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https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20080205-29
the good part about this is fixing this is also in your hands.
start interning now, or watch your parents' money burn as you switch to something entirely unrelated to what you did and invested in for five years. not like there's anything wrong about that, though.
Over the last year, (1) rejuvenation break has been revoked (2) public holidays have been basically slashed with literally no Diwali chutti this year, and now (3) WFH has also been completely revoked with MANAGEMENT TEAM permission required by the partners for availing WFH on any day for any reason, along with (4) cutting breakfast facilities etc.
With basically no infrastructural facilities (in fact, add power outages and a road being constructed in front of the office basically restricting all movement and causing massive traffic jams in which ppl need 20 mins to enter own office), and being one of the lowest paying T1 bands, what is SAM ON??
Considering the exodus of Partners and now employees, how long will they bank on the LALA name which is already sinking?
While humongous amounts of work and bad work times are not a new thing in this profession and does not come as jarring to anyone from the industry what distinguishes one law firm from the other is their work culture, albeit not the work hours but the flexibility given to the employees personal environment and ecosystem of the firm. SAM’s recent decision to follow other law firm and take back WFH completely is HORRIBLE considering the fact that Khaitan has still maintained the policy of allowing 2 days WFH per month along with menstruation leaves etc and Trilegal / CAM not having any such policy decisions.
I'm willing to accept we are almost T2 NLU now. Bhopal doesn't offer any exposure like Bangalore, Hyderabad, Delhi, Kolkata or heck even Gandhinagar now. When was the last time we saw foreign placements ? Also when are we getting rid of sir/ma'am culture ?
I see posts daily by NLS/NALSAR/NUJS people who will bash their college as if its some T3 Private institute and do it without hesitation but when someone amongst us raise voice, we tend to silence it.
It's high time we accept that we don't belong to the elite circle of NLS/NALSAR/NUJS/NLUD and GNLU/NLUJ have outperformed us. Time is not far when people will start choosing MNLUM/NLUO over us. Only by accepting can we grow and get back into the elite circle (if we ever belonged there).
Sreejith Santhakumari Gokuleswaranthampy (Sreejith) is also leaving after being offered the role of Founding Vice Chancellor at a newly established institution in Sikkim. Beyond the appeal of this new opportunity, his departure is heavily driven by significant professional discontent. Sreejith felt deeply alienated by Raj and the upper management, noting that he was treated like a subordinate rather than a peer. He openly expressed frustration regarding his removal as the Executive Dean of JGLS, both in terms of the decision itself and how it was handled. Furthermore, he found little substance in his subsequent appointment to a Dean position within the Office of the VC, viewing it as a role devoid of real authority or meaningful responsibility.
Keep doing it for a long period (years) with targets and soon you'll be out of this deadlock forever.
Still feels unfair.
2. NUJS
3. NLUD
4. NALSAR
5. NLIU
6. NLUJ
7. GNLU
Things aren't gloomy as it may look from outside. Unless you are comfortable with low salary, high politics and getting stuck at one place with low income your whole life. Your peers would be in a much better place then you in future and you would be regretting this decision of yours at least thrice a week. (atleast)
Me and some of my ex sebi batchmates realized this a bit later in life. Better to start in a law firm or inhouse role to secure a good future for yourself and your family.
All the best Kid !!
2. There are many books for IBPS Bank P.O. and SBI P.O. exams and you may study from them. Consider preparing for both generalist and legal officer exams for banks and SEBI.
3. There are coaching available like Edutap, Ixambee, etc. that assist in preparations through mock tests, etc.
4. There are youtube videos of successful candidates clearing these exams. You may listen to them to understand their preparation strategies.
5. Law graduates mostly struggle with non-law papers which may keep in mind and focus accordingly.
6. There are very high chances of jumping to BigLaw after 5 to 7 years of work experience in SEBI/RBI/SBI.
Preparation for banking/regulatory recruitment exams would require a lot of hard work and atleast 8 to 9 months of dedicated focus, so you may make up your mind first.
1. How to start preparing for it as I have more than 2 years to make my attempt? Also, would you recommend any coaching for it?
2. Realistically, how likely would it be for me to secure a law firm job after 2-3 years of service if I want to?
3. Is there any other exam you would've attempted if you had 2 years to map your career path?
4. Where should I apply for internships, considering I have no exposure to Company and Securities law?
5. What would you suggest me to do in case there are no vacancies for the year 2028?
6. I can potentially get data privacy certification and be placed if I try, is the pivot worth the risk in your professional opinion?
I don't expect anyone to have all the answers, but any insight would be greatly appreciated. Thanks in advance!
Also read the comments on the same and does it seem like an official inclination of the firms towards mass AI usage than relying on the associates in there or aspiring associates?
https://economictimes.com/magazines/panache/rs-2-lakh-monthly-salary-doesnt-make-you-rich-warns-bengaluru-ca-heres-why/amp_articleshow/132061011.cms
join your delhi firm if delhi is where you want to be
What is the point of being in mumbai for some extra bucks? in a city you didn't want to be to earn money you didn't want, what would you even be doing that for then?
While it isn't located in a very desirable location, can it be reasonable to expect to get into good internships during vacations and sem breaks?
Don’t want to be stuck on teams doing arbitration
did my llb and then masters in policy. any insights would be really helpful. thanks!
I'm from a middle class family and most probably won't have to take a loan. But it's still a huge investment for my family. I'm also a first generation lawyer. Most people are saying that it's not worth the fees. But why?
Please give your honest opinion. I'm really confused, so PLEASE HELP 🙏
2. Wadia Ghandy & Co
3. Wadia Ghandy & Co.
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Others
1. There is no more cheap money. As the reserve banks raise interest rates a lot of reserve banks follow suit. With Inflation targetting, rate increases into the future is also baked in. Many lawyers here have only seen the era of cheap money. The era cheap money began from 2008 and somebody had to finally bite the bullet. India was a beneficiary of cheap money.
2. India is not an FII destination during the AI boom build out. All FII chasing returns are there investing and finding deals in AI. So not many stock deals either. Speculative fast money spent a lot of time in emerging market in the decade before, not anymore in this geopolitical environment. That money is going home - for some time too.
3. Even FDI for India is net negative with more outbound transaction with indian conglomerates investing more abroad for markets abroad. India conglomerates within its business families continue to run safe margin based businesses and not risk based business - there is no appetite for risk, be it R&D spend or aggresive expansion. Good sectors with potential like pharma continue to remain bleak too. Sun pharma went for its biggest acquisition abroad.
4. As the Rupee depreciates everything technically is cheaper for someone entering India but one sees India loves to protect its champions. Look what Tesla or BYD faces. Protectionism in the right places remains rampant in India and its alive to the point where genuine foreign interest in India has died. Minimal investments from foreign companies and many exits.
5. Indian manufacturing had a false start post covid in the 1+1 era. China managed to keep the +1 within ASEAN countries. India's hostility with China ensured this as we faced strict rare earth ban. Chinese supply chain controlled ruined an Indian rise in manufacturing. I dont know if the governement Press Note 3 was also a great idea as China knows how to hurt us more. Many chinese companies were hit with tax and fema violations that reeked of blowback. Not a good look. You always want predictability.
6. The geopolitical sceranio in the Trump 2nd term has been disastrous for a staid India. India faces a perpetual energy crisis, India lost access to Russian oil briefly which was a hedge in more ways than one. All of this means Indian consumption especially rural is down. India has handled Trump poorly hands down. I dont think anyone else would have done better - but that has definietely pushed to the back of the line in many things.
7. On top of that India is staring the bad end of a trade deal. A trade which we know is coming but India like fools didnt make a deal early and hung it out so late - it committed right before a court in the US ruled it all out being outside of Trumps powers, meaning sign up to any deal has no real value. This trade limbo has meant many bad consequences. A Ford re-entry died. It also means India agri wont have much time left to be subsidized.
8. India's genuine moat - IT sector - is slowing as the python of AI strangled before swallowing. Indian IT is the sole reason India didnt have the issues facing Sri Lanka, Pakistan or Nepal. Indian IT helps India keep its neck above water with balance of payments issues. This is going to be the biggest issue down the road. A lot of Indian middle class rose from this sector. This sector is struggling. A switch to more AI on foreign LLMs means the wage advantage is lost, as companies spend forex paying for tokens. The GCC play is not going to replace this moat either.
9. Even big projects have started to slowdown. The recent news that India is not going to buy Japanese trains for its HSR lines is actually a story about the govt straining its budget but has been shared with media as some sort of great indigenizarition measure. There is a genuine drawdown in terms of grandiose projects, because we dont have room on our balance sheet as our fiscal gap widens from the target.
10. The taxation policy remains punitive with state capacity means money is squandered. Tax admininstration remains poor, while direct and indirect collection has gone India's complexity index remains high. On the ground GST is a disaster worse than the government lets on - it is a genuine pain to get input credits back making it worse than the old excise and VAT regime.
11. India reforms have slowed down. Between IBC, GST and slow water down DPDP, a lot of novel legal work has already been squeezed out. IBC pushed restructuring work - that pipeline is slowing down as the NPA's have been cured. This has helped banks, but Indian banks wont get into another funding frenzy anytime soon.
12. The immigration pipeline out of India is also breaking apart in the face global anti immigration wave. How does this impact M&A? As companies are forced to become efficient wage efficiency is still deprioritized. They rather invest into AI/ Robots. This means offshoring to India is down. Look at a company like Honeywell which is downsizing and moving plants back to the developed world. Reversing offshoring kills many possible deals involving small and medium sized Indian companies who would have been offshoring targets or its suppliers.
All in all that is a dozen reasons - these many cuts - slow our economy down. The government and opposition should be shouting from the rafters about it. Instead our government is focussed on breaking opposition parties for a re-run at the delimitation amendment project to secure its reign for the next few decades. All of this means deal pipeline for M&A becomes a trickle.