NLSIU Bangalore students have landed a record 44 jobs after Day Zero and Day One of recruitment for careers beginning in 2020, across most of the large law firms and companies.
A total of 58 students are taking part in recruitment activities this year, out of a total batch of 80, according to the Recruitment Coordination Committee (RCC).
The largest recruiter was L&L Partners, which hired 9 via pre-placement offers and another 3 from campus on Day Zero.
Shardul Amarchand Mangaldas and Trilegal both hired 7 each (with the majority via PPOs), while Cyril Amarchand Mangaldas picked up 6 students (of whom 5 came directly via campus Day Zero).
Khaitan & Co hired 3 students, followed by AZB & Partners with 2, and 1 each by S&R Associates and Talwar Thakore & Associates.
After Day Zero, another 5 offers have come in via campus interviews with Argus Law, ICICI Bank and French bank Societe Generale.
The recruitment committee said that the bank jobs could expect packages between Rs 12 - 16 lakh (while those at the top firms would get packages from Rs 15 to 18 lakh).
NLS’ result is numerically an improvement on last year’s Day Zero tally of 36 top domestic law firm jobs (excluding Day One recruiters such as ICICI, which brought the total to roughly the same as this year’s, at 46).
But unusually, compared to other top NLUs, the NLS RCC has not reported any high-paying foreign law firm vacation schemes so far this year.
No foreign jobs (yet?)
An RCC member explained that since foreign jobs were procured independently of the RCC, it could not make a comment or offer an accurate explanation on why there were no vacation schemes or training contracts in the batch so far. However, one student said that fewer NLS students may have applied for foreign jobs this year than in previous years, though they could not confirm exact numbers since most students applied for vacation schemes by themselves.
On the other hand, it’s possible NLS students were just unlucky this year in their overseas applications, though last year at the same time only one NLS student had secured a vacation scheme out of 46 jobs but was considering dropping this for a domestic job offer (the year before that, NLS had 3 vacation schemes by Day Zero).
If it is indeed becoming a trend that NLS graduates are becoming more interested in remaining in India rather than the traditional exodus of toppers abroad, it may only be possible to corroborate it by later in the recruitment season. If so, it would be an interesting - if surprising - sign that foreign jobs may be losing their lustre compared to a booming Indian market, despite near-starting at annual salaries of Rs 42 lakh.
The other Day Zero figures we have reported so far this year, have seen schools such as Nalsar Hyderabad pick up a record 8 foreign placements.
However, while at most RCCs those figures are generally reported as part of Day Zero, we understand that at most NLUs, foreign jobs are generally secured independently by students without much assistance from the RCCs (perhaps in part because foreign firms have their own streamlined online processes for applications).
And, at least anecdotally, compared to 10 years ago, it seems that toppers from the top NLUs have increasingly also considered careers at the bar, which may offer more interesting opportunities coupled with network effects from alumni who are doing rather well there.
RCC hopes placements will continue to diversify
The NLSIU recruitment committee consists of, as pictured above: Ashim Gupta, Samriddhi Shukla, Akash Jain (top row, l to r), and Neha Lodha, Niharika Sharma, Aishwarya Dixit, Dhanush Dinesh (front row).
“We are forever grateful to the Recruitment Class of 2020 for their continued faith in us, and hope that placements at the NLSIU continue to grow and diversify,” commented the committee in a statement. They added:
Credit must be given where it is due, and it goes without saying that these achievements would not be possible without the continued support of the Vice Chancellor of the University, our Internship and Placement Co-ordinator Dr. V. S. Elizabeth, and the other administrative staff, who made organising the respective recruitment days incredibly smooth. We continue to be grateful to our ever-growing alumni network, whose guidance and support has made NLSIU the institution that it is today. Additionally, we thank all the firms that participated in the recruitment process for their continued interest and co-operation.
The 22 students in the NLSIU batch of 80 who are not participating in the of RCC activities 22 are likely to go for a mix of LLMs, the bar, judiciary and civil services exams, said a campus source, though it was too early in the year to provide a full breakdown.
Other NLU days zero so far
- GNLU places 44 Day Zero students, 3 foreigns (out of 170)
- NLU Jodhpur Day Zero kills it with 42 jobs, including 3 foreigns (batch of 101)
- NUJS 2020 batch sees up to 65 students already placed after Day Zero (batch of 120)
- Nalsar Day Zero 2020: Record 47 jobs (incl 8 foreigns) (batch of 113)
NLS Day Zero & One figures
Recruiter | PPOs | Day Zero | Day One | Total |
AZB & Partners | 2 | 2 | ||
Cyril Amarchand Mangaldas | 1 | 5 | 6 | |
Khaitan & Co | 1 | 2 | 3 | |
L&L Partners | 9 | 3 | 12 | |
S&R Associates | 1 | 1 | ||
Shardul Amarchand Mangaldas | 5 | 2 | 7 | |
Talwar Thakore & Associates | 1 | 1 | ||
Trilegal | 5 | 2 | 7 | |
Argus Law | 1 | 1 | ||
ICICI Bank | 2 | 2 | ||
Société Générale | 2 | 2 | ||
Total | 23 | 16 | 5 | 44 |
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Days Zero alone (excluding Day One, excluding foreign jobs for NLS but including for others):
NLS: 39 out of 58 RCC subscribers already placed is basically 67% (or 49% of the total batch of 80).
GNLU: 44 out of 82 RCC members is about 54% (or 26% of the entire batch of 170ish).
NLU Jodhpur: 42 out of 60 subscribers is 70% (or 42% of entire batch of 101)
NUJS: Around 65 out of an unknown number of subscribers (or 54% of entire batch of 120)
Nalsar: 47 jobs out of 69 subscribers is 68% (or 41% out of batch of 113)
In short, all are in very similar ballparks, and any differences in absolute numbers are mostly balanced out by differing batch sizes, meaning that the opportunities available to individual students joining are very similar (and perhaps even a tad greater at NLS due to the smaller batch).
As regards foreign jobs, yes, it's worth taking these into account, though training contract and vac scheme sample sizes are smaller and can therefore fluctuate more year by year and are never guaranteed (nor do they have that much to do with the institution, unless it provides coaching or assistance with those applications).
Yes, I think Days Zero are a very useful indicator of performance and opportunities available to toppers, but the more important numbers for the typical students joining are what happens to the rest of a batch, including those who don't subscribe to the RCC, to build a picture of career opportunities available.
But then again, I generally don't believe much in the usefulness of absolute rankings in these scenarios.
However, I do personally think it's highly unlikely that student quality at NLS would have dropped so drastically that no foreign firm wanted to recruit from there (yet), considering NLS is still top in the CLAT preferences every year. So it's more likely that it's either that foreign firms are getting less popular (which is possible at NLS, though also seems unlikely) or that it's a random aberration. Would be keen if anyone from the 2020 batch has some insight on that...
Also, I told you about the declining application for VS among tier one law schools' top students, remember? There's also another reason for NLSIU and NUJS RPC's reservation. Most students securing TCs join there one year after graduation and at least some of them like to spend that year working at a tier one indian firm. Thses firms tend to withdraw offers made if they know of this. Hence the students try to be as discreet as possible these days. Unless all the NALSAR, NLUJ and GNLU students having secured TCs have no interest in working for Indian firms like that, their RPCs actually missed a trick in revealing that info to you, because sure as hell domestic firms keep an eye out here.
Gold medal status (15 points for each:
1 ) TCs
2) Rhodes, Felix, Chevening, Commonwealth and Gates scholarships.
3) Offers from MckInsey, Goldman, JP Morgan, Bain or Boston Consulting.
Silver medal (10 points for each)
1) Big 7
2) Big 4 accounting firms: PwC, Deloitte, EY and KPMG
3) Worldwide Fortune 1000 companies
4) Any scholarship at one of the world's top 10 law schools per QS, awarding 100% tuition + 100% living costs.
Bronze medal (5 points for each):
1) Fortune India 500 company
2) Any full or partial scholarship at one of the world's top 20 law schools per QS
3) A set of leading non-Big 7 firms
Non-medal points, tier 1 (2 points for each):
1) SC or HC judicial clerkship
2) Any Senior Advocate's chamber
3) Any full or partial scholarship at one of the world's top 100 law schools per QS
4) Any NGO
5) Any other law firm or company
Non-medal points, tier 2 (1 point for each):
1) Any other job
2) Any other placement or LLM offer with or without scholarship
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