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1. Join another firm - well, if someone is in a T1, and they can't grow, they'll have to move. They won't necessarily join another T1 again. So most would go to a lower tier firm, may become partner sooner. But money? Lesser. Again, no point doing it. Perhaps yes, you may get your name on the wall.
2-3. Your argument is incorrect. You are comparing a successful person in a law firm (otherwise everyone would become a salaried partner in 10-12 years) v. an average first gen litigator. In that comparison, yes, a law firm glorified clerk would win. But, we are comparing on equal footing - on people who are sucessful. Any litigator, regardless of whether first gen or not, if successful, in 10-12 years would not only be independent but also have juniors under them. And yes, maybe 1cr a year would be difficult, but surely it would be 50-70% of that. However, with 15 PQE, where a salaried partner may still remain one, the litigator would be outearning the partner. As for building a book, a litigator does it from day 1 (not counting the delhi based associate-junior system which is a mockery). So it ages like fine wine for a litigator. Not for a clerk who was only doing paperwork and now has to suddenly bring in corporate houses.
4-5. Fine, yes, I'll take it - job satisfaction means different to different people. To the glorified clerks in law firms, its surely a job in the legal profession. Their view and horizon are narrow. Second, as regards the work of a commercial litigator coming up only where a transactional lawyer fails - thats incorrect. Even if the transaction was airtight - if the parties violate it, a dispute arises which in most cases go to a litiagator- whether in arbitration or in courts.
6-7. Very, very incorrect. You think senior advocates are only those who come from generational wealth? They get cases because they got recommended? Right, so any tom, dick, or harry, irrespective of how good or bad they are, just because they are well connected, a MNC would entrust a billion dollar litigation to them
Why? Because they have generational wealth. Your point here unfortunately has no facts. Its utter conjecture. The controversies about senior designation aside (or being both opaque and rewarding undeserving people) it has rewarded many many 1st gen advocates who came from nothing. And those seniors are earning much more than their equivalent ▮▮▮ in a law firm who are salaried or equity partners with no identity.
No, you aren't dreaming small, or dreaming according to your reality. Your dreams are incorrect. There is every possibility for an IITian to have been a son/daughter of IITians. Your comparison does not make sense at all. To even say that no 1st generation would succeed in litigation is also a generic statement ▮▮▮.
In any case, whichever brand it is, if you are at a VERY fundamental level, probably the course can help you to some level. But obviously, no course or anything can wave a magic wand. Sometimes thi gs will work out, sometimes not
So a few questions about this situation -
1. How should I request those missing documents? Is there any specific format? Does it need to be a separate request or should be part of my evidence filing affidavit?
2. The next stage is for me to submit evidence, so can I say that I cannot submit evidence till these documents are submitted by the OPs? Or file my evidence just the same but highlight these missing documents?
3. In their written statement and affidavit, they have mentioned some incorrect statements, do I need to refute every incorrect statement in their response in my evidence filing?
Apologies if these are basic questions but I have filed by myself and there isn't enough clarity about the process. This being a medical negligence case, our lawyer was not able to handle it properly and abandoned it mid-way. We had to file ourselves to avoid going over the two years deadline.
"A smart and hardworking person will still make a name for themselves especially in research irrespective of the university."
1. Definitely possible, for sure.
2. But also there is a chance that it may not end up happening. Bad environments do hold people back, you know...
Chief Justice Gavai's decision reported in the Press to reserve two Supreme Court of India Law Clerk positions for Bhutan Law Graduates is incorrect. Law Clerks assist Judges. Under the Indian Constitution, Judges must be Indian Citizens. As a corollary, their researchers must also be Indian Citizens. Under what power has Gavai decided this. The Chief Justice has no such power. And besides being completely illegal, the decision is also arbitrary and takes away a valuable resource from Indian Citizens.
So Far I've done a district court internship and a inhouse one at dainik jagran and other research based ones which aren't even considered good.
My CV isn't very strong either,
here is the draft basically what my cv reads--------------------------------------------------------------------------------------------------------
CERTIFICATIONS & KEY SKILLS
·Banking and Finance by Khaitan and Co.
·Insolvency; Practical Insights into Insolvency Law, by Dentons Link Legal.
·Fintech and its Legal application by Asia School of cyber law.(100% accuracy in evaluation tests.)
Skills: Legal Research & Drafting| Litigation Exposure| M&A Exposure( I did cases studies and stuff so thought about adding this in)
INTERNSHIP EXPERIENCE- VIDHI, Dainik Jagran, JUS CORPUS, Shuruwat Foundation, District and Sessions Court
EXTRACURRICULARS( not veryy good at those)
1. 19th Ranked, xyzNLU, Civil Defamation Moot, 2024.
2. Paper Presentation: – “Public Interest Litigation and Media Advocacy for Marginalized Communities”
3. Participated in xyzNLU client counseling, Negotiation and Mediation Competition.
4. Research Projects( a senior asked me to add these in)
-Legislative Reforms and Social Impact in the Wake of the Nirbhaya Rape Case
-Agreements Opposed to Public Policy with English and Indian Case Laws
5. Authoring an eBook synthesizing legal resources and practical guidance to improve access to law for underprivileged communities
POSITIONS OF RESPONSIBILITY
Member, Internship and Placement Committee
What should I do :(
I didn't get any acceptance for the winter internship(JAN-FEB), plus I want to pursue career in corporate preferably M&A or maybe something else. I'm very confused about what topics to explore what to do about all this I don't understand how to connect with people in this industry and I feel so unmotivated, everyone around me is bagging internships at either firms or under reputed AOR thru connections. Can Someone guide me a little, I feel very lost.
The fact is that you will only get help from alumni and senior counsels who are aligned with the TMC’s main opponents, ie Left and BJP. You will have to get political about who you approach — like it or not. Only the reds and saffronites will come to your aid, simple as that.
Along with AMS and KS, JG is also a regular for WB.
Btw, AMS gave a measly 1.5 cr from his MPLAD to NUJS when he got in with TMC support. Contrast that with his endowments to Jiggles. The less said about KS, the better. Barkha may still be willing to talk about it.
In fact, I am surprised that Sibal and Singhvi’s share is 1/3. I would have thought it would have been 50% (although Mamata did gift Singhvi a Rajya Sabha seat from Bengal).
The alleged reason shouldn't cheapen what was established. Instead, this should become the starting point to foster a culture of openness and curb our enthusiasm to create icons and gods
nlu me admission mil gaya matlab you are already ahead of the crowd. always remember - comparison kills the joy. stop comparing yourself with others
You too must.
The RBI in India also introduced the D-SIB framework in response to 2008 crisis.
We literally have banks and corporate holding companies that now cannot fail right here too.
Which is why Tata Sons is being forced to list forcing the ongoing boardroom battle.
There is also movie based on the same.
William Hurt as Hank Paul.
Its there on OTT.
Watch that to see from the other side too.
You can also look at this.
Panic: The Untold Story of the 2008 Financial Crisis - Top Documentary Films https://share.google/4vpfCQWRv5cpwWZqU
If you want the other extreme there is Roger Moores Capitalism: A Love Story.
I have been working for around a year now and have gained decent exposure to general corporate transactions. I initially started with a boutique law firm and am currently working at a consulting firm. However, I am keen on transitioning towards a more focused practice in M&A, Private Equity, and Venture Capital.
Despite consistent efforts, I haven’t been able to secure an opportunity in this field yet. I would be grateful if anyone could share any suitable openings or guidance on how to effectively make a shift into this area. I am open to working with boutique firms as long as the work primarily involves M&A, PE, and VC transactions, with the eventual goal of moving towards a Tier-1 firm.
Thanks