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People can confirm.
R - pls publish.
"We are merging since we both have common practice areas - Project & Infrastructure. We both don't believe that our associates require timely payment of salaries as they are considered as our own family, values matter - not money ".
With ❤️❤️
P.S.- I can only wish one day link legal (Read management) distributed the money. It crazy the amount of unprofessional payment system that goes on at LL.
P.s.- this topic on payment issues at LL is important to be discussed and highlighted.
Most of the partners are a grumpy lot too.. complaining about pay, bonus and work etc. There is no peace at any level here.. from A0 to partners, except a handful of chosen few.
There were rumors that some partners were to join from Indus, Khaitan etc.. but guess they knew better and decided not to.
Apparently, good people in LL leave after spending 2-3 years here & swear to never come back.
I understand that it's a business and tough calls need to be taken but some of these decisions were downright cruel and lacked transparency (nothing on record,no emails re the above).
Despite the writing on the wall people will still join this Firm. Some because of desperation for a job and others for a designation. I only hope that they realize quickly what a hapless situation they are in and leave for greener pastures.
Apart from the payment and mismanagement issues the place is an administrative nightmare. Minor things like getting OPEs cleared, getting a document signed, procuring stamp paper etc. is such a hassle.
And woe betide anyone in the lit team who has to coordinate with the court clerks. I’m looking at you Mumbai office.
#StinkLegal
(a) Its a typical Tier 2/ 3 firm which is on an upward trajectory;
(b) You do not get 100% of your bonus even if you have performed well - general range for a good performer is 75-90%;
(c) During covid, management took steps to ensure that Associates are least impacted. I guess there was a 10-20% deduction for a month or so. Most of the brunt was taken by Partners with deductions continuing till almost end of 2020. There was no deduction from the people getting below a particular slab- if i am right it was 40k.
(d) Firm has a mix blend of work, with some routine retainer work but also some very niche transaction work - they are advising Akasa, SJ on aviation and did Air India diligence for divestment. At any given time, they have 5 to 6 big live deals opposite the Tier 1 likes SAM, CAM, Khaitan etc. Its not a lot for a firm, but if you are in teams which do these kind of deals you will learn.
(e) They have been pretty bullish with the hiring during Covid but should have first sorted their own house before- may be paying arrears would have been a good thing to start this.
(f) There is some level of nepotism but frankly if you have seen SAM and CAM, it is much lesser in degree and frankly, there is hardly any firm in India that i know of where the family of the MP is not the preferred lot;
(g) Like all places, there is a mixed lot of talent here. Many lateral hires in the last few years have been good and a few old ones are also good in their work and cordial to work with. There is no quality benchmark- quality of work and expectations of your partner varies from team to team.
(h) The firm has been pretty accommodating on WFH and whether you need to come to office or not is majorly Partner dependent.
(i) LL is not a great pay master. They may claim to be taking steps to correct it but a lot of work is to be done. Lack of good salary is a major reason for attrition across levels. Those of you who are at mid level or senior level will know that priorities change with time and after a level you are happy if you get a decent money in bank account but get the other perks like work-life balance, freedom to work etc.
If money is what drives you, this is not the place. If you are looking at a good experience and may be a few stable years without office politics (at least at below partner level), you could consider this place.