Lol. They offered me 35k in their IPR team. And even their other teams aren't crossing 12lpa. Gone are the days when luthra used to pay at par with their tier 1 peers.
Bullshit that DMD pays that much bro. Here's a proper breakdown of the monthly salary structure at DMD:
Associates (0 to 5 years) - 30k to 1 lac (Litigation) & 40k to 1.2 lac (Corporate)
Senior Associates (5 to 7 years) - 1 lac to 2 lac
Principal Associates (7 to 9 years) - 2 lac to 3 lac
Counsels (9 years plus) - 3 lac to 4 lac
This is the real pay structure at DMD, with marginal difference between the Bombay & Delhi offices. The Delhi office pays slightly on the higher side but that is also because they retain their associates as well.
I have an interview with Mansukhlal Hiralal and Co. I've been told the salary negotiation will be done at the interview. As a fresher, any idea what range I should shoot for?
Freshers are typically paid INR 50,000 per month in the Mumbai office. While the offer letter says that the freshers are not entitled to bonus in the first year, there have been instances of bonus pay-outs of up to INR 2 lakhs in good years.
Does anyone have any idea of the difference in SA pay between tier 1 and others. There has been so much discussion in other threads and the figure for SA1 at tier 1's is around 27-32( might be more). However, no one has given any insight into what this figure might be for non-tier 1's. Kindly help.
No guarantee on regularity of payment. Maybe once in 2-3 months. Last retainer paid for Associates was for February and for Partners was December 2020.
Just some basic math assuming 10% yearly increments plus an additional bump for change in designation would give you a figure of about 1.1-1.2 lakh/ month
SA1's at tier 1 would make about 2 lakh fixed (24L) plus a variable of about 6-12 lakh so somewhere between 30-36 lakh. I have no clue of what tier 2/3 SA1's would make but I suspect discount 20-50% based on current market trend. Correct me if I'm wrong???
Can anyone share the growth trajectory at firms like DMD, PDS, Algo, Samvad, etc who start freshers at around 55k -65k? What would this figure be for A2, SA and so forth?
I'm ex-Bharucha as are a dozen other lawyers every other month I know what's documented and what isn't. Maybe if you spent less time fact checking people on LI and more time mentoring your juniors you wouldnt be bleeding resources every month. As if the firm would draft a variable pay structure on paper that benefits anyone other than the firm
Indus is in a funny spot. It is neither Tier 2 and not Tier 1 surely. It is somewhere in the middle. It’s final spot will be clear only in the next few years. The Tier 2 firms that this thread should focus on is NDA, Samvad, Talwar, LKS, Bharucha etc
B&P is one of the only firms that has a documented increment and variable pay calculation. They also ensure parity at level (even with laterals) in terms of fixed and variable pay. All bonuses were paid out as per policy.
At Indus, 2021 A0s are being offered a 10.8LPA retainer with a 10% bonus. Anyone has any idea how much this is expected to progress 2/3 years down the line?
Since the offers are coming in, wanted to know what my peers are earning. Please stick to discussing Tier 2 law firms such as Indus, Keystone Partners, Kachwaha and Partners, Kanga & Co., Bharucha & Partners, Link Legal etc. Discussion about Top 7 firms have been done in a previous conversation on LI.
Mention designation and office when you quote your salary. Any additional benefits?
Associates (0 to 5 years) - 30k to 1 lac (Litigation) & 40k to 1.2 lac (Corporate)
Senior Associates (5 to 7 years) - 1 lac to 2 lac
Principal Associates (7 to 9 years) - 2 lac to 3 lac
Counsels (9 years plus) - 3 lac to 4 lac
This is the real pay structure at DMD, with marginal difference between the Bombay & Delhi offices. The Delhi office pays slightly on the higher side but that is also because they retain their associates as well.
What's the pay range of Pioneer and Stratage
Where do I need to apply at?
However, no one has given any insight into what this figure might be for non-tier 1's.
Kindly help.
No guarantee on regularity of payment. Maybe once in 2-3 months. Last retainer paid for Associates was for February and for Partners was December 2020.
I have no clue of what tier 2/3 SA1's would make but I suspect discount 20-50% based on current market trend.
Correct me if I'm wrong???
50k for Delhi
https://www.legallyindia.com/lawfirms/indus-hikes-all-salaries-fresher-pay-to-rs-1-lakh-10-bonus-eyes-day-zero-slots-for-now-30-c-us-hires-20210507-12083
All bonuses were paid out as per policy.
Please stick to discussing Tier 2 law firms such as Indus, Keystone Partners, Kachwaha and Partners, Kanga & Co., Bharucha & Partners, Link Legal etc. Discussion about Top 7 firms have been done in a previous conversation on LI.
Mention designation and office when you quote your salary. Any additional benefits?