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?
….even a “new” senior we brief charges 2.5-3/L hearing but does 3-7 matters a day, that is 7.5L/day at the low end to 21L/day at the high end. For tax these guys also do several opinions / week + conferences at 0.5-1.5L per conference which are equal in number to the number of matters for the next day. So no a senior does not need to charge 5L/matter but does need to be “busy”. I know of at least 15L tax seniors at BHC making 10Cr ++
Its just pure nepotism and connections that help Senior Advocates make that kind of money. A chamber of a senior Advocate would not be able to handle so many big cases otherwise.
I am in an NLU myself and am in law for the same reason as you. Yet, litigation continues to be a nepotist profession for the way it is designed. Firms give you an early standing, but you do not reach where the king's son sits.
The annual income he declared was Rs 10 crore.I I guess this would include income from investments too. So perhaps his law firm income will be around 9. Honestly, I expected it to be a lot higher, unless he is under-declaring. Because tier 3 senior advocates earn more than this.
What do you guys think? Is this the going rate? Do they earn that less in relation to senior counsels?