous system
11. The partner is not too old but still looks like he or she doesnโt take care of his or her health - looks too unhealthy, too worn out or too tired - so there could be no regard to your physical health and you taking care of yourself could be frowned upon
12. The practice area you are being hired for is not the core or main practice area of the main partner- this could become a major concern later on if the firm is a tier 1
**The list is endless but if you notice something weird or feel something is off during your interview itself then please dig deeper
Donโt trust reviews on LI blindly but donโt completely disregard them either- do a proper investigation regarding the partner and team through your batchmates and friends- recruiters shouldnโt be trusted at all
- GCs shrinking annually
- Muslims increasing by a big number annually
- OBCs increasing by a humungous number annually
He says the third statistic is humanly impossible and hints at GCs being reclassified as OBCs.
If this is the case, then can we infer:
- This is happening mostly in the Hindi belt, given the demographics and Mandal politics?
- That the OBC quota is being dominated by this region?
- That a lot of the OBCs are reclassifed GCs?
Anyone in NLUs care to opine?
https://pbs.twimg.com/media/HQIultZbYAE8bEC.jpg
- "It has become increasingly common for certain newspaper publications to report on University matters based on unattributed social media posts and purported private communications, without corroborating these claims against publicly available facts or verifiable documentary evidence."
- "The University is issuing this statement to set the record straight and to reiterate its expectation that media coverage concerning NISIU be based on verified facts and, where claims are contested, on due diligence with an opportunity for the University to respond
before publication."
Really? Which report was false?
- About the protests regarding poor infrastructure?
- About repeated lapses and your failure to address them?
- About the fact you DID seek a meetign regarding the convocation?
- Abotu the fact that you refuse to comment when the media DOES approach you?
https://x.com/NLSIUofficial/status/2089657561603887374
I think Bajpai is quite open to discussions, has been very liberal and listens to students. Does get good people to university. It is NOT easy being in capital. I am assuming Manoj Sinha is also good.
Look at the place where faizan and VCV are. Tough grounds again.
I feel surya prakash needs to revamp nliu because the old people won't allow anything. So not sure if he has that hold. But I can these positions are not easy.
Don't know much about Ved kumari and Usha Tandon as administrators. They have been decent teachers.
But yes Jai shankar and messiah for the win.