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https://www.telegraph.co.uk/olympics/2024/08/01/olympic-womens-boxing-live-imane-khelif-paris-2024/
https://www.theguardian.com/sport/article/2024/aug/01/angela-carini-abandons-fight-after-46-seconds-against-imane-khelif
https://x.com/oliverbrown_tel/status/1818966842804703393
Who do the clients actually belong to? The Partner or Firm?
PS: My team is extremely supportive, both the Partner and the SA have taken out the time to go back and forth for the call back.
July 30: CAM bumped up fresher pay to INR 18L, overtook SAM.
July 31: SAM bumped up fresher pay to INR 20L, overtook CAM.
This means there would be increments across levels in both firms, bumper bonuses. Finally - these law firms have realised that you can only retain good talent if you can offer them FAT PAY CHEQUES amongst other things!
Please help - Any advise is truly appreciated. Thanks!!!!
1. Participation Certificate: Just think facing tough times in life as an act to receive participation certificates. The purpose is just to make it through. You don't have to be outstanding, personal best etc. You have to just make it through. You can't give up on the struggle. Do what you are supposed to do. Drag yourself but do it. You need not hit a six for its not a full toss, its okay to have a dot-ball. Just don't stop playing. Your future self would thank you for this.
2. It's not the time to dream big. Don't dream anything: Have a small plan. Try to achieve it. Create a task for the day and live one day at a time.
3. Be grateful for what you have: Sounds cliche I know. But as Sadguru says (no, I am not his Bhakt, but he is right on this) all our problems exist just in our minds. You learn to convince the mind and most things are sorted. A doctor who worked for international humanitarian organisation said that I have seen so much suffering that I don't see my problems as anything. Watch the goatlife movie or other movies on oppression and suffering, look at the lives of various people with disabilities someone like Nick Vujicic. Friend, there are thousands of people who don't have any limbs and living their everyday life and making it through.
You talked about rare genetic incurable disease, I have a permanent disability which took away the profession that I loved, and God-forbid would force me to be single forever (the latter on a serious note). But then I look at all things I can do: see this beautiful world through my eyes, nature, I can walk, talk, hear Arijit Singh, etc etc. There are so many things that I have to be grateful then what I don't have or messed up to be sad. Disclaimer: disabled people like me are not bicharas. They too are happy, sad and normal most of the time.
Lastly, if you are into reading: read the book of job (this is poetry so a bit boring), and victor frankl's man search for meaning. (Not the typical cliche work, I promise).
Also, when you come out of all this don't forget to be empathetic towards people who are going through tough times. That's what I gained out of all this: I stopped judging people as inferior and useless. It burnt away my pride and arrogance.
"If you can tolerate fear and doubt and loneliness… Winning would like a word with you." - Tim Grover
Lakshmikumaran & Sridharan Attorneys Elevate and Strengthen Leadership Team
The firm promoted 12 Associate Partners to Partners. This elevation aims at enhancing the firm's capability to deliver robust and valued solutions across its practice areas
New Delhi, August 01, 2024: Lakshmikumaran & Sridharan attorneys, is a full-service law firm based in India, specializing in areas such as corporate & commercial laws, dispute resolution, taxation and intellectual property. The firm recently announced their senior level promotions, elevating 12 lawyers from Associate Partners to Partners.
Mr. V Lakshmikumaran, Managing Partner, Lakshmikumaran & Sridharan attorneys, said, “I extend my heartfelt congratulations to all the newly promoted partners. Their dedication, expertise, and commitment to excellence have been instrumental in driving our firm’s success. This elevation not only recognizes their outstanding contributions but also strengthens our leadership team, enabling us to continue delivering exceptional service to our clients.’’
He added, "We are dedicated to nurturing our talent, and it's inspiring to witness our team members take on expanded roles and responsibilities as they progress in their careers at LKS. We would like to wish each of them continued success in their future endeavours."
The elevation of these partners further strengthens LKS’s ability to provide comprehensive legal solutions tailored to meet the diverse needs of our clients. Each promoted individual brings extensive industry knowledge and a proven track record of delivering exceptional client service aligned with the firm’s vision. The promotions are effective from July 1, 2024.
Elevated Partners
Name
Division
Office Location
Harish Kumar Upadhyay
IPR
New Delhi
Dinesh Babu Eedi
Corporate and M&A
Hyderabad
Paritosh Chauhan
Corporate and M&A
New Delhi
Pooja Vijayvargia
Corporate and M&A
New Delhi
Disha Jain
Indirect Tax
New Delhi
L V Venkata Naga Satya Sai
Indirect Tax
Hyderabad
Deepro Sen
Indirect Tax
Kolkata
Srinidhi Ganeshan
Indirect Tax - Customs
Mumbai
Vishwanath Krishnaswamy
Indirect Tax
Bengaluru
Dhruv Matta
Indirect Tax - Customs
New Delhi
Karanjot Singh Khurana
Direct Tax
New Delhi
Ravi Sawana
Direct Tax
Mumbai
I could not understand why would a partner appoint through referral as what would he gain from such employment?
Also, such politician calls who, the partner, managing partner or someone else?
Hope other firms follow soon. In 2025 hopefully the A0 salary will be 20l for all tier 1s?
They sent a notice to CONNLU citing the regulations in place, asking them to refund within 5 working days. More than a month has passed and they still refuse to do it. In their responses, they have carefully avoided even the mention of the phrase "UGC Guidelines".
It would be hilarious if it weren't so pathetic.
Press release:
Shardul Amarchand Mangaldas & Co. Unveils Enhanced Compensation and Benefits Program – Redefining the Firm Value Proposition
New Delhi, August 1, 2024: Shardul Amarchand Mangaldas & Co., India’s pre-eminent law firm, is proud to announce a significant enhancement to its compensation and benefits program, reflecting its commitment to attracting, retaining, and nurturing the best legal talent in India. This market leading revamp underscores the Firm's dedication to ensuring that its top members benefit not only from the best in class work but are also rewarded handsomely, while recognizing the importance of building a support system to fuel both professional and personal well-being.
Key Highlights of the Enhanced Compensation and Benefits Program:
- Entry level associate compensation (A0) has been revised to up to INR 20 lakhs.
- All other Associate and Salaried Partner compensation has been revised based on holistic performance evaluation, taking into consideration efficiency-based performance.
- The Firm will continue with its existing unparalleled and objective variable compensation policy of up to 200% including taking into consideration efficiency-based performance for determining the eligible variable compensation component.
- Introduction of new people centric policies - work from anywhere (2 weeks annually), caregiver leave (up to 3 weeks), paternity leave (increased to 3 weeks), additional childcare leave, health check-ups and sabbatical policies for associates and partners.
Increased focus on well-being and professional development programs:
Well-being has been a core mission at our Firm, having been the first Indian law firm to have mainstreamed the conversation on mental health at the workplace and introduce free counselling for all members of the firm and their families with the help of professional agencies (like AMAHA) engaged by the firm. We are pleased to announce further improvements to our well-being and professional development programs as well, as below
- Annual Rejuvenation Break between Christmas and New Year (25 December to 1 January (both days inclusive))
- Formal recognition of Mental Health Days
- On-site physiotherapy services
- Introduction of a new Workplace Anti-Harassment Code
- Mentorship and coaching support
Execuive Chairman, Dr. Shardul S. Shroff, said, “With today’s announcement, our firm is forging a renewed path. Our people are the cornerstone of our success and we seek to enable them to thrive in their wholeness, professionally and personally with our new firm value proposition. The enhancements to our compensation and benefits program are focused on attracting, rewarding and retaining top talent while fostering a culture of excellence, collegiality and meritocracy. I am confident that these changes makes us the most progressive, inclusive, holistically balanced and preferred employer in the legal arena in the India.”
Shardul Amarchand Mangaldas & Co continues to lead in providing top-tier legal services across various sectors, including corporate, litigation, real estate, intellectual property, and more. The Firm’s dedication to client service, legal innovation, and professional development remains at the core of its success.
https://x.com/LiveLawIndia/status/1818890657282638017
https://www.ndtv.com/india-news/supreme-court-okays-separate-quotas-for-marginalised-among-sc-sts-6237025
https://www.news18.com/india/sc-rules-sub-classification-within-sc-sts-permissible-8986102.html
I am not from an NLU but am very interested in Capital Markets work, particularly in the SME segment. I tried looking at IPO tables here on LI but the information is very old and does not cater to the SME segment.
Can anyone please suggest the names of good law firms with a lot of good, regular SME IPO work I can apply to for a job or an assessment internship?
SAM- F+B (=20)
S&R- 16.8+3
Trilegal- 16.5+3
Finsec- F+B (=16.5)
AZB, Delhi 15+2.5, AZB, Mumbai- 16.2+B
CAM- 16.2+1.8
Khaitan- F+B (=18)
Talwaar Thakore & Associates-
L&L- 13.8+2.2
Saraf- 13.8+2.2
IndusLaw- 14.4 +1.44
Lexygen- 15+2.4
JSA- Junior Ass- 65k, Associate- 1.1 L/month
Touchstone Partners-
Veritas Legal-
LKS- 14 + bonus
Argus- 12.2+3.8
Spiceroute Legal- 12+4.2
S&A Law Offices-9+1.8
Between 2020-2022 firms froze their funds and major expenses, expansion plans etc due to Covid. Around this time, the big dollars also froze up due to the funding winter, economic downturn in the US and only eased up in 2023. So while there were still record breaking profits, there was a general theme of caution and lowered risk appetites across the board. On the other hand this led to a lot of cash and equity surplus in firms. We've now entered the spend to earn phase of the big law firms and you'll see this market consolidation and rejiggling happen for a few more months.
- Practically semi-retired in my 30s.
- Work as a litigator for an average of 6-8 hours a week, that's all. During certain cases, it can rise to 20 hours a week, but not more than that. I pick and choose my cases, turn down many briefs.
- Earn a comfortable income of approx 75-80 lakhs a year through fees and 20 lakhs through investments.
- With so much free time, lots of time to play sports. Lucky to be a member of one of the premier clubs of India. My drinking buddy is a former Indian sports star, my squash buddy is a well-known CEO.
- Fortunate to belong to an affluent family.
- Have travelled the world.
In terms of regrets, I find law boring and am tired of law. That's why I limit my work. I have an LLM from abroad and loved studying there, but law as an academic discipline and law as practised in Indian courts are completely different. So perhaps I should have done an MBA instead. I was hoping to get married, but the girl I was seeing left me because she didn't like the fact that I was not aiming higher in life and working more hours, given that every second litigator in town earns in crores, owns a couple of flats in London etc. She eventually married an American banker and now lives in New York 🤣
So a mixed life, I guess. Some happiness and comfort, some sadness and regret.
The thing is- these feelings arent actually important. However much we might feel them. It actually doesnt matter if we're losers. It only matters if we go out everyday and try and do better and try and be of use to other people. thats the whole damn game.
https://www.moneycontrol.com/news/business/markets/sebi-household-derivative-losses-macro-issue-12782739.html
She seems to be the real mastermind behind the new capital gains taxes and move to curb retail investors. Why does she have such a problem if young middle-class investors make money off some small trades? Why does she have to impose her conservative, licence raj-era, boomer standards on us? Also, what is she doing about billionaire businessmen who indulge in thousands of scams and get away?
TOTAL HYPOCRITE!
It may be easier to shift to a T2 or a firm just outside the big 6 - like Indus, Samvad, Quillion etc. in a year. Spend two years there and then move to a T1 with your unskilled self so that even if you are discounted at joining, your performance may regularise you in a year or two.
Reach out to headhunters and understand vacancies. Then apply. It’s a more simpler route than cold emailing. You can also try reaching out to people you know in the firm you want to go to, to see if they can share your CV for an entry level interview.
Good luck!
Do what you must if this doesn't resonate with you.
You may also approach any of us over LinkedIn..
If we keep showing such poor judgement, why won’t the admin trust our discretion?
Trilegal trilegal karne walo kaha ho
In the Indian context BigLaw means Mumbai, Delhi NCR (Delhi, Noida and Gurgaon) and Bangalore......
Almost all hiring, any serious deals etc is done in these three offices in the exact order.
To work in these three offices local language requirements (Tamil, Kannada or even Hindi) doesn't exist. Hiring is done on a national level.
Chennai, Hyderabad, Pune, Kolkata Ahmedabad etc - these are namesake practices for BigLaw national firms. There is always a HYPE around these cities. But so far even after a decade nothing serious has happened.
Chennai National Practices are basically local tie ups of national practices with local Chennai lawyers or law firms.
For example - Khaitan Chennai is Assentio Legal, a local Chennai Law firm.
JSA Chennai is CLA (Formerly known as Commercial Law Associates)
Even most Chennai based M&A Deals, Cap Marks Transactions are done in Bangalore or Mumbai offices. TN is a big industrial economy. But not for BigLaw.
Pay is also lower in Chennai based law firms, including at BigLaw national practices.
Chennai firms mostly hire locally from TN based law colleges like Sastra, GLC or TNNLU.
Usually pay is (as told by colleagues who interned in Chennai)
60K in Tier 1 firms (National Practices) Some exceptions are there and pay according to national standards.
30 to 40K in firms like ICUL, HSB (Best in Chennai)
80K in LKS (exceptionally high for Chennai standards)
15 to 20K - paid by senior advocates (who gross over 5 crore per year)
Anyways just posting some threads
https://www.legallyindia.com/convos/topic/266717-highest-paying-law-firms-in-chennai#comment-267122
https://www.legallyindia.com/convos/topic/325227-khaitan-chennai
I will try to help you out. Please join my discord server and message me there. We will sort everything out.
Don’t feel alone as I too am in the same boat as you, just that I am still in law school and have not graduated yet.
Link of the server:
▮▮▮
(link redacted, is a 404 link)
Do reply back in case you’re unable to join. I will find any other method to invite you elsewhere. :)
For the record I identify as one. Divorced parents, bullying by classmates at school, getting picked on by teachers, toxic abusive household, rare incurable genetic condition, no real friends or partner, loneliness, shitty grades, scopeless and hopeless college, rejections from internships, jobless graduate, no personality, pessimism and no money to afford therapy. Those are some of my reasons for identifying as a loser. Each day I wonder when will all this come to an end.. I don't wanna live like this. Infact no one should live like this.
I don't know what I'm trying to achieve with this post anymore. writing this at 3:30 am...when all normal people are sleeping.
Or are you people normal? Or you also have these thoughts?
CAM ne toh badhaya. But only to match previous SAM structur 😂
This part's for GLC Alums ; can I expect anything at all from the placements cell for internships/placements if my grades are top-notch? Have your classmates/seniors gotten PPOs during your time?
Do you mean to say students are allowed to make out in the parks @ campus?
JSA
Crawford Bayley
Cam/sam
Kco
No one has the time to deal with incompetence.
IT WAS NOT TOXIC AT ALL. The team was absolutely good. I liked it so much, and I'll be doing my assessment this November. I had a very great learning experience there. My team, buddy and reporting partner were easily approachable and accommodative.
There are few teams which are toxic, but so is in each and every firm. Just because of few instances and rumors spread on LI, the firm does not become toxic. It is a very reputed firm because it deserves to be. I would suggest go, experience yourself and then decide.
https://x.com/ManishKoparkar/status/1818654029037146225
https://m.youtube.com/watch?v=BlvdSOITLAk&pp=ygUNa2F0aHVyaWEgYmFpbA%3D%3D