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?
In most cases more rich
Law ghatiya profession rahega
Gen Z should aim for MBA or UPSC unless radical changes happen like entry of foreign law firms, creation of an Indian judicial service and fair pay to junior our advocates doing court practices.
That aside, if you work in T1 firms or good MNCs, do good work, it’s almost certain you’ll make that kind of Money. Best part is after 10 yrs, salary increases every year without you needing to do much more extra.
There’s still plenty of scope for Indian law firms to grow, we currently have 5500 listed companies, this figure should easily double in next 10 years. Can’t imagine the volume of M&A, cap marks, b&f, gen Corp and disputes work this will bring.
With China + 1 approach, FIIs will keep pumping money into India. Domestic consumption and retail participation is also increasing yoy. More law firms in India will breakaway and existing firms will become bigger.
Tech boom is fading away, doctors continue to be paid abysmally compared to the number of years they need to train, heydays of investment banking are already over. Lawyers especially Corp lawyers will be the most highly paid profession in India similar to western countries. This is irrespective of whether foreign firms set up in India, in next 10-12 years they would have probably been here 7-8 years already.