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It's 'one single paper' along with 7 more at CA IPCC level.
CA IPCC/ Intermediate is one single exam comprising of 2 groups (with each group consisting of 4 Modules, corp law being one of them)
Currently there are a few volunteers that take time off from their busy schedules to moderate. I think they deserve some credit rather than being blamed for :(
Updating on this.
Have been interning and have the last few days left, but have not gotten much work, just a few things. I'm really scared now. My mentor ghosts me but talks to all his female interns willingly even now. He also took them out somewhere.
What tf do I do. I have no hope now.
I come from a humble background with no connections whatsoever.
I never went to school, got admission to a local school with 1 or 2 teachers, and took exams (State board), and somehow made it into a decent law college in a metro city.
Now interning with a lawyer and he pays me enough to sustain myself in a metro city (But I take money from my home also)
Have made some good connections, hopeful to join a good lawyer after I graduate.
I believe it is certainly tough, but not too hard as they say. If you are focused, hardworking, and passionate about it, go ahead. This profession is full of mediocre professionals. You will make your way.
Good luck :)
https://www.legallyindia.com/201408124954/Private-equity-/-VC/ashlar-start-up-of-pxv-s-pingal-souvik-advises-on-series-a-big-data-investment-with-nda-p-c?fbclid=IwAR3zG0N5PmVQkui8pemRqHZaQLLgQ0ZIOnGs7eHqAvBa9ZZIDUijRBrzTUI#comments
This is the problem with being in competition teams. Too small and niche practice area. Almost no openings in in-house positions where counsels who fail to make partner go. Jumping ships in competition law is difficult.
I'm from a t1 nlu but after coming to Mumbai realised the strong hold GLC has on corp, the number of partners, the quality of associates. Everything seems top notch.
and on litigation it literally is unbeatable kabhi jakar dekho Bombay HC.
Legally India is scared of real powerbrokers.
Not being a dick but being a student myself having not experienced this I have no real input here, maybe others in a similar situation help?
even I had shitty faculty, never relied on them. But I was lucky enough to get good seniors and liberal attendance.
Genuinely interested in going independent in such sectors as I am an A2 working in the same field.
In a contract for Saas Agreement the stamp duty is only 100 and for a sale of proper the stamp duty is around Rs. 52000. Please any help me to become a bit smarter
1) Keep working hours in the bracket of 48-58 hours a week. If there is more work than this, hire new people. You may go with a policy of not frequently increasing the pay or bonus for existing retainers. They may still be happy with less pay but certainly won't with high stress.
2) Demolish the hierarchical structure. While many do understand that there should be a structure for accounting and reliability, a simple step of avoiding Sir/Ma'am titles would go a long way in increasing team spirit and accommodation. Some firms may be following this principle but junior associates and interns are excluded from this bracket.
3) Partners need to acknowledge the good work done by their subordinates. Deliverables are often met with new tasks without receiving any positive or constructive feedback for the efforts put in the previous work.
4) And lastly, be ethical and realistic. Provide coordinated training to the new joinees and not just pass on to them the work as a means to learn by committing mistake. For every mistake they commit, they are humiliated in office or courts strangulating any desire to learn. Be compassionate and considerate of an associate's personal space.
Law firms can regain the glory that they enjoyed post liberalisation. Otherwise, it is only these reasons that would increase the attrition rates to new highs.
Someone please advice.
Someone please advice.
7:00 AM - wake up and exercise
7:30 AM to 8:30 AM - get ready, reply to emails pertaining to deliverables of the previous night.
9:15 AM - reach office.
9:30 AM (+- 10 minutes) - I start working post drinking my coffee.
2:00 - 2:20 PM - lunch break; then back to work.
5:30 - 5:45 PM - second coffee break, socialise with colleagues from other teams.
9:00 PM - (mostly virtual) meeting with my partner and PA, status update, plan of action for tomorrow.
9:30 PM - 9:45 PM - pack up, leave.
10:30 PM - reach home, eat dinner
11 PM to 1 AM (2 am on a particularly busy day) - read up on documents for tomorrow, look at drafts / advisory from previous transactions and make a written note of things to be done tomorrow. Any time I am done with work by 12 PM I generally watch Netflix or go for a walk in my residential society.
I am a 4th-year law student. I have always been a shy and introverted person all my life. I have been performing well in law school, however, I can't have a simple conversation with seniors at internships without fumbling. My mind stops working while talking and I have no idea what to say next. I have observed my posture also becomes very stiff in such situations. This problem is irrespective of the language I speak but happens always when I converse in English (I speak in fluent English when I am around people I am comfortable with). I also fear public speaking but do it anyway.
I want to fix this problem but don't know where to start. Please share if you had similar experiences in law school and if possible suggest possible solutions to overcome confidence issues.
NLUs>>>>>> NFSUs
There is an entry barrier for the underprivileged and it starts with an exorbitant registration fee for various exams (don't get me started on coaching classes). Another problem that you will face while in law school and beyond is the lack of a network (very important in the legal field) which many of your batch would have inherited through their lawyer/rich parents.
Moreover, it takes a hell lot of money to do internships (that people start doing from 1st year) if you don't live in Delhi, Bombay, etc. and the sad part is that you won't get a penny out of them. You will be expected to work for free or will be given very little numeration in the initial years if you opt for litigation. On the other hand, in corporate, you will paid a handsome amount but will have no work-life balance.
These challenges are surmountable (or tolerable) but it's better to know the truth about a profession before entering into it. I didn't know about these hurdles when I joined the field but even if I had known I would have still chosen law (coz I love it).
All the best!
I am having issues with the online process which has been implemented last week. Has any person done the online process or knows someone who has and can guide. Otherwise, does any person have contacts in the HC who can help in this regard?
As best of my knowledge he is graduate from GLC, but he has not done any specialization in Securities Law. So how did he become an expert in that domain?
Pls explain
Looking for a decent firm to intern remotely. Please suggest a few firms that provide online internships.
How does it compare to other private law schools like the new BITS Law School? They are also recruiting faculty with foreign qualifications.
For e.g. - Summarise all the 2023 updates in the IBC rules and also mention important related cases. Categorise them according to functional area.
Also, for any doubts, directly thinking of it as an assistant ask it queries. For e.g. - can you tell me the best guide in 2023 to understand all aspects of IBC?
But the point to remember is - ask GPT4 in Bing. It is the new version and connected to Internet.
I asked this and the reply was - Sure, I can help you with that. There are some books that you can read to quickly understand all aspects of the insolvency and bankruptcy code in India. Here are some of them:
- INSOLVENCY AND BANKRUPTCY CODE 2023 EDITION IN 2 VOLUMES by SHWETA BHARTI¹. This book contains the updated text of the IBC with rules, regulations and guidelines. It also covers the jurisprudence on the IBC and provides case studies and practical insights.
- Taxmann's Insolvency and Bankruptcy Code with Rules and Regulations by Taxmann². This book contains the amended, updated and annotated text of the IBC with 15+ rules and regulations, notifications, RBI directions, etc. It also provides a short commentary on the IBC and the Insolvency and Bankruptcy Code (Amendment) Act, 2021.
- Taxmann's Insolvency and Bankruptcy Law Manual by Taxmann³. This book contains the amended, updated and annotated text of the IBC along with 28+ relevant rules and regulations, 85+ guidelines, notifications, circulars, etc. It also provides a comprehensive guide to the IBC and its related laws and procedures.
- E-Book - Ministry Of Corporate Affairs⁴. This is an online resource that provides the official text of the IBC and its amendments, ordinances and rules. It also provides the latest notifications and circulars issued by the Ministry of Corporate Affairs.
I hope this helps you. If you have any other questions, please feel free to ask me. 😊
Source: Conversation with Bing, 12/6/2023
1. No actual infra or land expansion has happened at NLSIU yet, just increase in student numbers. The 3-Year LLb programme has not really taken off. Chandrachud has not really done anything for the place yet other than appointing a review commission full of people with little idea about Indian legal education.
2. NALSAR has flourished for the last decade under a different government, which was a regional one and did a lot of good things for the state. Congress has not really done anything for the NLUs of any state where it is currently in power, with the exception of NLUD. Last year has seen many good young faculty leave NALSAR for NLS, who have not been replaced. Dhanda's departure as the decision-maker has been a big blow in the academic reputation and standards of the place. SKDR is at best a status quo fellow and nowhere as dynamic as Sudhir or even Faizan.
3. GNLU: Rocking Rhodes? Really? Because they won in this year? Central funds would go to places like NFSU Gujarat that the government is actually propping up in direct competition with state NLUs. GNLU has been getting considerable funds ever since it started. What has it done in research, publications, hiring good faculty in all these years? What's the output? Also, Olympics? How will that help GNLU, will the grads be recruited to vet the sports and construction contracts straight out of the university, or will Justice League winners get an Olympics Medal? They started this new campus far away from the old one and so far it has been a drain on university resources from insider accounts.
4. NLUD: Once again, rocking Rhodes? UPSC is also a non-metric for gauging the quality of a law school, and even there, DU and other local colleges are way ahead on ROI. Placements may be stable, but have not been improving as it should have with alumni getting to be partners. As of now, placement is NLUD's weakest point. It lost many good faculty lately to NLS and one of the main faculty who used to teach Corp and get projects has now gone to NLUJ. Yet, the place has been doing well overall. AAP has not been supporting, but not interfering either. I would have certainly kept it as my number 2 choice along with NALSAR maybe. Perhaps even ahead of NLS because of the location and smaller batch size.
5. NUJS' infra has been declining, TMC interference part is also true. However, courses on criminology and forensic science are hardly rubbish merely because you say so. If anything, the central government too has been focusing on such courses, via the NFSU. NUJS placement is still the best of all NLUs. Faculty are comparable to NALSAR and NLUD (at present after the exodus) and better than NLUJ or GNLU. The place has been getting several research projects lately and based on NIRF and academic data, publishing more than it had been doing before the pandemic. Some faculty are also doing STEM-related collaborative research lately from what I saw, which is a good sign. Infra expansion is also taking place. The biggest weakness here is weak admin and state interference. Student participation which was its biggest strength has now backfired into lowering of academic standards. Still, it remains a firm number 4 behind NALSAR and NLUD, maybe ahead if placements are the only thing that you focus on. Can get worse or better depending on the next VC.
6. NLUJ, nothing much changed other than the new VC, who is competent from all accounts. They desperately need to get good quality permanent faculty, especially after the dressing down from the court. The students there have got good alumni base, decent placements, but just need that extra admin and academic push to go to the next level. Government change is unlikely to cause anything new.
7. NLIU needs a new VC to recover, someone who will be futuristic, progressive and help the place shake out of its traditional sarkari inertia. Change in government does not really matter. Difficult to get rid of old permanent faculty, who can do nothing more for the place. With a new NLU in the same state, it is unlikely to get the same attention. The MP domicile quota has not helped it, unlike NLS, NUJS etc. because there Bangalore and Kolkata students avail of that quota and are better qualitatively.
8. Jindal is in decline now that the sheen has worn off and people are finding the model unsustainable for quality. Their placement is hardly improving and is miles behind the top 8-9 NLUs. They have too many of everything to be managed properly, students and faculty. Admin is only busy with hacking rankings and neglecting student interest and welfare in the process. They have got some very good names and still do excellent PR, but unless they get streamlined and ensure quality during entry (both students and faculty), they will never be taken seriously. ROI is so bad that you are better off putting the money in FD and going for litigation with the interest to sustain yourself until you rustle up a decent practice.
HNLU/NLUO placed 30+ in tier 1 law firms. Clearly shows you have no idea what you are talking about
Your comment sounds as if you learnt art of mooting right from childhood. People cope and learn differently, they might have been exasperated in first year but see the growth in second year.
Secondly look at the batch size in respect of % composition. Considering the relatively small size, they have done quite well.
Like I said, let the first batch graduate and give some buffer time. LLB will be dominating the legal services field. A lot of people will prefer doing another degree and then pursuing the three year program rather than spending five year doing law right out of school when they havent signed a contract themselves.
Please don’t misconstrue my words as being derisive of BALLB, all I am saying is this unnecessary slander of LLB is uncalled for without taking into the merits and facts of the matter. Just because a batch is not able to get few internship in so called corporate firms is not a stamp of character of their success or failure of the course.
- Courting the People (Anuj Bhuwania)
- Offend, Shock, Disturb (Gautam Bhatia)
The consultancy firm has been fired by Harry
Reality: Literally the entire legally India site except NLUD lobby does not except it.
And for litigation you will need some help from parents to sustain for a few years. You cannot predict it from now how much you will earn in litigation right out of college.
For corporate job: you'll have to start working towards it from first year itself since you have less time to do internships etc in 3yr course.
Nevertheless you can still do it but yes the delusion of making big should not be there. In both the cases you will still be better off as compared to just a BA.
I intend to intern with such a place dealing with Insolvency and Restructuring and want to prepare for the same. Would really appreciate some suggestions.
- NLSIU: Expanding a lot. Brand name remains strong and Sudhir hiring good alumni faculty, but star placements for all may not be possible now. Also missed out on Rhodes again. But getting good government support and Chandrachud's strong backing.
- NALSAR: Gets a boost with Congress winning Telangana. No longer to be run by a narrow-minded regional party. Hopeful of government support and more funding.
- GNLU: Rocking Rhodes. Modi in pole position to win 2024, more central funds likely. Further boost for Gujarat likely with 2036 Olympics bid.
- NLUD: Also rocking Rhodes. Doing well in UPSC. Stable in placements. AAP government has not been too supportive, but locational advantage is massive.
- NUJS: Meaningless expansion with rubbish criminal law course, even as faculty and infra are declining. Duck in Aditya Birla this year. New AG of Bengal could be old one who previously harmed NUJS. Mamata remaining in power till at least 2026 and likely beyond.
- NLUJ: Back to being run the the BJP. Possibly a new CM. Hopeful of more support compared with Gehlot.
- NLIU: MP could get a new CM. Jyotiraditya Scindia has a modern outlook and should be supportive. But overall has been declining year after year.
- JGLS: The college has announced it is expanding to 200 acres in the next 2-3 years. More funding from Jindal family. Placements also improving.
Thus, could the Top 10 ranking be:
1: NLSIU
Joint 2nd: NALSAR, NLUD
4: GNLU
Joint 5th: NUJS/NLUJ/JGLS
8: NLIU
Joint 9th: RGNUL, RMLNLU
As you can see, I'm putting HNLU, NLUO and MNLU-M outside the top 10 and including JGLS as joint 5th. These are the two bold calls I am making.
Better if you could find a good lawyer to practise under.