But note this line: "Companies vied to hire IIT students with attractive packages amid a fierce corporate battle for top tech talent. To be sure, IIT placements are not a barometer of the broader labour market, which is quite complex and layered."
This is a crucial warning for people to understand before comparing NLU and IIT placements. We must understand that the legal sector is not liberalised like the tech sector. The legal sector is still in licence-raj mode and controlled by a handful of oligarchs opposed to liberalisation and FDI. We cannot see IIT-like salaries in the legal sector until the sector is liberalised.
Also, hoping that tech companies will splurge on legal talent is a pie in the sky. Tech companies need tech and IP lawyers, but the scope for such law in India is still low. Rather, it is better to do an LLM abroad and work in the tech and IP space abroad. There are cases of Indians doing LLMs from the US, UK and Germany and working in tech companies there, but they would probably struggle to get a job in India in that field and the work will be of low-quality.
I am seeing a tendency by some CLAT coaches to say that NLUs are like IIT. This is totally false and misleading. One such CLAT coach has a huge following, so it is sad he is making such statements.
I am sure you have got no idea about what you are saying. Everybody else is sure about it either. NLSIU average salary package isn't any better or worse than the top 5 NLUs.
Correct. IP law will be a big practice area in India the day India becomes a country of innovators and creators making high-value IP assets. That is not the case now. We just copy from the West, be it in designing apps or Bollywood or fashion apparel. In Asia, China, Japan, Korea and Taiwan are today innovation powerhouses, but not India.
1) The figures mentioned in the pages are in INR, whereas the salaries offered at almost always in USD. $150k in US/UK is not equivalent to INR 1 Crore in India.
2) The foreign technology companies are not allowed to hire Indian lawyers because the Indian law degree doesn't count there. Once the Indian law degrees are converted through reciprocity regulations, the compensation offered by foreign law firms are almost always equivalent to $100k or more.
https://www.moneycontrol.com/news/business/economy/exclusive-iits-attract-9000-jobs-in-first-phase-of-campus-hiring-over-160-get-rs-1-crore-plus-annual-salary-7858651.html
But note this line: "Companies vied to hire IIT students with attractive packages amid a fierce corporate battle for top tech talent. To be sure, IIT placements are not a barometer of the broader labour market, which is quite complex and layered."
This is a crucial warning for people to understand before comparing NLU and IIT placements. We must understand that the legal sector is not liberalised like the tech sector. The legal sector is still in licence-raj mode and controlled by a handful of oligarchs opposed to liberalisation and FDI. We cannot see IIT-like salaries in the legal sector until the sector is liberalised.
Also, hoping that tech companies will splurge on legal talent is a pie in the sky. Tech companies need tech and IP lawyers, but the scope for such law in India is still low. Rather, it is better to do an LLM abroad and work in the tech and IP space abroad. There are cases of Indians doing LLMs from the US, UK and Germany and working in tech companies there, but they would probably struggle to get a job in India in that field and the work will be of low-quality.
I am seeing a tendency by some CLAT coaches to say that NLUs are like IIT. This is totally false and misleading. One such CLAT coach has a huge following, so it is sad he is making such statements.
Indian Tech Industry = Top1% = Low Innovation shady byjus type. 99% = Low End Outsourcing work which only exists because of cheap labour in India.
Indian Firms don't have any innovation to protect. That's why they don't have many IP lawyers like in the west.
1) The figures mentioned in the pages are in INR, whereas the salaries offered at almost always in USD. $150k in US/UK is not equivalent to INR 1 Crore in India.
2) The foreign technology companies are not allowed to hire Indian lawyers because the Indian law degree doesn't count there. Once the Indian law degrees are converted through reciprocity regulations, the compensation offered by foreign law firms are almost always equivalent to $100k or more.
Trust this clarifies.