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I’m 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 ₹60–70 lakh in base salary, with a 40–50% year-end bonus, bringing total compensation (TC) to roughly ₹1–1.2 crore.
A person typically makes Director at around 10–11 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 ₹1.5 crore fixed. Keep in mind that it generally takes around 14–15 YOE to make Partner here, compared with roughly 10–12 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 ₹7.5 crore annually, and he isn’t even a rainmaker. He has around 23 YOE, including 10 years as a Partner. The rainmakers, particularly National Heads, are reportedly clearing ₹15–20 crore annually.
My Partner also closes approximately ₹40 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)
I’m asking because I always wanted to pursue Law through the NLUs, but I couldn’t clear those entrance exams and ended up pursuing CA instead—which, honestly, I’m 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.
▮▮▮
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. ▮▮▮
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 - don’t 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 doesn’t 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 - you’ll 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 you’ll be joining doesn’t have a good reputation
9. You are told that your previous experience doesn’t 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 don’t feel like yourself or you are either too nervous or too confused as compared to your interviews with other partners and you can’t 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 doesn’t 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
Don’t trust reviews on LI blindly but don’t completely disregard them either- do a proper investigation regarding the partner and team through your batchmates and friends- recruiters shouldn’t 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.
TMT is a broad bucket (abbreviation for Telecom, Media, Tech). The term was created when there was growing sectoral regulation due to advancements in these industries, and existing laws were not sufficient to fully address the issues arising therefrom.
Over a period of time, and in particular, more recently, TMT has been used to cover any upcoming area of law - Fintech, Media and Entertainment, Gaming - essentially anything that may have an interplay with either the T, M, or T. As pointed out above, this primarily includes data privacy, telecom, media, and tech regulations.
Certain TMT teams have specialised focuses - for instance, Harsh Walia at Khaitan & Co specialises in Telecom. Jaideep Reddy from Trilegal and Smita Jha from Khaitan & Co focus on Fintech and Crypto. This does not, however, mean that they do not advise on other areas of law that form part of the broader TMT bucket.
IPR, being a separate field of its own, has separate specialised partners that work in the industry. It is very rare to now see an IP team also advise on general TMT laws. You could argue that the AZB IP teams do broader work than just core IP, and therefore, are TMT teams. However, they continue to be characterized as an IP practice (whose core focus would be trademarks, copyrights, and design prosecution work, along with transactional support to their corporate and M&A teams).
The opportunities are fewer given that the number of partners in the industry are limited. However, if you make it to a Tier 1 practice, the pay is often at par with other corporate teams. Your bonus will directly depend on the amount of work your partner brings, and a function of how well you bill (or appease to your partners). There is differential pay in certain "IP" teams but the pay still exceeds what is paid by pure boutiques.
Main goal is government job but getting afraid seeing so much competition and so much people giving every single exam and unpredictable pattern and all of exams.
Just started prep almost at zero want to be someone or something soon as arranged marriage age and all ending soon and got no luck at love as weirdo shy though ok looking. No model maybe just average looking.
Pls help each day is hard as no job.
My school people are in law got into top nlu now in tier 1 firm other got in iim and now in bcg and McKenzie etc. Sorry for spelling idk. They were all commeerce.
Few science ones got into iit and one even did upsc other in ssc dentist doctor mbbs etc.
And I failed though was smart and ended up a physiotherapist.
No money for business or anything. Not even for iim would like to get fms or tiss as poor.