How will billing be calculated then? Based on billable hours? Targets for associates are around 1500 billable hours for a FY. 45 lakhs would be around 500 billable hours (9000 per hour charges) - which can increased to around 700-800 (even if around 30% hours are rationalised).

Everyone knows SAMCO announced promotion whereby 16 LPA is fixed and 4 LPA is variable for A0.

Does anyone have clarity on how the variable will be calculated?

Not sure if its computation will be based on 200% billing, like other associate levels - this would mean each has to bill 60 lacs (45 lacs since we joined in July 24) before 31st March.

while doing PhD from NLU especially NALSAR, do i need to stay at the university during whole duration of the PhD or can I come to practice in court after completing the coursework and just be in touch with guide regularly and don't go to NALSAR daily because I am practicing at delhi

Thanks for reply

Could you please tell Do I need to stay at the University during the PhD or it is allowed to just visit university occassionally and be in touch with guide about research progress. Actually I am practicing at Delhi and don't want to Stop that during PhD.

I am in exactly the same place as you. Taking the leap with a college friend. Your dreams are your dreams and they can never be real without aspirations. A lot of people have said a lot of things here but everyone who cracks it takes that gamble. Part of the process. We can perhaps connect too!

Hemant’s team is a great team to work with. They do some niche tech work but also do transactions. Given that the work is seasonal and internships at SAM are normally for 2 weeks, you may not get to do any tech work or may only get assigned tech work. Hemant himself is very nice and patient and speaks to everyone very politely. It seems like the team gets along as well as all of them have lunch together and seem friendly with each other. Not sure if they’re hiring but is they are it’s definitely worth a shot. Seen the associates spend a lot of time with Hemant and that’s great because it’s not very common especially at a tier 1. From what I understand, the pay at SAM Bangalore isn’t at power with the recently announced increased bands at SAM, Incase that’s a consideration for you.

What's there to not understand?

• TDS of 10% is deducted.

• You can claim the TDS deducted through ITR. The total TDS deducted - amount taxable will be returned to your bank account.

• Amount taxable is computed based on tax slab. Sec 44 ADA is applicable and tax is paid only on 50% of salary - professional tax

• Example: your salary is 12 LPA. TDS would be 10k every month. Total TDS deducted would be 1.2 lacs in FY. The amount taxable would be computed on 6 L (50% of income bcz professional tax). Let's say amount taxable is 15K. You'll be returned 1.05L (1.2L - 15k).

Hainn?? It's simple. They were supposed to pay you 12LPA, but they only pay you 11.8 LPA and the remaining 1.2 Lacs is submitted as your Income tax on that 12 LPA to Income Tax Dept on your behalf. When you file the ITR and if your payable tax is less than 1.2 LPA, you get refund, otherwise you pay the difference.

Say one's retainership fee is 1L/month or 12LPA - I understand that associates receive a 10% tax deducted retainership fee every month which they can claim back subject to the conditions of the presumptive tax regime. I just want to understand if law firms withhold 10% of your overall monthly retainership (i.e. 10% of 1L/month) or 10% of the taxable income (part of the 1L which will fall under the income tax slabs based on calculation of yearly income of 12LPA income).

I don’t think so that’s true, maybe you know about some one-off experience. Haven’t seen a single one around me. If you have interned at CAM, you would know about the procedure, doesn’t involve anything besides team reccs which are done via their preference towards you - based on your talent/work etc.

What do you also mean by “connects” here? Do you mean to say a Partner recommends’ someone for an Interview directly?

I am an in-house lawyer. I have always worked on the base drafts. Whenever I interact with law firm associates, I feel that at least their drafting skills are better than mine. Since I have a habit of working on the base drafts, it doesn't feel easy to draft something from scratch. How can one improve their drafting skills?

I agree with the previous comment, but I believe that the truth is that, until recently, law as a possible and lucrative career was accessible only to those with a predisposition to the field, such as children of lawyers, judges, etc. As many have pointed out before, the legal profession was traditionally dominated by trading and Brahmin communities. Bombay and Calcutta grew as major hubs of legal education, and as a result, many Bengalis, Marathis, and Gujaratis were traditionally seen as judges and prominent lawyers.

Legacy judges like the Chandrachuds, Justice Khanwilkar, and Justice Mudholkar—Marathi speaking judges dominated the Bombay High Court for a long time, closely followed by Gujaratis. Similarly, Bengali speaking judges dominated the Northern Circuit. Over time, with Kolkata's colonial legacy, a distinct class of lawyers emerged, a phenomenon that also occurred in hubs like Bombay.

Today, I see a significant number of Marwaris in law firms, which I believe is a result of the rising cost of legal education, making it accessible only to the privilege

Karma is a …..

https://www.businesstoday.in/world/us/story/hindenburgs-nate-anderson-under-scrutiny-for-sharing-report-with-hedge-fund-report-461340-2025-01-19

2024 batch is suffering, Medalist have tier 1 internships, still unemployed! Any vacancies anywhere, genuine help is needed. Just need to reach interview stage then I will crack. Please mention where to apply, ( Areas : Disputes & Litigation, M&A, White Collar Crime & Competition)

Totally different situation . NLS was started with the 5 Year Integrated Law Program while DU CLC was always the mecca for traditional 3 year L.L.B. degree . Over time , NLS has introduced a trimester 3 Year L.L.B. while DU CLC follows the semester system . DU BA LLB is also much different from NLS BA LLB , the number of electives , respect in Industry and Academia , early-mover or rather in case of NLS, First Mover Advantage . So we cannot draw any similarities with them whatsoever other than both of these institutions being a place for study of Law, and any attempt to suggest both are at par is at best laughable. DU BA LLB - Not worth it , better off doing BA(Hons.) from North Campus College of University of Delhi and then going for the classic 3 year LLB from CLC DU . If placements are the primary concern, then neither are desirable, placements in Law are very narrow and they take the cream ( At Tier 1 and some good to do Tier 2 NLUs ) but again if you're exceptional , you'll pretty much do good. So Good Luck but don't consider DU if you are keen on placements etc , however if you want BA LLB just for the degree and then appear for Judiciary and live around