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For internships, you have to easily burn 5k-10k on accommodation, food, travel on a daily basis. (Note: Burnished Law Journal gives you internships if you pay for it. Interns giving money for internship? GENIUS!) Same goes for moots (forget international ones if your university has no reimbursement policy).
Commentaries/bare acts are also quite expensive. Same goes for legal databases such as Manupatra/SCC.
And then you see the disparities between first-gen and nepo kids who get internships and already have the option of working at their papa's firm. (Some even become a partner in one year! Can you imagine?)
As the number of students that appear for CLAT increase every year, aren't lawyers gonna be one of the most unemployed professionals?
Please don't give me an example of some lawyer from the 90s or early 2000's who made it. Tiered firms literally get hundreds of internship applications every month. The competition is cutthroat and yet career coaching centres tell BTech aspirants that corporate law is a good alternate career path. Is everyone going insane?
Foreign firms aa jayegi 2047 tak to
2) Burnished law journal is the most unethical journal and firms should stop entertaining them. Spending 12-20k to get a T1 internship is bizzare.
3) Despite having numerous internships on Cv it has become difficult to get placed. It's not that the student lacks skills but the opportunity to get an interview/ assessment is almost nil without a placement cell.
4) The amount of internships a student does these days could easily get themselves placed in any other field with a better paying job than tier-1 firms.
5) The pay across tier-1 firms is nothing as compared to other fields for the number of hours spent on working. A lawyer easily spends 11-14 hrs a day on job whether it be litigation or corporate. Weekends are never off and social life, wlb doesn't exist.
Surely, firms like NDA, SAM, CAM, S&R would not want to spoil their reputation for a few thousands.
Imagine we are 1.44 billion people
We need more law colleges
I used to work at L&L and then S&P and have seen his house. That house alone must be worth 200-300 Cr.
Where as law everything that you can imagine you have to pay for - knoweldge / search engines (live law, SCC, Manupatra), internships, relocating for job (so many engineers have their relocation costs covered by the company).
Law is the most unwelcoming field - you work almost 14 hours, get paid half as people in other corporate jobs, get not even half the perks, can't even take off when you really have too, have no personal life.
Ek competition kam kar de na
1) Coders get paid wayyyy more than that, the salary you quited are for backend roles or simple sales/marketing roles where mass recruitemtn takes place.
2) Even the salary you quoted are usually in WFH profile, so essentially, they are saving all the money they earn, unlike in law firms jobs which are compulsorily offline. SO, no matter how much you earn,you would be specing a good amount in rent,travellling, food etc.
1. There is no point in studying in privtae law schools today, save for a few elite law schools. Rest all charge almost the fees with absloutely no ROI. Better study at gvt unis or less expesnive law colleges and side by side prepare for a professional certification like CS, CA CMA etc. The returns after 5 years would be immense.
2. If u live in tier - 2/3 cities, rather than burning money to work in tier 1 firms, find good remote internships. There are a lot of firms offering remote work and you would save on a lot of money and time.
3. Take up freelancing work to earn side income.
4. build and alternative career asides from law - finance, marketing, web designing, botech etc since being limited to only one spehre would not help in the long run .
5. Preapre for govt exams which do not have much competition - like SEBI/RBI Grade A, Law officers etc. atleast for one -two years if u plan on doing litigation.
6. Last but not the least, stop wasting monry in sensless courses and sham internship programs, would do me and urself a hell lot of favour.
Learning itself equals to crores of rupees
Ab jo input aayega wo hi to output hoga na