We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
You can also obviously get bigger raises by strategically switching companies over time.
I really would not start a professional career by looking at projections of 5 year salaries. You still need to discover what you like and what you're good at (and they may not even be the same thing). If 8L is enough for you right now, why not go for it, learn as much as you can, give it your best and see what happens next?
Having said that, some time at a firm will do you good before you start in-house. Mostly so that you learn how to negotiate, what to fight on etc.
Also, did you get the position through campus placements or was it a personal endeavour?
I will be paid 8L per year. How much can I expect my pay to be in 5 years ? If you have any idea about the pay structure? I am sure it would be different for different companies but still if you can give me an approximate ? thanks again!! :)
I was just thinking that isn't the salary difference too much ? I am starting at a tech company at a package of 8L as assistant legal counsel, how much will I be earning in say 3 years ?
As far as really learning how to interpret the law, how to run a business, how to lead a sane life - these only came from my time in-house.
So if you work on developing discipline, polish and clean drafting while in-house, I am not sure you'd even need to move to a law firm. Don't fall into the trap of thinking law firm jobs are more worthwhile or glamorous. They are absolutely not.
After an in house role, you may start from Tier 3 law firms, and then network and upskill your ass off to get back into Tier 1 law firms.
Contract Drafting
Data Privacy (HIPAAA and GDPR)
IPR Laws - US, EU and India.
Outsourcing laws.
Basic Corporate Compliance