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If you are an intern - donโt worry. There is work and you will get work. Hours will be long and associates are friendly. You will learn work if thatโs your objective. Associates donโt shout or are not misbehaved in her team.
Hope this helps.
I'm glad that AI can upend the entrenched / regressive power structures of one of the most corrupt legal systems in the world. Let's actually do what is right for the country this one time. It will only create greater opportunity for young tech-savvy lawyers.
is one of the finest human beings. India and the world are a better place with him in it, doing what he does--fighting for justice everywhere.
https://twitter.com/tarunkhaitan/status/1710234622196637829
What is happening is this: after Jaitley's death, only the far-right remains in the BJP. Those who are liberal-conservative are either sitting quiet, or shifting to the left-liberal side, or hardening their image and moving to the far-right to become like Vikramjit Banerjee and J Sai Deepak. Arghya has chosen the third path, but tentatively and subtly, in contrast to JSD's very aggressive decolonisation arguments.
My advice, as our friend above has said - stay grounded, work hard, fee or no fee - do your best in all your cases - as that you owe to your client and live each day as it happens. Make a monthly budget and stick to it. Always try to save first for the current month/ week and if there is still something extra - save it for the next. Splurge only and only if you have saved for the monthly allocation for the next 2-3 months. The theory of comparative advantage is valid for us lawyers as well. No two persons, even if coming from similar backgrounds, will have the same journey. There are many factors that come into play. So never compare yourself with someone else. You are the only standard for you to compare. If you are better than what you were earlier - you are growing.
Lastly, relax. we all survive and there is nothing better than litigation - that moment when you stand at the dias and argue - it compensates for every hardship one may have faced to reach there. We are performers thats why we are litigators.
https://www.newslaundry.com/2023/10/06/newsclick-fir-says-gautam-bhatia-is-key-person-who-legally-defended-vivo-xiaomi
https://thewire.in/rights/delhi-police-terror-fir-against-newsclick-names-chinese-firms-xiaomi-vivo-puts-lawyers-in-crosshairses.
Bar & Bench: "The FIR names the following persons as shareholders of NewsClick - Prabir Purkayastha, Amit Sengupta, Doraeeswami Raghunandan, Bappaditya Sinha, Gautam Navlakha, Geeta Hariharan and Amit Chakraborty. Notably, the FIR mentions that Purkayastha, Neville Roy Singham, Geeta Hariharan and Gautam 'Bhatia' conspired to create a legal community networkto campaign for and put up spirited defense in cases against these companies."
Newslaundry: "The FIR alleges that โShri Gautam Bhatia (key person) conspired to create a Legal Community Network in India to campaign for and put up spirited defence of legal cases against aforementioned Chinese telecom companies in return for benefits by these telecom companiesโ
The Wire: "The best known and most visible lawyer carrying that name is the author of widely acclaimed books on the constitution and free speech, and his court practice has tended to be narrowly focused on human rights related cases. He is not known to have had any dealings with telecom firms, let alone Chinese ones."
Incidentally, the page of Neville Roy Singham's company names Geeta Hariharan's son (another NLSIU alum) as working with NRS (Rishabh Bailey). But Rishabh Bailey has not been named in the FIR, only his mother and Gautam Bhatia.
https://www.thoughtworks.com/en-in/profiles/r/rishab-bailey-1
Returning to Gautam Bhatia, the Newsclick website has featured him a few times, but nothing very glaring. I also cannot find any links between him and Xiaomi and Vivo.
https://www.newsclick.in/author/gautam-bhatia
Odisha will also release its statistics.
Now we definitely know upper caste are just 15 percent of india but have almost all the wealth of india.
After Indian caste census reservation will obviously be 85 percent, we need to bring reservation in 85 percent of all department of state including parliament and state assemblies, Supreme Court and High Court.
Eventually the biggest things we have to di is wealth and land distribution, we need to take wealth and land of UC and distribute between OBC and SC/ST.
We need to realize that Upper Caste hegemony needs to be crushed effectively so we become democracy in real sense. We also need some soft quota and incentive for diversity hiring in Private hiring.its biggest sector and we dont have kuch representation of 85 percent of population here.
The event is scheduled to take place on October 7th and 8th, 2023, at the Astro Park, St. Stanislaus Sports Complex in Bandra, Mumbai.
https://pbs.twimg.com/media/F7u-8C6W8AA3dSe.jpg
If you have already got your PhD from here, then you should start by applying for the various post-doc fellowships abroad. If you have got regulatory experiences (SEBI, CCI, TRAI etc.), scholarships and fellowships are easier to get. Also start participating in international conferences for both exposure and networking purposes. Several foreign law journals issue open calls for guest editors, visiting editors etc. Try applying for those too. It's an incremental process.
Thoughts???
https://www.ndtv.com/world-news/activist-narges-mohammadi-wins-nobel-peace-prize-for-her-fight-against-the-oppression-of-women-in-iran-4455840
Good you want to start saving from now. But bad idea if you want financial advice from strangers online.
Anyway, since you donโt have to pay rent, you can skip the 50-30-20 rule. (Look it up on Google)
Ideally, categorise your money into different buckets -
1. Investment for future
2. Fund to buy a gift for yourself (holidays with friends/ bike/ car)
3. Funds for wants (Swiggy/ Shopping/ Impromptu cafe trip)
For number 1, you can consider starting SIP. Meaning you contribute a regular amount - letโs say 5k from your account to this fund. This will be cut every single month from your account and it will compound.
For number 2, keep a target amount - letโs say 60k for Goa trip. So every month if you save 10k, over 6 months youโll have enough for your trip
For number 3, keep a budget of 10k - miscellaneous unplanned expenses. Occasionally you will want to buy yourself something nice to deal with the stress of work.
All the best lol
What about firms like JSA and NDA?
I presume you have a doctoral degree, try to do a post doc, that will open the door wide
(P.S.: Delhi law graduate having 4+ years of experience, worked in lit, companies, tier-2 law firms)
Jab tak 2 time khana khao. Jitna kam ho sake khao. Jitna kam ho sake sona. Working hours toh subhanallah manage kar loge.
Arre haan ghar waale jab puchenge ke beta apne jo 2-3 lakh rupaye padhai mai lagwaye uska kya nateeja hai, toh bolna haan. Pridely bolna ghar waalo ko ke isliye lawyer hu. Paise kamane ki kya zarurat hai. Aap log apna dekh lo. Khud se jo karte rahe ho wahi karte raho. Mujhse umeed mat rakho. Aur haan har mahine 12 hazaar mere account mai credit kardo. Woh kya hai na ham lawyers hai, kamana nahi hai apan ko. Hamare seniors seekhate hai hame itni achhi baatein.!!
Excerpts:
Rangan Banerjee, Director of IIT Delhi:
- We assign practical problems to our students as part of the curriculum, e.g. a group of students worked on designing a biosensor
- We focus on "learning by doing"
- We are against "chalk and talk"
- We are getting our alumni in industry involved
Simrit Kaur, Principal of SRCC:
- It's very important for us to be connected with industry
- We need to bridge the industry-academia gap
Maniska Kinnu, Director of NIFT Delhi:
- We do a lot of classroom projects for industry
- Recently our students were involved in designing work for the G2 Summit
Sudhir Krishnaswamy:
- The discussion is "completely wrong"
- "We don't try to do any of this"
- "We teach foundational first principles"
- "We don't teach people a shallow version of craft"
- We would be making a "huge mistake" by building the curriculum around the needs of "professional practitioners and firms"
- "Beyond a point I don't care what they need"
- "I know my field and I know that my duty to my students is to teach them the foundational first principles of that field"
- "The market will come to us"
- "The best universities in the world do not do skill-based, craft training"
- "That's the view of education that we take and we have no intention of changing it"
I just want to make one point. He says that the best universities in the world don't focus on skills, but isn't clinical legal education a big deal abroad? The website of Harvard Law School has a whole page on it and they say as follows:
"Clinics give students hands-on legal experience under the supervision of attorneys. With clinical placements in-house and at organizations across the country, and the opportunity for students to create their own independent placements, HLS students participate in more clinical placements than any law school in the world."
https://hls.harvard.edu/clinics/
You can also consider a stealth mode (all black) Gshock GA-2100B but its not really formal but maybe you can get away with it. It has tough solar so you won't need a battery replacement and it can take a tumble.
Today Sankarnarayanan rebuked her in strong words.
Views?
Please bear in mind that I'm only talking about Tier 1 law firms. Firms like IndusLaw have just the transactions team, so no confusion there.
Kco doesn't use A0 since 0 is demeaning.
While many of you might be chasing the dream of hefty paychecks and prestigious positions, it's crucial to pause and consider the future of our profession in the age of Artificial Intelligence (AI). The legal landscape is rapidly evolving, and AI is poised to play a significant role in reshaping how we practice law.
I recently came across an enlightening article on TIME titled "What the Luddites Can Teach Us About Artificial Intelligence". The piece delves into the history of the Luddites, often misunderstood as technophobes, and draws parallels with today's workers grappling with the rise of AI and automation in various industries, including law. https://time.com/6317437/luddites-ai-blood-in-the-machine-merchant/
The Luddites weren't against technology; they were against the misuse of technology that threatened their livelihoods. Similarly, as future lawyers, we must be proactive in understanding how AI might impact our roles and ensure that technology is used to enhance, not replace, our expertise. And most importantly, rally together before the law firms change the narrative about our roles in the legal profession.
Here's a brief summary of the article:
The Luddites, often mischaracterized as anti-technology, were actually against the misuse of machinery that threatened their jobs during the dawn of the industrial revolution. Brian Merchant, in his book "Blood in the Machine," emphasizes the relevance of the Luddites' stance in today's context, where AI and automation are transforming workplaces. Merchant argues that just as the Luddites weren't against machinery but its misuse, today's workers should be wary of how technology might be used to degrade their livelihoods and reduce wages. The key takeaway is that technology's impact on jobs is a result of political choices by its owners, not an inevitable outcome.
To all young lawyers and law students: Let's be informed, adaptive, and proactive. Embrace technology, but also advocate for its ethical and beneficial use in our profession.
Rally together sisters and brothers for the time is now! While you are thinking about your future as a lawyer as you witness today, the managing partners of all law firms are investing in AI to make you redundant! Rally together and Rise up! The time is now! Things will need to change if you want things to stay the same!
---
Got to know that some of the partners in the last batch were promoted solely on the basis of favouritism. Someoneโs partnership pitch was purposely sabotaged to get a lateral partner hire from another firm.
Does anyone within Trilegal have more info on this? Is it true?
Agree with the powerhouse part though
Most of us have probation period of 6 months so so ideally ends in Jan/Fev 2024. From what I heard for the previous batch probation was largely confirmed unless an A0 messes real bad on a transaction/client matter.
Any inputs on this would be greatly helpful. I know a lot of us A0s are in the same boat. Will the Partner take into consideration the number of billable matters or the quality of billable matters done? Do non-billable matters get any consideration?
Thanks!
No way you would see an empty stadium like this in Mumbai, Delhi, Bengaluru, Kolkata etc.
Is this what we can expect if India doesn't reach the final?
Have you ever interned at a firm for 4 weeks, but wondered what is it that you actually did?
Like you know you researched on several legal issues, but apparently thatโs not what most transactional lawyers do.
Well, itโs not completely your fault. This is partly done on purpose by law firms because they are dealing with confidential information and they donโt want to involve interns too much. So, if as an intern you felt confused and you want to know where your work fits in, this post is for you.
For A0s, this is going to be a very basic post. The reason Iโm writing this post is because our first brush with the banking team often happens as an intern. Internships are supposed to give you a flavour of what work you will be doing in the future. But unfortunately, most interns never get a proper understanding of how transactions happen as they are usually assigned some research work with no visibility about the transaction. Even if interns have been involved in due diligence, the scope may be restricted to only doing clerical work like summarising a contract or preparing list of documents. This can lead to a very skewed idea for someone trying to make a decision about their career basis just their banking law internship.
DISCLAIMER: This post doesnโt cover the work done in litigation related or capital markets team. Also, since this post is just about the process, this will be slightly boring, so I recommend you play the song โPerfect Dayโ by the Constellations while you read this.
Alright, so first - an overview. Broadly, the work we do in law firms can be classified as:
1. Advisory work (around 10%)
2. Due diligence (around 50%)
3. Transactions (around 40%) - with due diligence often being part of this
ADVISORY WORK:
This is the most interesting kind of work because itโs heavily researched based. It can be as simple as getting a mandate from a foreign client who wants to incorporate a company in India but isnโt aware of the laws. The client has approached your firm and sent 10 questions - what laws and processes are involved to incorporate a company in India.
Basis the questions, you research each question and prepare a memo and send it to the client.
Most lawyers find this interesting because it is:
1) Research based
2) Scope of work is limited
3) Timelines to submit this arenโt crazy as itโs just one document/ memo
Intern Overview: Itโs like getting a question paper from your college teacher and filling out the paper, but itโs an open book exam.
So, here is where the work of an intern fits in:
An associate might call up an intern and give them 2-3 questions to research out of 12 questions in the memo and then incorporate the internโs research in the memo. However advisory work is rare to come by in banking teams and slightly more common in general corporate teams.
DUE DILIGENCE:
This is the work mostly assigned to interns and younger associates. Sometimes it can be very mind numbing because all you are doing is preparing a List of Documents (explained below). Working on a DD gets overwhelming because you have to go through and review hundreds of documents. Since youโve just switched from college, this can be jarring as you were never used to consuming so much information at one go.
To think about it another way, remember that iconic scene in Suits when Mike Ross meets Harvey for the first time? That scene where Mike is escaping the cops in a hotel and stumbles into the Harvard law interview?
Harvey is so impressed with Mike he says heโd hire Mike if he were from Harvard, but he canโt as Mike hasnโt even passed the bar. Thatโs when Mike tells him -
โWhat if I told you I consume knowledge like no one youโve ever met and Iโve actually passed the bar.โ
Well, you have to become Mike Ross. You have to be able to go through 50 different contracts of 200 pages each and be able to note down what red flags need to be highlighted to the client. If your partner randomly calls you into her office and asks you what issues you have noted in the contracts, you have to be able to say that from memory and also tell her which page the problematic clause is located (well not exactly, but you get the drift).
While reviewing the documents, you will have to simultaneously prepare a report called the Due Diligence Report or DDR - the final report is sent to the client.
Basically what happens is - one company uploads various internal documents in a one drive folder, and we lawyers are given access to review the documents. These documents can range from MoA, AoA, statutory forms required to be filed under Companies Act, SEBI, etc. to various registers required to be maintained under Companies Act, to various loan agreements, security agreements, shareholders agreements, any other โmaterial agreementโ like insurance contract, lease agreement etc. to even things like pending litigation against the company. If there are items like 200 page annual report, financial statements in the DDR, then it gets tricky to figure out what to review, but ideally your senior should tell you what to review and what to skip.
As a lawyer you have to check that:
1. Whether all documents are in order,
2. If any form has to be filed, has it been filed within the required deadline,
3. What other forms/ licenses had to be filed.
4. If there is any pending litigation against the company, does it involve a huge sum of money, or is it under (letโs say 5 lakhs) a limit and can be ignored
5. Any onerous clauses mentioned in the contracts
6. Any other deal specific legal issues
List of documents: While all this happening, you also have to maintain a list of documents you have received from the company and reviewed, and also a list of pending documents that you have requested the target company but not received. (BORING WORK ALERT!)
Intern overview: Unless you are very deeply involved in the DD, you will either be involved in:
1. Research - Letโs say the associate needs to know the check if some contract is adequately stamped so they ask you to research stamp duty of Deed of Hypothecation in Karnataka
2. Review and Record - Maybe youโve been given 4-5 contracts and asked to check dispute resolution clause and just fill the โseat of arbitrationโ in some Word document in a table format. Now, this standalone document you are working on is going to form a part of the 200-500 page Due Diligence Report which is compiled by the team later.
3. Mind numbing work - As an intern, youโve been asked to just download 40 documents from one drive folder or only prepare a list of documents to the documents in the one drive folder.
Hope this has been helpful for some of you interning/ working at law firms. I know even though itโs a great opportunity to work in big law firms, initially it can be very intimidating to work in such settings and we often donโt ask questions because we think itโs too basic. But itโs important to understand where the work fits in because your work matters.
Since this post has already become too long, Iโll explain the deal flow and the documents involved in a banking transaction in the next post.
One more thing - just to get an idea of my audience, would really appreciate if you could list down in the comments - what year of college/ law firm youโre in, and what kind of firm you worked/ are working in. This will help me frame my future posts better.
Dalal Street Attorney,
XOXO
- Phone: Latest iPhone model. A genuine MagSafe case is not not necessary for a new associate. A fake Apple Silicone case will do. If the law firm thinks using pirated goods is a big deal, then a non-branded case. Also, genuine iPhone earbuds are not necessary for freshers. Sony or UBL will do.
- Spectacles (for those who were them): Should be a branded one, as I was asked about my glasses (unbranded ones) by a senior when I was interning. Tommy Hilfiger perhaps?
- Office wear and suits: Desi brands like Raymond, Van Heusen and Allen Solly are acceptable for freshers.
- Watches: The most controversial topic! In my view, Tissot is the basic staring brand, but those one a budget can also wear a cheap FastTrack fitness watch and say that they want to monitor their health.
- Shoes: Hush Puppies formals are ok?
- Deos: CK, Zara will do.
Please note that I am aware of the fact that LLM in itself is not a huge boost, especially in corporate law. I wish to pursue it purely for academic reasons, and the fact that Germany has a free public education, which on paper seems a very lucrative option. Any insights?
Talking about stipend which is your main concern, if you develop and rapport with the person and they are open minded ( rare in legal field "sigh"), they will pay stipend.
Alternatively, look for internships which pay (not many exist). Assessment interns get paid though in good law firms.
Majority firms (excluding the top firms) pay 10-15k and max 35-40k to 0-3 PQE. No one cares and that amount doesn't mean much over time.
Please learn other skills on the side or keep grinding and get a corporate/inhouse role.
Hope this helps.
bhai election time tax kya badhenge what sense
bro these freebies are not given to the commons. AI is barely here sir, even law firm partners are manually finding punctuation errors in docs, tech has not changed anything, just ask which tech associates use.
Here are few things to do
1. Don't compare your success/ failures with others. Especially with those who have previleged background. Remember their starting points are different then yours. You have your own journey to complete
2. Instead of comparing the failures/ successes, strive to achieve excellence. Work hard.
3. Read. And not just law. Gather knowledge and information. You don't know whom you meet next and what conversation could lead you to a jack pot
4. Choose your role models wisely. There are several to choose from in the legal fraternity. While they are all successful, not many may be able to contribute to your overall growth. I don't mean growth as a lawyer. I am told Palkhivala was far greater individual than he was a lawyer. Similarly, Tulzapurkars in Mumbai are known to lead a uniquely simple lives but are legends in law.
5. Travel. You don't need to spend on abroad trips. Do a simple trek once in a while.
6. Lastly, if nothing of these help, read/ listen to struggle stories of other legends in law. Eg. Roses in December book of J. Chagla. You will find several you tube videos of others as well. Even if they are peppered for viewers, it leaves a hope.
I know these sounds like unwarranted, overused and abused advices. But it might help.
I had interned with a team recently. Upon calling the HR she says they have the form, that I had called them before as well when I didn't, and was not recommended. Upon speaking to the associate, they told me they havent sent the form yet for the callback.
Who should I trust,
โฎโฎโฎ