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Also, at lot of the people who were hired directly from my college (during my years) through the India schemes were often given a little more exposure to the India desk/work at HSF/A&O/Links - not as formal policy, but this does exist. I'm not sure if this is still the case, but a non-India scheme hire would very possibly mean avoiding this, unless you want it.
Just saying that a TC is a wonderful opportunity you would be insane to let go of, regardless of it being 1 year (in case of India scheme hires) or 2-3 years after one graduates.
gives them even better street cred later on
During 2008 financial crisis when some of the firms held back offers, they offered to pay the fees for LLM course, I am sure with the firms being flush with money now something like this can be negotiated