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First, answer this for yourself: Being a lawyer or a law student how are you different as a lawyer than a normal person who can google and read English? Before you entered law school, did you know about contract law or civil procedure code or, let's say, the basics of the constitution of India? I am sure not. What law school gave you was a platform that enabled you to learn about these legal texts and their jurisprudence to understand them, which made or will make you a lawyer.
Similarly, a foreign LLM helps you take your academic and professional experience further to make you a better lawyer. You'd learn concepts that you might not have even heard of in your undergraduate studies.
Let me draw a parallel from Lage Raho Munnabhai to explain this better (spoilers ahead). Our beloved Munnabhai could see Gandhi answering questions about what Munnabhai had already read about but could not answer the questions that he did not know. So we are able to think within the limits of our knowledge base. So, if we expand it, we will be able to think more efficiently and effectively.
Now, you could argue that you can also get that with experience. Absolutely true. But you don't get the experience of the entire legal system by just one case or, let's say, 10 cases. You learn as you go. What if you had a ladder that helped you get that experience in one go?
In addition to your academic experience, it also helps you develop other important aspects about you, as well. For instance, it teaches you how to network, improve your presentation skills, boost your confidence in a room full of strangers, etc. All of them combining in to make you a better and a confident lawyer.
TLDR: The answer is simple, if you are looking to become a better lawyer, the foreign LLM will help you do that but if you are just taking a myopic view of it converting into a foreign job, then more often than not it will be met with disappointment. A foreign LLM need not necessarily get you a comfortable life abroad, but it does help you individually in the long run. It all depends upon the motivation behind the foreign LLM and what you want to make of it.