How are the legal teams in a PSU and what is it like working with them? Would the work be as challenging as any other in house role or is it a more generalist role? If anyone has any experience or views, please do tell, because otherwise it feels like walking into a dark tunnel!
Joining legal team of a PSU or PSB or regulator like RBI/SEBI is definitely not bad. Pay is decent for a normal middle class life and work-life balance is definitely better than law firm. However, the growth within the organisation may be moderate and slowly incompetence may creep in.
I joined a PSU way back in 2016. I belonged to a decent NLU and yet I joined this h*llhole. I had received an offer from a decent T2 Firm. At first, I thought the perks were attractive (financial and otherwise). Boy, I was so mistaken! The money is not even comparable 3 years down the line. Most of the additional perks are not even remotely enough to cover your expenses (rent etc. is pathetically insufficient!). Also, You'd know that the officers in PSUs lose out on the Taxation aspect big time as they are not on retainers. Once someone joins a PSU, the market value forever decreases. You cannot even think of joining the litigation offices as the advocates will despise you and you will be under the command of people of your age. Moreover, when you join some place as an associate afterwards, you'll be reminded of the lost years.
The worst part is the working environment. Incompetency and sycophancy go hand in hand. Moreover, people having powerful connections will get good postings and others will rot in unproductive and repetitive paper work. Every year, you'll ask yourself if you have learned anything at all. The answer would be that you have forgotten all the skills you had back in the day and have learned nothing new. Moreover, getting shouted at by incompetent bosses for no fault of yours, s*cks! Personally, I had reached a place where my younger brother made thrice my yearly income and used to be 10X satisfied with his work. PSUs are not the way forward. Merit is never almost never rewarded. Anyone who knows a minister/bureaucrat gets ahead in the line. Way Ahead.
My advice- Be very careful while making this decision. If you wish to stay at a PSU all your life (& suffer the consequences), then feel free to join. A change in career midway is almost impossible. The pay is attractive now but it will be insufficient to meet your expectations and relatively much less when compared to your peers who would have climbed up the ladder in Firms/Litigation. If you have an option of joining a firm, please join it asap. The PSU I had joined had made me sign a bond for 3 years. I thought I'd leave after that. But by then no one needs you! You'll be trapped. Sad but true! Hope, you guys save yourselves from this tragedy! Best.
Thanks you so much for the in depth explanation! I realllllly needed this. Really appreciate you looking out for others despite being stuck yourself. I really do hope you make it somewhere nice soon !
i spoke to one law officer in a navratna and one in a miniratna. i was v interested in the role because the hours are much better than a typical firm job and the pay is very nice (15L CTC for freshers). and sure, when you retire, you wont be making as much as a partner, but you will be earning a very respectable sum. but, like you said, these teams arent exactly known for their rigour. even compared to other in-house teams, the learning curve is much, much flatter. it's not so much legal work as managerial work. public works contracts are handled by the tech specialists, lawyers dont have much of a role. its more of managing licenses/clearances and managing ongoing arbitrations/litigations (hiring firms, empanelling counsels, collecting and producing relevant docs to them and coordinating with them etc). tbh, i didnt mind even that. i was okay with it. my bigger problem was working in a government setup. it's a lot of trying to explain very basic things to people who dont want to listen to you. and promotions are hardly ever based on merit. in general, people in non-core departments at psus are sorta washed up, imo. i cant work with them. this is what kept me from going for it. otherwise the gig itself wasnt bad. (oh and there was also the fact that to get into a psu, you have to get a rank in top 50 in clat pg. it isnt v difficult, but yeah requires at least 3-4 months of solid prep. i didnt want to put that much effort in for something i was so unsure about.)
It sucks. Big time. Nepotism,buttering, politics, sources will get you through this pathetic environment very smoothly if you have any. Incompetent people will sit on your head and people with 0 legal knowledge will tell you how to draft, where to put comma and how to write down an email basically micromanagement for their sheer ego pleasure. Even for promotions you will need hell lot of sources and mind games. Expecting fairness and empathy in PSU is useless. Moreover, if you want to ignore these factors, the only few factors which attracts people to PSUs are less work pressure, fixed office hours, no work beyond office hours and lastly you get plenty of paid leaves and a moderate pay compared to your peers in private sectors/firms. But in lieu of all these, your growth will be 0 and you will have to do same type of work till retirement, nothing new.
The worst part is the working environment. Incompetency and sycophancy go hand in hand. Moreover, people having powerful connections will get good postings and others will rot in unproductive and repetitive paper work. Every year, you'll ask yourself if you have learned anything at all. The answer would be that you have forgotten all the skills you had back in the day and have learned nothing new. Moreover, getting shouted at by incompetent bosses for no fault of yours, s*cks! Personally, I had reached a place where my younger brother made thrice my yearly income and used to be 10X satisfied with his work. PSUs are not the way forward. Merit is never almost never rewarded. Anyone who knows a minister/bureaucrat gets ahead in the line. Way Ahead.
My advice- Be very careful while making this decision. If you wish to stay at a PSU all your life (& suffer the consequences), then feel free to join. A change in career midway is almost impossible. The pay is attractive now but it will be insufficient to meet your expectations and relatively much less when compared to your peers who would have climbed up the ladder in Firms/Litigation. If you have an option of joining a firm, please join it asap. The PSU I had joined had made me sign a bond for 3 years. I thought I'd leave after that. But by then no one needs you! You'll be trapped. Sad but true! Hope, you guys save yourselves from this tragedy! Best.
but, like you said, these teams arent exactly known for their rigour. even compared to other in-house teams, the learning curve is much, much flatter. it's not so much legal work as managerial work. public works contracts are handled by the tech specialists, lawyers dont have much of a role. its more of managing licenses/clearances and managing ongoing arbitrations/litigations (hiring firms, empanelling counsels, collecting and producing relevant docs to them and coordinating with them etc).
tbh, i didnt mind even that. i was okay with it. my bigger problem was working in a government setup. it's a lot of trying to explain very basic things to people who dont want to listen to you. and promotions are hardly ever based on merit. in general, people in non-core departments at psus are sorta washed up, imo. i cant work with them. this is what kept me from going for it. otherwise the gig itself wasnt bad.
(oh and there was also the fact that to get into a psu, you have to get a rank in top 50 in clat pg. it isnt v difficult, but yeah requires at least 3-4 months of solid prep. i didnt want to put that much effort in for something i was so unsure about.)