You are comparing apples with oranges. The figures quoted of so called tier 1 firms are of their tier 1 practice areas such as M&A which are high paying. The payscale of IDT teams in these tier 1 firms are peanuts compared to their counterparts in other practise areas. Also the bonus in LKS ranges from 2-4.

IDT practice is becoming stagnant across many firms. The reason is that the government through the GST Council has been resolving issues and simplifying the GST law. The IDT work on the advisory side has seen steady decline and the market is becoming tougher with many boutiques, CAs and Big 4 commoditising the work. If the Customs 2.0 reforms also simplify customs laws, that will make it very difficult for IDT focused firms to sustain revenues and growth. If you have an option, choose some practice area other than IDT.

This is an apt explanation of the “factor” system. I remember a few years back, the variable component in my monthly compensation was 40k. Out of this, every month I would get 15k, 20k, 25k, but never the full component. By the end of the year, I had lost about 200k in that year. Guess what my bonus that year was? It was 200k.

So, what was deducted from my monthly compensation in the entire year, was paid back as bonus. As a result, I just got my full salary for that year, but effectively, no bonus. This starts to hurt more as people progress to AP and Partner as the variable component increases. This is one of the main reasons, many people leave at PA and AP level. No doubt LKS folks are one of the nicest bunch to work with. But the compensation and incentive structure needs a serious rethink.

Not perfect or close to it but the closest i have experienced, had the best wlb for few months i interned with them, they would be a great starting place just if not for the very evident gujju bias or connections culture prevalent in the firm even more prevalent with arrival of Shree. But yea fun place

Have given written assessment plus 2 rounds for lateral switch to trilegal. Response has been positive from what I could gauge. However no response from the firm as of yet. If anyone could shed some light on what the process is usually like (timeline, further rounds etc) it would be of great help!!! (Mods pls bump this)

I see quite a bit of MBA vs Law in here. Well, I'm a guy who did neither. I got into a top 5 law school in my second CLAT attempt but didn't end up loving it. Left in a week or so and continued with my undergrad ( I was already a year into it). But I'm still in touch with some lads from this NLU.

Fast forward a few years, I got into XLRI. Again, didn't end up going. This time because I'd just started up my own thing. Most of my friends went to top b schools and I have an excellent idea of what goes on there.

FMCG/CPG programs can be considered the above average outcome for the vast majority. I myself had a HUL PPO even before joining campus through something called UFLP. The pay 35L CTC - with an in - hand of around 2lpm. This is for someone who is, on an average, 24-26 years old. Remember, they've also spent 30-35 lacs all in on their MBA and lost 2 years of pay.

I reckon a lawyer at a T1 takes home 2 lpm by the time they're 25 or so without the student loan. Plus, law firm salaris grow faster than CPG salaries. Also, y'all be really using that 44ADA or whatever it is where you don't really pay a lot of tax. I've been led to believe your take home is like 85-90% of you CTC(I'm not too certain as I don't want to pry on my friends)

Ofc, I am not comparing the IB/PE/VC/HF/AIF/strat consulting/PM roles. These are far and few in between and are a top 20% outcome. A good law firm is far more acheivable and in one's control. Unless you're tired sick of law and want a desperate out, a B school isn't worth it. Atleast for most of y'all.

I am joining a firm at nariman point, looking for flatmates around the same area, maybe marine lines or fort. My office is near vidhan bhavan. Any leads? Any vacancy in a pre occupied flat works too, if anyone else is interested please drop an anonymous email ID so that we can connect.

Just making a general observation applicable to a lot of law school. In the guise of "critical thinking", the hard law component of Indian law schools is being severely diluted. There is little or no focus on drafting. There are very few conferences, elective courses, intra-moots etc on hard law subjects like CPC, CrPC, Company Law, Banking Law, Tax Law, Contract Law etc. In subjects like Constitutional Law or IPC, the study of sources like statutes and case law are cursory. Many of the teachers are busy waging culture wars. For example, to appreciate issues like the CAA, grant of bail to Umar Khalid, sedition etc, we need to stop obsessing over Modi this and Hindutva that. We need to familiarities ourselves with solid legal precedents, maxims, methods of statutory interpretation etc. Think like a lawyer.

The other big problem I see is reliance on sources like Wikipedia, which in turn lead to reliance on sources like the Wire, Caravan etc. That is no substitute for reading law journal articles and case law.

Happy to hear arguments for and against.

😂😂😂🍿🍿🍿

Get ready for an AM Singhvi vs Tushar Mehta fight in the SC tomorrow! But a more serious constitutional question on whether arrests can be made for interfering with an ED raid.

https://www.republicworld.com/amp/india/breaking-ed-raids-i-pac-in-kolkata-mamata-banerjee-rushes-to-pratik-jains-residence

Knowledge becomes powerful when it can be applied effectively, and teaching philosophies associated with UNICCM School ensure that students experience education as preparation for real occupational demands. This reinforces the credibility of academic qualifications.

People who have worked at London/NYC firms - from when do these firms count your PQE? From the year of graduation or from the year of you attaining CoP in India? I graduated in 2023, gave my AIBE in 2024 and got my CoP in 2025. Accordingly, from which year would these firms count my PQE?

The only thing which Projects lawyers are good at is due diligence given how infra/PPP mandates span heftier layers of diligence across common red flags in mergers/PE deals. Despite that, a lot of infra development/bid scenarios dont go through in India. Beyond these issues, the practice is terrible in terms of margin and comes with twice the slog which GC lawyers are required to do.