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Ideally, the grind pays off, but takes everything
I'm 3rd gen into general corp lit., and I laugh hard when someone 1st gen talk about lit.
I am around 4 years in, going solo, and make as much as an A1 at a T1 firm. I am doing OK I guess.
ATB for the journey ahead!
In fact it is very much believable. Dude has slogged for "4 years" to reach at the level of what an A1 at a T1 would earn in their second year. Also an A1 would at best be earning not more than 20-21L.
Another senior who is independent and is 8 years into practice probably makes around 200k. Another independent one is almost a decade into practice and is roughly around 600-700k. Again same similar background.
Give these people a few years more and they are going to earn more than those corp partners. Not to mention WLB is really good. They are a few stressful days but overall it's nice.
But all of them really had tough initial years. I have personally observed two of them so can really feel it.
Joined another chamber in 2020 and got paid 35K which increased to 50K after 1 year. Quit that in 2022 and joined a senior who paid double of my earlier compensation. Did not have much independent work so felt a little disappointed as opportunities outside office were very limited. Stuck around at the seniors office who started trusting me more. He started giving some independent work at the end of 2023 and also increased my monthly remuneration to 1.5L. Some people who used to come to brief him also started giving me some independent drafting work which paid well so have been able to increase my monthly income to 3-5L. There is still uncertainty about arguing briefs and also about independent clients.
Hoping to go independent next year. Hopefully it will all work out. Hope it does for you too.
thanks in advance