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8. Merchant Bankers not to outsource its core merchant banking activities:
8.1. In terms of amended clause (i) of sub-regulation (1) of regulation 9A of MB
Regulations, Merchant Bankers shall not outsource its core merchant banking activities from the effective date. Board has been empowered to specify time and manner of compliance of this provision for existing MBs.
It is, accordingly, specified that an existing MB having an open mandate/ existing agreement as on effective date, through which core merchant banking activities have been outsourced to a third party, shall be required to close the same within ninety days from the Effective Date. i.e., on or before April 03, 2026
When ever I apply to any firm for internship I get an automatic generated rejection email stating that there are no more vacancies in the firm. The firm is running at its full. But I usually apply before 8+ months.
So thinking very practically I don't guess that there might be all the seats for an intern position filled but it might be my ATS score which might be responsible for this act.
Are the hiring prospects really that bad?
I don't mind being unemployed for a few months.
I would just appreciate if someone shed light on this.
Anyone heard anything yet
to hit or fall with a heavy, dull sound (like a thud), to beat strongly and rhythmically (like a heart or drum), or to strike something forcefully, often with a fist or heavy object, making that dull sound.
Well what about this then? Where's your statement against Trump and Md Yunus? C'mon, prove to us that:
1. you don't fear visa rejections for your US LLMs
2. you don't fear criticising liberals like Yunus
While this is really helpful, there's one further thing I'd like to know if you can provide insight into it.
How to navigate lateralling vis-a-vis the place you're working at?
Do you tell them you're leaving because you're are going to another firm?
Do you just say you're taking a break, want to shift to another city, etc? (lie)
(Can't see how this will work out in the long run because you're definitely burning bridges but at least you could get your exit secured).
Basically how to ensure good relations with your current firm and that it won't be vindictive/provide the necessary exit formalities.
I got selected for a ppo interview but have not been interviewed and its been about 6 months
.
Tele id - @doomedlawyer.
Does anyone have insights on what his work is like? Pay? Hours? Not often that you see a first gen (or so he calls himself) doing well. Curious to know how he and others of his like might be fending.
https://www.linkedin.com/posts/kartik-seth-1b839a1b_chambersofkartikseth-todarmalroad-bengalimarket-activity-7410360898718097408-1ys2?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAADxpFKYBicOP0dwosE9uB47KlfWemhcZarA
8. Merchant Bankers not to outsource its core merchant banking activities:
8.1. In terms of amended clause (i) of sub-regulation (1) of regulation 9A of MB
Regulations, Merchant Bankers shall not outsource its core merchant banking activities from the effective date. Board has been empowered to specify time and manner of compliance of this provision for existing MBs.
It is, accordingly, specified that an existing MB having an open mandate/ existing
agreement as on effective date, through which core merchant banking activities have been outsourced to a third party, shall be required to close the same within ninety days from the Effective Date. i.e., on or before April 03, 2026.
On one point, I do agree with Gopal: far too many people have designated themselves far earlier than warranted.
Iโd add Gopal to that list.
Anyway - no one honestly asked you for your opinion on comparison with litigation and the original post wasn't even about it. Clearly the number of votes the OP has gotten proves ppl benefitted from it. Thanks for your time and attention.
Evidence of this is visible even within the most demanding Tier-1 firms. There are senior partnersโsixteen years into practiceโraising children, living well, and remaining professionally formidable. Many of them are driving BMW's and Mercs. Some are already being chauffeured in Maybach's. Their lives are not miracles; they are outcomes of sustained competence.
By contrast, there exists a quieter cohort: individuals unable to secure or sustain meaningful work, living in permanent uncertainty, often dependent on their parents well into adulthood. This is not bad luck masquerading as injustice; it is usually the absence of aptitude meeting the realities of a competitive profession.
The conclusion is uncomfortable but necessary. One should enterโand remain inโthis profession only with the conviction that one has the temperament and ability to build a complete life within it. If marriage or children feel impossible because of the job, it is not the job that is slowly destroying you. It is the mismatch.
And I would really like to see how being taught by 'big names' actually translates into employability for you LLM 2024-2025
I am in college but I run most mornings. I am pulling 100 120 kms weekly. It's beautiful here. Workout is not workout for us runners. Make it a lifelong commitment.
But just a heads up- JSA has the worst HR when it comes to internships. They take months to process or even reply, and even then don't do give you a proper confirmation. But if you still want to get one, keep mailing them ig
Job is mostly commercial contracts and advisory.
What are your views on this?
Just FYI I am not a left-winger unhappy about the tilt towards the BJP. In fact, I'd be quite happy if a right-winger like Sanjeev Sanyal became Chancellor or VC.
In fact, in my view it makes sense to learn the ropes in-house and move laterally to a law firm much later in life if you want the money, when the stress is less physical and more mental. Strangely people start at law firms, give their youth to it, and when it comes time to reap the benefits at partner level, get burned out and move in-house. Never made sense to me.
All the best.
It's been a couple weeks since the results came out and I have been in a state of emotional numbness since. Nevertheless, I will most probably be getting HNLU (a good college, I believe). However, I can't help myself shake that "not good enough" feeling. The idea of "top 6 = respect+secure future" has been drilled so deep into my mind that I feel like I have let myself and my family down by being unable to get into a Tier-1 NLU. I feel a sense of inferiority within me whenever I see someone from a Tier-1 NLU. Even though, this was my 2nd attempt and logically, I think there isn't so much that I can improve, I still find myself contemplating taking a partial drop. However, that leads to its own set of problems like "will I be able to manage my college and CLAT in such a way that even if unsuccessful, I would be able to carry on with my college as if nothing ever happened?", "will I even be able to improve my rank?", etc.
I worry whether I should even continue down this path or just look into some other field altogether. Upon some introspection, it seems like I think that the difference between say, NLIU, and HNLU is so vast that it is best to just re-attempt. I don't know what to do at this point. Maybe I can genuinely do better or maybe it's actually the college that I deserve, but whatever it is, the unpredictability of CLAT just worsens the situation. Any help would be greatly appreciated.
P.S. - I have heard at some places that there is a pay disparity in jobs just because you're from a Tier- 2/3 NLU, is this actually true?
1. Lateral hirings boil down to two things- luck and timing.
2. Most important- information. Keep your eyes and ears open for potential openings. Ask your friends to inform you about potential resignations in the team. Apply directly to partner as soon as you have wind of it.
3. Helps to have friends. Ask your friend to put in a word. Usually helps (a lot).
4. Other than 2-3, the usual route- through recruiters. Tougher owing to the sheer number of applicants for a potential role.
Best of luck.
How can we believe him?
Female partners who do this are just going through something. Take what is yours, they may affect your growth but after some time, people will be forced to accept the norm. these partners come in personally cause they know can't say it out loud.
All men partners keep making babies as they can work and it doesn't affect the work (sad that they are that uninvolved). Its a big congratulations there but people really forget the changes in the body and the time it takes to keep a human safe. If both men and women raised a kid - the father would also have to be home on time - some days if not everyday and maternity leave would just be a lot easier in these nuclear set ups. Work can pause and always be managed. For people who say this put a burden on them for other people's work - are just stupid. it's better to not respond and just say will let you know. i rather believe these people should be names and shamed.
i have done my fair share of research.
1. there is a single placement cell for both BA LLB and BSc LLB. yes a batch hasnโt graduated till now but BSc LLB students get good internships if their CV is good (words of a senior who is pursuing BSc LLB there not mine)
2. Accommodation are 1/2 km away and there are buses operating all around the day to take you to and fro. the academic campus is the same from this year apparently.
3. According to seniors, while there was some discrimination in the first batch, it has reduced if not almost finished. There are no differences in opportunities and both BA and BSc students take part in all the activities equally. also apparently the new vc is pro bsc (?)
4. you have got to think about that.
I am too stuck in a similar situation. After entering into IDT practice I have realised that in the long term it is not a very rewarding career for Non-CAs.
Can we connect and figure out any possibility to switch.
Your professors should not be ridiculing you but we don't know the context. Did you go and try to start debating him without an appointment? What was your tone? Maybe you should think about your own motivations in starting the exchange. A good education changes how you see the world. Sometimes it shows you that you are right about certain things. But if you are afraid of being wrong and want to attack instead of learning, then you will not learn. It is not your job to decide what the professor should or should not do. It is your job to decide whether you can have the kind of conversation that will allow you to learn as much as possible from him.
Long story short, even though execution time for completing deals will shorten up the number of deals will increase. Therefore, unemployment due to AI should not be on your bucket list to lose sleep over.
That said, while T1s have closed their hiring, there can always be team specific vacancy. If you are from a T1 that allows you to intern during the semester break I would recommend that you reach out to your past partners and request an assessment internship for a longer period, especially since you've mentioned you have performed well.
If the partner is unwilling or unable to accomodate for an assessment internship, you can explain your situation and (if you are on good terms and they are happy with your work) request them to recommend you for vacancies in other teams or even firms.
If you are not on good terms with your partner, or haven't ever interacted with your partner, loop in your college rcc and request them to reach out to the hr and partner. From what I understand a few T1 college rcc already do this.
If you are from one of those T1s that don't let you intern during the semester. Repeat the above but for a placement interview.
I would also recommend applying to tier 2 firms and a lot of boutique firms which are at the top of their game for their specific niche. You can later try for a lateral shift to a tier 1 firm.
All the best!
Coming to the episode, for me two things stand out:
- It basically shows that Hyderabad's rise as an IT capital was based on a complete lie.
- When Sucheta Dalal cals Satyam a "lala company". This expression is repeatedly used on LI to describe certain Indian law firms. Same mentality?
1. Law is a field of connections. If you have connections and donโt use them, youโd be an idiot. Itโs not a field as idealistic as you want it to be. It may seem unfair that someone gets opportunities via connections, but connections are an asset. And you need to know how to leverage your assets in this field. The good part about connections? You can make your own. It doesnโt need to be a parent putting in a good word. Approach people you interned under, college alumni since youโre apparently in a great college, even LinkedIn. Build connections, thatโs one of the only sure shot ways to survive in this field.
2. Competence beats everything else. If youโre competent, a team or a firm will make space for you. Sure, you may have great internships on your CV, but ask yourself why the team didnโt hire you despite that. Maybe you didnโt know basics, maybe your work quality wasnโt good enough, maybe the team didnโt see the interest they expected, maybe you didnโt converse with them enough: a million things could have happened which made them feel you werenโt good enough. And this goes beyond grades and college and connections. I know people who started law school 5-6 years after high school and now have jobs in T-1s, people who are known troublemakers in their colleges yet got PPOs from, people who know far lesser stuff than I do yet about a field of law, yet got campus placements. Yk what they all have in common? Theyโre pretty good at what they do. You can improve on this. Take a sheet of paper and write down the feedback you received from each internship. Maybe even ask anyone youโre still on good terms with in the team you interned at for honest feedback, not the whole we donโt have vacancy stuff. Work on it, and continue trying to get other internships and opportunities. If youโre competent, something will work out for sure. It may not be what you want, but it will be something.
ATB!
You have two options: first is either keep blaming your college or circumstances (which seems to be what youโre doing.) Itโs not good though, as it wonโt lead you anywhere. I may not be in a position to say this, but youโve got to be way tougher than this if you want to survive in this field. Connections and competence aside, law as a field, especially with the rise of AI, needs grit to thrive in and you donโt seem to have that from your post. Maybe you relied too much on your college or maybe you thought things would automatically work out- but they donโt. You have to strive and work to make things happen, sometimes way more than others. Itโs unfair, yes, but sometimes inevitable.
Second, you start working to make things happen. Sure, it may not be what you want: maybe youโll end up in a T-2 or T-3 and grumble, but at least youโll have something good. Look into options: you have firms, judicial clerkships, in-house opportunities, LLMs. You can do a number of things to survive and make your situation better. The only question is if youโll do it or not.
Maybe you wonโt end up with anything in 2026 either. Thatโs fine. Whatโs not fine is not trying.
FACT: There is no T1 any more. NLSIU is the only good NLU out there, because alumni are running the place now. Thanks to corrupt VCs, pathetic faculty, mindless expansion and populist reservation policies, all other NLUs have become pathetic. To make matters worse, most elite families now send their kids to Jindal. They scoop up good jobs because of their social networks, reducing the number of available jobs for NLU grads.
So donโt have any expectations or entitlement because you think you are in a supposedly top law school. Have a backup plan, like an MBA.