We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
I know it varies but perhaps you can tell your PQE and current firm and salary, and we can have a nice, public, transparent database.
I have an offer from SAM and it is 15L all fixed.
Your turn, now!
12.6 LPA (fixed) + 1.5 L variable
Fresher - 15 lakhs + bonus
SA - 24 lakhs + bonus
Base: 2.10 - 2.30L per month
Bonus: 14-18L.
SA2 2.1 PM + TBD Variable. Haha.
Jai Shree Tau.
1.25 per month after all deductions.
I joined DSK from a boutique firm and they screwed me on basis of my last earnings. Firm has no standardisation with regard to salaries and A1 and A2 are making more than I am right now.
I hope MS and RKL open their purse strings to retain talent - whoever chooses to stay/go with them.
Infact last year the range of bonus for SA1
was 10-14L. Average payout was 11L.
Performance based bonus of upto 6 lakhs per year before tax.
Super performer bonus is 6 lac for Associates.
A0 14-17
A1 15-19
A2 16-20
A3 17-22
SA1 25-35
SA2 27-38
SA3 28-40
PA1 35-45
PA2 38-52
PA3 40-57
P1 65-80
P2 70-90
P3 75-95
P4 80-105
P5 90-115
EP 125-350
Discount 10-30% for Tier 2 and 20-50% for Tier 3.
A0 is an associate with '0' experience
A1 is an associate with '1' yr experience
A0, A1? Can someone tell what these numbers against A and other positions are?
A1- second year associate
A2-Third year associate
Likewise SA= senior associate
PA=principal associate
Good to know I'm doing ok. :)
PS: S&R is not tier 1 by a mile and a half.
As corporate lawyers, we earn some good dough compared to the average professional. I'm not going to lose sleep if someone is earning a fraction more than me. I repeat - I am doing ok. :)
How much bonus is average for an A1 in the above firms? What is a sizeable number?
20,57,000 + 3,63,000 Bonus. -This is as per calculations done owing to the increment update we received at SAMCo this week. this includes the "not so bumper" 10 percent hike in fixed from April 1, 2020 onwards and the proposed 10% further hike on both variable and fixed from April 1, 2021 onwards. Slight chance of a plus 10 - 15 percent increase but I don't think management will be this kind) Also I wont be making SA this year (capital markets associate with seniors who are yet to make SA).
So do salary increase a little more at SAM or other firms if we are promoted from one designation to another, or Is it mostly a consistent percentage?
KCo - SA 1 (10-15 lacs variable + 26 lacs fixed)
S&R - SA 1 (Variable is dependent on performance + 26 lacs fixed)
Trilegal - SA 1 (10- 12 lacs variable + 24 lacs fixed)
JSA - (SA 1 - Total fixed + variable 30-36 lacs)
AZB (Variable is dependent on performance + 26 lacs is fixed)
P.S. - Enjoy your last year. Worry about all this in 2022, when you graduate.
Also, which office?
9 LPA + 1 lac bonus
also, what should i do to secure one?
thank you!
https://www.legallyindia.com/convos/topic/161616-High-paying-boutique-firms-
Salaries (excl bonus) are quite low and get competitive only from year 4 (SA 2) = 15L
Year 5 PA1 = 18L
PA2= 22L
PA3= 25 L
JP1/PA4 = 30L
Trade off - a life and a 9 hour workday max.
Associates have been paid retainers till January and Partner till November/December, depending on who I like
A1: 7.8 Lakhs
A2: 9.1 Lakhs
Retainer divided into 13
Variable: revolving policy but about 10-20% of fixed retainer
Retainer payments every alternate month since last March
I work with a leading law firm - will not get into position, seniority etc. I come from a non-law background, and have really struggled at every stage - sub-par law school, no peers or family in the profession - have printed my CV and walked to reception desks of law firms to give them, followed up with reception desks for an interview call and called up distant relatives for help in the faint hope that they know someone in the profession. Started off with what probably is a Tier-6 law firm today practically working for free, and moved amongst Tier 5/Tier 6 law firms and got additional qualifications before getting my break - and have blessed enough to be able to show that a non-law school (and non-law background) determined lawyer from a sub-par law school can consistently do (reasonably) well with the best in the profession. It is a marathon and not a sprint - if you keep at it and constantly innovate and improve yourself, opportunities will come to you. It may take days, weeks, months or even years- you will get your chances. Wait for them, and then grab them with the hunger and determination you have. Best of luck.
Batch of 2021
First up, you have not failed anyone. If you are a law student of a five year program, you are among the 8.15% of India's population who is graduate, and among top 1% who is fortunate enough to hold a professional degree like LLB. Congratulate yourself, because you have achieved much, and you are yet to graduate.
On top of all these things, you have graduated in the best time of our lives. There has never been a better time to be a lawyer, never has been a better time to be aspiring and to dream of a better life. There are opportunities if you have the patience and grit. Please put up a separate thread as a 'Job Seeker', and ask about what you can do, and I will clue you in on the opportunities available, as an entrepreneur, freelancer, writer, etc. among others. As someone who understands the legal job ecosystem better than most, I can lay out for you your game plan if you put in details on your background. If you put yourself out there for people to look up on your LinkedIn, I am sure you will receive constructive remarks, negative maybe, but constructive, that can help you better yourself and get what you want. This is better than wallowing in self-pity.
Having said that, let me highlight that I come from a private law school. I lacked polish in language, conduct, background and made it up with hustle. I hustled for myself and I hustled for my batch mates and juniors to get ourselves a break in India's corporate firms. But I also witnessed. I witnessed that none of the students in my batch who wanted to work for someone, were without work. I am talking about a sub-standard private law school. Everyone who wants to get work, gets work. Do you know what consistent cry is accross legal chambers, law firms, in-house departments? - We do not have good talent, there are no good lawyers available. The demand is there, making the supply expensive. This is where you can think about coming down from the high horse, figuring out a interest area related job and jumping into the work. Few of my batch mates of 2019 who started jobs at 20-30K (scored at an average of 3-4 months after graduation) now make moderately well between 1 lac and above. They jumped into their interest areas, put in hard work, made themselves indispensable and developed acumen.
Don't worry about money, money will flow with dedication and hard work. Impress the right mentors, impress them with your skill, creativity, zeal and hard work. Worry about whether at the end of ten years in this profession, will you be able to look back and say - 'Cheers, I lived my dream?'.
[i]At an average you have 40 more years of work ahead of you, pace yourself, don't loose hope in the short term only to loose in the long term. Cheers.[/I]
A0: 1.2L/month, 1.2L (bonus)
A1: 1.3L/month, 2.5L (bonus)
A2: 1.45L/month, 5L (bonus)
Obviously, deduct 10% TDS on every figure for in-hand amount.
Contract said no bonus till 2022
Corp team
A0 - 30K per month (upto 2 months of pay as bonus possible but don't count on it)
A1 - 45K per month (upto 2 months of pay as bonus possible but don't count on it)
Bangalore (Corporate):
A0 - 40K per month (upto 2 months of pay as bonus possible but don't count on it)
A1 - 50K per month (upto 2 months of pay as bonus possible but don't count on it)
How much does it vary across cities or teams? How much do partners make there?
Any idea about salary at Link Legal
ELP data in not available anywhere.
Thank you.
Fixed- 1.25*12
8%-5 lakhs (this is the game changer. If you bill a crore a year, you get 8 lakhs)
Bonus -4 lakhs
Total- 23.8 lakhs
(due to covid, the firm did not have the annual retreat but that is another 1.5 lakhs towards you by the firm)
For A3, add another 2.2 lakhs a year
what about the pay?
Esp. considering they're hiring rn.
Would love to see some input about their work environment.
ELP - No Idea.
What about good paying tier 2 firms?
Anyone knows what the pay's like in tier 1 firms for IP teams?
Annual retainer (post September 2018 increment) INR 47.40 lakhs.
Bill share @ 10% tied to recoveries and proportion of hourly billing (Forex vs. Locex) versus fixed fee assignments.
Bonus capped at INR 8 lakhs and actual tied to recovery of at least 2.5X, plus kissing the EP’s arse (which I never did). On a two years’ average, between INR 4-5 lakhs.
If you worked for Bombay Baniya, the lucrative nature of your assigned work and compensation largely depended on how malleable and moisturised your lips were. And yes, size did matter, north of the equator.
SA 1 - 13 LPA fixed + 20 LPA variable (5% of billing)
I do feel that I let my feeling get better of me and wrote something irrelevant here. however, nice of you and others to not feel annoyed by it rather took time to instill a ray of hope in me difficult times of my life. I do feel this perhaps very good for someone to take time out of life to explore different things and ideas. As many of the Normal law school kids do not get such disposable time with them, unlike them I come from laid back college like GLC which has provided us a good amount of time to explore different paths and ideas. while I did like the whole idea of the way GLC operates but ideally for me my last 2 year of law school was very important for me to focus on career after coming to the full circle of finding what suits me or not but as the faith would have it nothing went like the way I hope.
but let me admit the positive outlook that is embedded in your vision makes me go one more mile ahead, once again. I was staying afloat, looking for opportunities on every job desk board like Linkedin and others, still having to find nothing at the end of the day. I still try and try, look and search for it. not that I would stop but positivity in me has taken a hit. I do agree ma'am/sir that I should be open to more non-conventional work as well but as you tend to move ahead in your life you get more averse to trying something new. But taking a leaf out of your wisdom. I will put a separate post like that to learn new things and ideas to help myself and others who may be traveling in the same direction but at different horizons.
Also, I wish I had a mentee like you to be the guide that everyone needs.
will look for you there on the new post to help me more.
Thank You!
I came here to anticipate my son's fate. Passed in 2019, placement cell sent him to Mulla House (not mulla and mulla cb&c), now with 2y 5m will appear at the final interview in a Tier 2 tomorrow.
Found a lot of bad boys here, till I reached 37.1 .. your words were like a balm. No one knows and tells a non-nlu on how to prepare. Though my son's a doughty chap, (from a heritage college which gave India a few CJIs,) but is nowhere near like a creepy worm that I found here.
Thanks again "Let me help".
-- An anxious dad.
Reading these threads on LI, I feel anxious about how i will land up in a good law firm with a good package. I come from private law school which does not emphasizes on skills you need to get into a law firm. After reading your thread, the feeling of giving up has vanished a little tbh but I personally have found a ray of hope to work my way out. Even after 3 years of COVID, the situation is same with law firms. Not only law firms but with us as individuals too. as wee sort to blame firms for hiring in the basis of contact with do not polish the skills we need. Anyways, i wanted to thank you for giving the right knowledge which every law student needs.