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"device complex structures" = tax bachane ke liye 4 alag companies incorporate kar diya
"developing market leading products" = mortgage ko bracket mein Collateralized Debt Obligation (CDO) bol diya
"test the boundaries of law" = the rules are confusing, case law nahi mila
"fin tech lawyer" = I understand neither finance nor technology par naya RBI circular aaya hai ispe
"cutting edge work" = client ne email mein 'blockchain' likha hai
Also to the guy that said we do complex work - bees make beehives (Complex) - ants coordinate amongst themselves through senses of smell and pheromones (complex work). Complex is all very subjective really.
...... We dont do anything complex. We dont advice on complex structures. RBI and SEBI have a few rules - we simply tell our clients that we can do this and we can do that. Im sorry but STFU. dont even pretend for a second that we come even remotely close to splitting the atom or even designing extended bridges (even this has more value add that all fee earners at SAM combined)
The above comment is one of the most idiotic and uninformed comments on LI.
Generally speaking, in most professions law/finance/mgmt consulting/etc etc. 90%+ professionals dont do cutting edge work and are employed for run off the mill tasks that dont really test their proff. competence. In fact, in most corp. jobs an overwhelming majority is engaged in copy paste type work.
Now, clerical/low end/compliance work related comments etc. alluding that work of a corp lawyer is not valued. It depends on the lawyer, practice area and expertise. Corp lawyers - anti-trust, fin tech, IP, debt, complex M&A work are valued in the market a lot. They get complex matters/deals done which are untested, device complex structures and assist in developing market leading products that test the boundaries of law.
Furthermore, a lot of corp lawyers also play a big role in corp law policy making which is really an invaluable contribution.
So if you are not one of those, try and do some cutting edge work and then see the diff. in how you are treated and valued.
Also, the above is true for litigation too. Not every litigation lawyer who appears in routine matters and drafts petitions, plaints etc. is doing a great job. Doing cutting edge work like the lawyers who argued the cryto case in SC is what is valued.
Hope this response makes sense to all those who agree with the above comment and the comment from Good Morning Dear who only seem to know the PE lawyer drafting universe.
It depends on the dog walker really.
To facilitate entry of people from fields other than law, in England there is a bridging exam to enable non-law graduates to practise law. (Probable reason: they bring a different perspective).
It's just that we lawyers have just created for ourselves a make-believe exclusive club where we pretend to know things - the entry barriers being a 5 year degree and bar council registration. Once AI comes in cheaper, this will be destroyed too.
Tbh, it's same for management consultancies too.