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The work culture was not great in my opinion; the firm has working Saturdays which are WfH, the senior associates can be rude or dismissive, and the HR is like a school teacher. It is not the worst you will see, but it is certainly not good.
Miracle! Miracle!
However I notice that every murder is being National outrage in India nowadays... I wonder why???And this is not about foreigner getting murdered....something deeper at play
@OP Pay for an Associate at Lex Consult starts at 85k per month (bonus additional).
Are increments and bonuses actually delayed?
So here it goes. Lawyers in 10 years do not make them partners at the end of the decade if they are not ready for it. The promotions from associate to senior associate and so on are performance-based at times. Dont know if this happens on every firm.
Second those principal associates/managing associates/counsel/partner designate are not made partners until and unless they are capable of it. Mostly firms train these new soon-going-to-be-partners.
Some are made to resign because they are not able to generate revenue for the firm. [Recent Dentons to Burgeon Law]
Some leave to join small firms to have a more relaxed work-life balance.
Others leave to start their own practice.
Dedh Footiya in Vastaav kinds
1. So the 2020 batch and onwards are the most detached batch of NLUO and its history. Although 2020 batch had the taste of some old seniors of 2017-22 and 2018-23 batch, but things wen spiral after they graduated.
2. 2019-24 is the batch that set a precedent of zero interaction with juniors and the most lethargic batch, which followed down the lane of upcoming batches.
3. VC changed the whole culture of how students interact with their seniors and juniors. This led to a situation where Student Council voice was shut and Freshers were overtly protected from even having a conversation with senior batches. This led to the extend wherein, there is not much of engagement between the juniors and seniors.
4. The inclusion of 3 year LLB was another blow to it. The first batch is the worst. A University of National Importance, decided to induct the first batch purely on the basis of first-cum-first serve. The worst decision to ruin just for some extra revenue. The result was expected. A group of oblivious and ignorant people who are more into student politics and creating rukus with the 5 year LLB. Even the first year of 3Yr LLB are more sad for their seniors.
5. The crowd at this point of time is more of self-engaged personality.
The culture that NLUO used to have been now gone.
Question 1: Please share how bonus is allocated among associates in SAM/CAM/AZB/KCO/Trilegal/S&R. In addition to your partner's review, what else matters? If I am an A1 at one of these firms, how much can I realistically expect if (a) My team achieves its billing target (b) if it is close to billing target. Also what is the ideal individual billing at A1 level.
Question 2: What are the expected bonus payment timelines? Some firms retain a certain percentage of bonuses which is distributed in April/June to as late as October, November.
If each of you can chip in about your individual firms, we will have a holistic idea about the market.
Thanks
How can i be a great explainer?
I've found that it's a lot about vocabulary and memory of word placement, which can be done two ways primarily: (1) reading (2) keep talking. (2) is least possible for me as i am sort of an introvert. So, this leaves me with (1). But the problem isβmost of the commentaries are a dry read, which doesn't build the ideal vocabulary.
Suggest some readings which also have some meaningful connection with law.
29 days per FY.
No encashment. No carry forward.
So I joined my first ever corp internship at a T1 firm and experienced this; The associates were too busy to mentor us and expected us to know everything before hand.
Problem is college does not teach us these things and the only way one can learn is through these internships ( college is T1). On the first day itself I was assigned a task- pretty clerical, I did it but took a lot of time because it required me to sift through multiple documents. After that I wasn't assigned work at all or if assigned it was insignificant.
Mind you, this is a small team. Another variable in this equation is an assessment intern who while wasn't getting significant work, was still getting more work than me. I asked my team for feedback and they said they weren't in a position to assess me since they haven't assigned substantial work to me. For good measure, I asked if I am not doing well, if I have not performed my tasks well; to which my team said that whatever I was assigned I did well. I want to understand from seasoned folks in the industry- Are assessment interns prioritised over interns who are interning for the first time? How does one learn stuff if the expectation is that we know everything?
Sumeet Mallik told this in my SCC campus ambassador interview to the same question
Also, youβre right that placement scenario in disputes is quite bleak so corp can definitely be a backup option.
How do you all this, oh wise one? Please enlighten the rest of us.
Now to come to the more serious of your contestations. I see little basis for comparing the situation in one university with another, especially between those that operate at such different scales. Compared to DU, NLSIU is, in every single respect, a smaller institute. Fewer students, fewer teachers, fewer programmes, and yes, fewer PhD vacancies. Can the same be true in ensuring fewer applicants? I do not know. But it is worth considering that in a country the size of India, distance between oneβs home and their prospective university can and does play a role in where they are able to apply. It may seem surprising but traveling far for education/work can generate expenses and anxieties that not every one can easily overcome.
Curiously enough, NLSIU has not enabled reservation in its PhD admission. I am not sure whether and how this is permissible but I am hoping there will be more discussion on this.
As for the comparison with CSLG/CILS in JNU, again, it is a question of institutional autonomy. I am myself surprised that NLSIU, a state university, has more autonomy than JNU, a central university, in deciding how many vacancies to fill. Now what can we learn from CSLG/CILS filling in more seats than NLSIU? That CSLG/CILS is better? That CSLG/CILS is producing great research? Or that NLSIU is more discerning? That NLSIU aims for quality over quantity? None of these, either for or against one of them, can be directly inferred from PhD admission data. Any such assessment would require a more careful analysis of student/faculty research output and that is beyond the scope of this conversation.
But, then again, filling seats is only part of the story. There is also the little matter of actually doing original research that can stand the scrutiny of oneβs intellectual community. Few will dispute (and fewer still among the university teachers) that the quality of research in social sciences (including law) in India is really quite abysmal. For sure, much is produced but little is contributed to the public and academic discourse. There are many reasons for this and the quality of students is only one of them. I am myself not interested in blaming students alone for this ongoing scholastic tragedy.
Finally, you find it βhard to believeβ that NLSIU could only find one suitable candidate in law last year; evidently, NLSIU does not. In the absence of other relevant facts, one really cannot say which one of you is less hard to believe.
As for IIT Delhi, they appear to have a decent faculty << https://spp.iitd.ac.in/faculty >> and they have also focused on doctoral research in public policy. But it is too early to assess its value. Being an IIT and being in the national capital certainly helps though.
Some people inherit Hardwork.
2. KcO - 1.2 crores PA
3. CAM - 1.1 crores PA
4. AZB - 1.2 crores PA
5. JSA - 90 lakhs PA
6. Saraf - 90 lakhs PA
7. TT&A - 95 lakhs PA
8. Luthra - 80 lakh PA
9. Trilegal - 1.3 crores PA
10. LKS - 75 lakhs PA
Significant litigation before Tribunals and HCs.
Next. We are not self-pricked individuals. IIM are not for UG. Except a few which are providing some UG programme. At masters, at least those rates are duly possible if one can do it. But not for someone with a lower middle.
The point is NLS has a total fee of 25 lakh or say 28 lakh for 5 years. That is too huge. This is an haphazard management of services for UG. Overall, 25 lakh and some institutes charging 50 lakh like Jindal. And the new IIULER claiming around 50 lakh. Why don't we understand we aren't in the UK? UK is not the economy to replicate. We are in India. 16000 whatever sterling is too high in Indian standards.
Mbbs at state clgs is 5-6k. They crack NEET.
IIT charge overall 6-7 lakh for 5 years. They crack JEE.
Law charge overall 25-30-50 lakh for 5 years. And we crack CLAT.
What's the BAR COUNCIL of India doing? Why doesn't the Supreme Court take a suo-moto of this? Why don't lawyers speak up against such injustice. These are UG programmes for some school passouts. And this is not London/Amsterdam/Madrid/Swiss.
What kind of costing are they following? Why doesn't the govt take Legal education seriously? Why doesn't the govt invest in subsidized legal education at least at state institutions such as so called NLUs?
Or are they deliberately aiming the elitist to join?
The problem is not just with NLS. But with every Law college that is permitted to charge around more than 6-7 lakh for legal education. We fairly have no VOICE that speaks against the injustice of ignorance by the system. This system doesn't care of the quality of our courtrooms, this system doesn't care if the legal mechanism is working properly or not?
If NLUs wants to expand, they must be financed from sources other than just the students. They need to justify that to the lame system: "we cannot anymore put the burden on students to pay for all the expenses" "we need some much hundred or thousand crores to expand" Because this is UG programme. What's the difference between a private institution and a state funded institution then if we have to pay nearly the same?
And for concerned with sources. It's very decent to procure them at one rate. Learn some maths buddy. One time purchase for all 300 kids isn't that expensive and yearly maintenance should not be that costly. All that you mentioned from databases are ONE TIME investment. They recur and updating might be required, which many aren't aware of.
The point of entitlement and privilege is irrelevant here. The point that NLU + Law school charge so much that technically those without entitlement and privilege leave to pursue law. And when people without privileges do, institutions don't fund and throw them under the bus even after working hard. And someone from a rich background with reservation per se gets a degree from the top institutions.
Regarding the PPO query, I think they do give PPOs since there was a fresher in my course of work who had previously interned there. In addition to this, fourth and fifth year law students did apply for an assessment internship. Additionally, they also have some vacant space, so it logically makes sense for them to expand. Go all out in this one!
~ 30L compensation
Source - https://www.advocatedata.info/
Ultimately, what matters is good company which is capable of stimulating oneβs interests and providing the opportunity to engage in meaningful action. And while we do hope that our βbestβ institutions are more likely to provide the same, the world is simply too large to not stumble into happy accidents in other places. I hope this will not be interpeted as an excuse for βgiving-upβ but only a reminder for any young person here that their life will not be finished if they did not achieve every dream of theirs. For there are still more dreams to dream, more places to go, and more good people to meet and enjoy.
Paying professors is expensive. Just look at how much private universities like Jindal, Shiv Nadar and BITS Law are paying to their faculty. If NLS has to recruit and retain good professors, it must pay them well.
Now it is true that 5 lakhs is prohibitive. Many will lose out on the opportunity to study at NLS simply for the lack of funds and that is unfortunate. But, it is difficult when state funding is so low. NLS is trying to attract CSR funds but NLS is no IIT that it can rake in millions.
And on the question of scholarships - all scholarships in NLS are need-based. So no, they are not going just to the rich kids.
If so, at 25 - get a hybrid. Hyryder
I just hired someone who was a judge for 2 years and no Corp experience. Best decision ever and one of the best associates I have worked with.
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