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Nope, brother. It is not economically viable for a salaried law firm partner to buy a 50 lakh car. In a city like Mumbai, 12 years PQE gives you the opportunity to save a corpus of 1.5 crores at max, provided you compromise a lot on luxurious lifestyle and foreign vacations. Spending 50 lakhs from that savings is utterly stupid and beyond recovery in a place like Mumbai where you’ll have family responsibilities and a home to purchase. Most salaried partners start at 80LPA which comes down to around 65-70LPA post taxes which is not enough to cover the EMI payments for such cars. Therefore, based on the general trend in lawfirms, Creta/Seltos/Verna is the most preferred choice among salaried partners with few exceptions going for a higher segment like Harrier, XUV, Thar. It is only the equity partners who can barely manage to afford an entry-level luxury car. It is not a norm in lawfirms for partners to drive around in luxury cars. Sorry to burst your bubble kids.
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