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Also, after working in Junior Judicial services if I decide to go into litigation, will I have to start from scratch? or I can charge similar amount a decently established Lawyer is charging?
To me, its all about money(I am ready to grind in a T1 day-night) and also getting some time to spend that money even if it is a few years later down the line.
Any insights would be really appreciated.
In litigation, for about four years, you entirely depend on seniors who throw a paltry sum and pass off as having doled out a moolah for you. You start making adequate money in 30s. Now, the term adequate is relative, but what you generate depends on a host of factors like area of practice, contacts and forums and most importantly, the city.
A magistrate gets to become a dj only after 45, unless you clear another exam at 35. He gets admirable power as a bonus and the pay mind you is peanuts. If the pay commission's recommendations are implemented, which will happen anyway next years, you get a very good salary.
Hope the above suffices.
If money is your only objective, why donβt you try to get into investment banking post an mba. Start doing finance or finance related internships from now. You sound like a first year so you have a lot of time. Try this. Work is as bad as firms but more money.
PS: just curious :P, not expecting smuggish replies