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1. Your placement cell is on steroids, and has finally realized they are paid to do a job. So they get some corps. to hire from your college. Now, these companies descend based on your college. Top 1-4 NLU's get the cream (12LPA CTC), 3-6 ranked NLU's (6-9 LPA). Private college recruits ones range from 4-6 LPA.
2. References,Refrences, References. All the PQE requirements fly out the window if the Head/VP-Legal happens to be your uncle.
Hope this helps.