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Increments are 5-10K max, that too only if you perform exceptionally well.
You know what? You people - the so-called "idealists" - are all the same! Always blaming everyone else but yourselves for problems, always trying to deny that the consequences of your choices and actions can still impact 20 years down the line! If you aren't wealthy enough, that's because there are people with stinkingly high levels of wealth. What is so hard in pulling up your bootstraps and doing whatever it takes to get to that level? Because that is exactly what people like you will do in 20 years' time. When OP's social circle will be sending their kids to swanky schools and will have the financial standing to ensure that they get exclusive and swanky higher education opportunities (many outside the country) - exclusive because they require (i) solid brains from the kids; and (ii) plenty of the right stuff as well (with limited options to access it if not available) - you will dismiss the life achievements of such people as "privilege". What's the problem in making some life sacrifices? In just grunt-working at a T1 job for 20 hours a day, so that your kid might be able to follow her calling? Your kid will be privileged enough to make most of her talents to follow her calling. For all you know, she may want to become a historian in LSE, but the educational opportunities required to get there with even small degree of smoothness require her to show her brains are the best as well as she has money in her pocket. Will she thank you for randomly "following" some whim in your 20's? No she won't! At best, she will grin, grit her teeth and try for those limited options for funding to access those opportunities at postgrad level; at worst, she might do that and curse you in her adult life. Stop thinking only about yourself and think about others, too. There is plenty of time - so much that it drags - to follow whims in later life, if you have money, then that will just be so easy. Don't waste what time you have now!
+ Bonus.
I got the same mail for the exam.
Even I am not aware of the syllabus if you get any syllabus, kindly help.
Can someone tell me the pay structure and culture of the firm.
Thanks in advance!
1. How did you prepare for exam? Self study or coaching ?
2. If coaching then which coaching did you join?
3. Any resources for judgment writing and essay? Or are bare acts enough?
4. Please share your interview experience. Which questions were asked?
5. Lastly how's life after clearing the exam?
What people can tell you generally is that getting a good GPA- in the top third of your class from a top university means you will be able to land a job at a big law firm just because of that.
If you don't have either of those things- a top GPA or a top universityβyou will have to work significantly harder. It's unlikely that large firms looking to hire a bunch of people based on short interviews will trust you have the skills because you don't have the GPA or the university. They have no reason to believe that you can do the work. You can try and assure them in the interview, but every single student with a low GPA believes it doesn't reflect their true qualities and will make the same argument.
Your best bet, if you don't have a top GPA or a top university, is to choose one mid-sized firm or litigator and intern with them multiple times for a long period of time. Build trust with them so they will prefer to hire someone they know, someone they know can do the work, than a stranger with a decent gpa. Its going to be hard. Many places will let you intern endlessly without even discussing your career. You should take the initiative to be direct. Ask them pointed questions and refuse to let them get away with evading an answer. Do it in a way that is professional and not entitled.
Instead of repeatedly asking strangers on internet to assure you about insecurities- just think about what an employer would want from an employee, and then try to become that.
If you want to improve your interview skills, watch a few mock interviews on YouTube, that might help. There are multiple mock interview rounds of UPSC toppers on YT.
My team is okay. Work is a Lil dull. Compliance, secretarial, memos, advice, less exposure on the transaction side. Tbh I prefer shanti in life which I am getting but I am afraid I will lose out on the learning.
Look at the attrition of ICUL should say enough, Indus clears imo.
I am a final-year law student at a private university (which I would rather not describe). Unfortunately, we have no placement support at all. I have completed a few internships at T2 and T1 law firms, primarily in General Corporate and Capital Markets. I have accumulated 3-4 months of solid experience in Capital Markets at a T1 firm. Additionally, I have a strong foundation in M&A and PE/VC, as I am pursuing a diploma in these areas.
Despite having a good rank in my batch, I am experiencing significant anxiety because I am struggling to secure assessment internships, whether at T1, T2, or boutique law firms. I am determined to keep my focus in M&A, PE/VC or Capital Markets.
I would be deeply grateful for any guidance on how to proceed and what my approach should be if I am unable to crack any opportunities. Also what boutique firms I can target so that I am able to gather some skills.
Thank you in advance for showing me a path forward.
If anyone has faced similar issues and now working in a good firm please guide me.
Also, is TMT legal a good firm to start, and if yes which team?
And is there scope for me to build connections and further secure upcoming internships??
Would be really grateful to all those who could provide their insights, especially from the perspective of a mid level A3/A4 in the disputes team.
Thank you!!!
- they have a pool system there for interns, i.e. you are not assigned teams. 4th/5th year interns did get assigned teams a week in, but most of them did not get their first preference and were sent to disputes.
- you need to go to associates desks multiple times daily to ask for work, you can try mailing too, it works sometimes. try within the first week to build a rapport with the associates in the team you want to intern with, they will call you for work themselves once they're able to trust you. phoenix takes ALOT of interns so its important that you have 1-2 associates who regularly assign you work. makes life easy.
- there is very limited contact with partners. some junior partners did interact with the interns tho. if you are going to the internship through a partner, you can ask the HR to meet them.
- if you are interested in getting an assessment (4-5th year), you can ask the hr towards the end of the internship. she will ask the team you worked with and according to their review you be considered. when i was at the firm only one assessment intern got an offer out of 4-5 people.
i barely worked with gen corp and there are some young associates there who most interns had negative experiences with some of the younger associates. b&f and disputes team are really good tho.
1. You mentioned you've been at a T-1 firm for 6 months, I'd suggest you stay for at least 6 more months (if not more, if that works from your UPSC age limit perspective), rounding your work experience out to a year (if not more). If UPSC doesn't work out and you want to get back into private corporate practice (firms or in-house), the more law firm experience you have, the more desirable you will be as a candidate for both firms and in-house roles.
2. For the remaining duration that you choose to stay in your T-1 role, I'd advise against trying to prep simultaneously. In my experience, multi-tasking is a myth and humans do better when they are concentrating on one thing at a time. Instead, focus on doing a good job at work, build a network to the extent you can (don't stop staying in touch with your network during civils prep either), and save whatever you can - ensuring respectively that when you leave, you will have some goodwill that can help you land opportunities if UPSC doesn't work out, including a return to the same team if that is what you want + providing you a financial cushion.
3. Set an outer limit for the number of unsuccessful civils attempts you will allow yourself, so you know when it's time to activate your backup plans.
4. Also assess how easy it was for you to land your T-1 job. The sad but brutal truth is that at least for folks who pivot to law firms after unsuccessful civils attempts, it's easier for candidates from more established colleges to get a foot in the door (at least an interview, trainee associate position etc.) than others. For e.g., my post UPSC prep hires (with several years of prep) were from well-ranked NLUs.
5. Accept that should you choose to return to private practice, there will be a hit to your PQE as nothing but work experience will be counted towards that.
Good luck with whatever you choose!