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2. No such thing as connections in partnership. Only pure merit.
3. Mid levels move out because they cannot handle the work pressure not because they are denied partnership. If you have been excellent at servicing clients, then you are guaranteed a seat at the table. In house is utterly useless and I would suggest not even going down this path, unless you want to sink your own career.
4. There are broadly equity and salaried partner models. If you're equity, you get a share in the business.
Depending upon the firm, salaried partners (10-12 PQE) may or may not be required to bring in work. It depends on whether their equity partner is a big or mid rainmaker. If it is the latter, then minimum expectations are you bring in revenue that covers your own small team’s cost (inclusive of bonuses) along with a 30% overheads cost. Ideally in a team sizing of a salaried partner and a couple of SAs and As, this would mean 3 cr to 5 cr.
Bringing in the work is both a mix of your abilities as a good lawyer and your social skills. You do not need to be a second generation lawyer (although it helps). Connections are built through friends, college mates who went in house, through introductions by existing clients to their other GC friends and of course through regular business development.
In order to reach this, by the time you are 8 PQE make sure you have at least one if not two dependable juniors who will help you execute the work such that you can take out 2 hours in a week to develop your market skills and connections. These are the juniors who you too will lead in the future when you become EP and to whom you will hand over part or your entire book as you grow.
It is not easy but it is also not as difficult as it may seem. You have to balance your work execution, client persuasion and team management along with whatever semblance you have of a family life. The real difficulty is scaling up to the next level, i.e. a 10 cr book.
For non-M&A teams, you have to figure out the right mix of taking up a couple of large mandates and smaller but voluminous matters to reach your targets. Start this exercise at 7 PQE and work towards it religiously. You will be able to achieve it.
If you have other questions, please feel free to ask. Its important that this conversation needs to be had in an otherwise self oriented profession where personal ambition/greed trumps healthy team and succession planning.
- Not that Old First Gen EP
BCI first decided that outgoing NALSAR batch should not be allowed to enrol, later they modified their own order
if i am ever to provide an example of a capricious (improper and illegal) use of authority, i shall use this incident
https://www.livelaw.in/top-stories/no-nalsar-graduate-of-2026-will-be-enrolled-as-advocate-says-bci-chairman-after-students-campaign-against-cji-surya-kant-545695
He called fake degree holders parasites. You may disagree with him - but baseline expectation is you actually know what he did to earn or not earn your condemnation. Is the Supreme Court the port of first call for every instance of police brutality in the country ? Was he simply trying to get on with his business - judging cases that actually were properly in the supreme courts jurisdiction instead of turning the court into a stage for a politicised media trial ? Honestly you sound quite uninformed and uneducated.
Which ideas of his are bad actually ? Why can’t students listen to ideas they disagree with once in a while ? What terrible thing would happen? What is your obsession with ideological purity ?
And let’s be real - Nalsar doesn’t provide a platform for the chief justice of India. Regardless of what these students do - he has already reached the goals he likely had in his professional life- goals almost none of these students will likely be able to reach. The only thing no platforming does - is reduce civility and polarise discourse in a democracy. It only puts you in a SILO - it’s not liberal - this is an anti-liberal move.
You absolutely have the freedom of speech to be as stupid as you’d like - but other people can call cancel culture what it is and they can decide your arguments are stupid. And ultimately - I’d hold the adults in your life responsible for failing to inculcate enlightenment values in you.
I understand for someone who hasn’t achieved much else in their professional life they want to assume that their opponents will always be poorly educated. In any case - you may choose to bury your head in the sand and not believe me - but I graduated from Nalsar- near the top of my class, and went on to do remarkably well. I’m actually a favorite son of the institution. Neither of our qualifications - should weigh into whether our arguments are valuable. That’s just base credentialism. Something NLU students would grow out of in their first year.
What exactly has surya Kant done to earn this ? Is it that he supports a political party- or is seen to support a party - that Nalsar students dislike ? If that’s enough reason to behave in so uncivil and discourteous a manner - I’m afraid these students will have a rude shock coming to them when they go into the profession where most professionals are right wing.
It is of course students right to be as stupid as they’d like - just as it is mine to call them on it. I really think maybe their educators have failed them at this point. It absolutely is not the essence of Nalsar to be entitled and ignorant and to engage in cancel culture. The essence of Nalsar - was developing deep thoughtful young people who were committed to being good lawyers.
1. Ravindra Bandhakavi (to a direct competitor) 2. Shaneen Parikh (to a direct competitor)
3. Kapil Arora (to a direct competitor)
4. Ajay Sawhney (to a direct competitor)
5. Abhilash Pillai (to a direct competitor)
6. Faraz Alam Sagar (to a direct competitor)
7. Aditi Misra (to a direct competitor)
8. Bhupendra Verma (to a direct competitor)
9. Rachika Sahay (to a direct competitor)
10. Garima Shahani (to a direct competitor)
11. Amarta Roy(to a direct competitor)
12. Poornima Singh(to a direct competitor)
13. Srabanee Ghosh(to a direct competitor)
14. Anchal Dhir(to a direct competitor)
15. Shubham Rastogi(to a direct competitor)
16. Omar Ahmad (going for independent counsel practice)
17. Gauhar Mirza(to a direct competitor)
18. Reuben Chacko(to a direct competitor)
19. RC (with some other partners) - easily 4-5 partners together.
20. YA (with some other partners) - easily 4-5 partners together
21. Vartika Jain (moved in house)
22. Ashwin Sapra(to a direct competitor)
23. Alok Shankar (going for independent counsel practice)
24. Anandita Kaushik (moved in house)
25. LV (moving to academics)
Easily a loss of approximately 35 partners within a year.
More exits will come post Diwali bonus. In any case blast for next March is also already in pipeline.
there are plenty of NLU grads who have gone to the UK, have done their PhD on scholarship there and have settled there
we can celebrate their success, but what good does it do to the Indian unis?
▮▮▮, JSA’s TMT partners are good. Challenging but rewarding work.
I am curious to know what are the benefits or privileges the advocate will get after becoming Advocate on Record
Note: Expecting real input not obvious one
Re Jindal, it's a one-man show by Rajkumar and he is not too comfortable with a strong alumni body either. He only cultivates a few pet favourites.
Mediocrity requires brochures and websites. For those excellent, their work speaks for itself.
https://www.ndtv.com/india-news/cjp-protest-ranchi-student-protest-did-insta-algorithm-boost-jantar-mantar-and-mute-jharkhand-ndtv-data-analysis-11902951
Now with this Collab, CAM has direct access to these counsels.