Khaitan & Co first to announce fresher salary hike to Rs 13.2 lakh + 2 bonus

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Wednesday, 23 April 2014 By Legally India Law firms

Khaitan & Co has increased fresher salaries to Rs 15.2 lakh per annum, including bonus, effective from 1 April as part of its annual pay hike.

The salary applicable to freshers joining Khaitan July 2014 onward is now Rs 1.1 lakh per month (Rs 13.2 lakh per year) and a bonus component of up to Rs 2 lakh this year.

This has increased from last year’s figure of Rs 1 lakh per month with a bonus component of Rs 1.75 lakh.

A member of Khaitan’s management explained: “Every year there is a hike. Every hike is discussed in the executive committee. If we miss out on the hike for a particular batch they won’t be excited to join us. So it is year-on-year.”

“There is no differential between any institution. People are hired as partners, this is what we say on campus. That the associates are our future, our potential partners. Everybody is hired through the same recruitment process comprising of a [group discussion], questionnaire and personal interviews by a panel that nationally recruits people. So ultimately we cannot create a differential in competence,” he commented.

The last big fresher salary leap that Khaitan made was for the batch joining in 2011, from Rs 7.2 lakh and Rs 8.5 lakh to Rs 10.8 lakh.

It is understood that Amarchand Mangaldas, AZB & Partners and Luthra & Luthra have not disclosed their fresher salaries to recent recruits. Legally India had last reported that Big Six firms had hiked their packages in 2010, to Rs 11.4 lakh base per year in the case of AZB, and salaries of around Rs 10.5 lakh per year for the other largest firms.

J Sagar Associates (JSA) increased its fresher pay to Rs 10.5 lakh per year in 2012.

Last year Lakshmikumaran & Sridharan (LKS) had increased its fresher base pay after three years from Rs 4.8 lakh to Rs 7.2 lakh per annum.

To compare salaries, check Legally India’s salary table (to be updated)

salaries Khaitan & Co campus recruitment

Comments

aa 23 Apr 2014, 14:26

+21 -14

Kudos to Khaitan. Very positive step towards more transparency in associate salaries. Hope this will force other firms to follow especially the bigger ones which typically tend to be more smug.

Ideally all firms should be disclosing indicative salaries at all levels.

P.S. - I do not and have never in the past worked for Khaitan.

Guest 23 Apr 2014, 18:16

+28 -45

[quote name="aa"]Kudos to Khaitan. Very positive step towards more transparency in associate salaries. Hope this will force other firms to follow especially the bigger ones which typically tend to be more smug.

Ideally all firms should be disclosing indicative salaries at all levels.

P.S. - I do not and have never in the past worked for Khaitan.[/quote]

No amount of salary hikes will persuade to remain in KCO as a firm of first choice so long as alternatives like AMSS, AZB, JSA and Trilegal exist. Almost all of the middle-to-senior lawyers at KCO jumped ship from the better firms and its never a good forecast when people choose you only for the size of the paycheck.

On the ground in law schools, the mood was and continues to be a first preference for AMSS, AZB, JSA and Trilegal. Only rejects and failures end up in KCO

NLS 23 Apr 2014, 19:53

+22 -14

You clearly have no clue as to what is happening on the ground at law schools where people are preferring Khaitan over all the other firms you've mentioned because of their transparency and work culture. You clearly haven't worked in Khaitan, so how would you know?
Also, there is something egregious about law firms that are not willing to disclose even fresher salaries.
Also when did it become wrong to go to a firm that values your efforts more? Considering all of them sweatshops that extract everything from you.

Guest 23 Apr 2014, 20:51

+18 -21

[quote name="NLS"]You clearly have no clue as to what is happening on the ground at law schools where people are preferring Khaitan over all the other firms you've mentioned because of their transparency and work culture. You clearly haven't worked in Khaitan, so how would you know?
Also, there is something egregious about law firms that are not willing to disclose even fresher salaries.
Also when did it become wrong to go to a firm that values your efforts more? Considering all of them sweatshops that extract everything from you.[/quote]

I agree with you that all firms are sweatshops. But you must become more mature than believing and then parroting this drivel about any firm wanting to "value your effort" more. None of them do, least of all KCO with its marwari promoters.

Anyways all law students who aspire to corporate firms in India whether at NLS (as you claim to be) or elsewhere want to be at the four firms I mentioned - AMSS, AZB, JSA or Trilegal. I have not worked at KCO but I know from months if not years of late night chats and day zero talks with my batchmates and seniors that none of us or them wanted to go to KCO by default. Nobody honestly wants to be at KCO out of choice. sure, if they get rejected at AMSS and JSA, KCO is a ok third or fourth choice and they can justify this decision much like your post but wake up, KCO has never been and is unlikely to ever be anyone's first choice. Nothing to be ashamed of I guess, cos not everybody gets their first choice. I mean all those kids in NLUJ and NLIUB are proof of that, right.

Helios 23 Apr 2014, 22:37

+14 -14

My friend, you don't seem to have the pulse of on-goins at NLS campus.

Khaitan was not regarded an equivalent to Amarchand or AZB couple of years back. Things are changing fast. It's name is picking up and so is the distinction with other top firms. For that matter, Khaitan has come out from nowhere in last 5-7 years.

Even Cyril Shroff discussed Khaitan as a real long term strong competitor couple of years back in Bombay HR Roll Out. So you clearly are not up-to-date.

[quote name="Guest"][quote name="NLS"]You clearly have no clue as to what is happening on the ground at law schools where people are preferring Khaitan over all the other firms you've mentioned because of their transparency and work culture. You clearly haven't worked in Khaitan, so how would you know?
Also, there is something egregious about law firms that are not willing to disclose even fresher salaries.
Also when did it become wrong to go to a firm that values your efforts more? Considering all of them sweatshops that extract everything from you.[/quote]

I agree with you that all firms are sweatshops. But you must become more mature than believing and then parroting this drivel about any firm wanting to "value your effort" more. None of them do, least of all KCO with its marwari promoters.

Anyways all law students who aspire to corporate firms in India whether at NLS (as you claim to be) or elsewhere want to be at the four firms I mentioned - AMSS, AZB, JSA or Trilegal. I have not worked at KCO but I know from months if not years of late night chats and day zero talks with my batchmates and seniors that none of us or them wanted to go to KCO by default. Nobody honestly wants to be at KCO out of choice. sure, if they get rejected at AMSS and JSA, KCO is a ok third or fourth choice and they can justify this decision much like your post but wake up, KCO has never been and is unlikely to ever be anyone's first choice. Nothing to be ashamed of I guess, cos not everybody gets their first choice. I mean all those kids in NLUJ and NLIUB are proof of that, right.[/quote]

^ Guest 24 Apr 2014, 06:48

+12 -9

If you could look at the recruitment figures of this years day zero. There are a number of people who dropped firms such as AMSS and AZB for Khaitan. These people were toppers who could have easily gotten any firm of their choice.

While two years ago Khaitan was not really at the top, it is fast becoming one of the most preferred destination for Law schoolites.

Law school-ite 24 Apr 2014, 08:43

+39 -9

Trilegal - are you crazy??? Only the bottom rankers at our law school go there.

Bottom Ranker 25 Apr 2014, 02:07

+22 -3

What makes you feel that those within the top ranks are the smartest? They just know how to mug up case laws and suck up to teachers. Unfortunately, CGPA is not a determinant of one's intelligence.

Associate 25 Apr 2014, 10:56

+7 -2

[quote name="Law school-ite"]Trilegal - are you crazy??? Only the bottom rankers at our law school go there.[/quote]

In my school, the "sweetest" people join Trilegal.

NLS Student 27 Apr 2014, 16:56

+1 -2

Agreed. Must stay the Trilegal guys (and the interviewers) were the sweetest bunch around :)

@ Kian 24 Apr 2014, 05:03

+1 -0

What is your "Big Six"? By salary, by turnover, or by number of lawyers?

kianganz 24 Apr 2014, 05:11

+7 -6

Size mostly, full service capability and starting salaries. And a bit of league tables too - they have to be Tier 1ish at least in some practice areas...

Amss, Luthra, JSA, Trilegal, Azb, Trilegal.

If S&R was bigger it'd probably be big six too.

Helios 24 Apr 2014, 06:20

+1 -0

Kian, so as per you, Khaitan is not one of even one of the Big 6 or whatever. What is it? 20th or something?

[quote name="kianganz"]Size mostly, full service capability and starting salaries. And a bit of league tables too - they have to be Tier 1ish at least in some practice areas...

Amss, Luthra, JSA, Trilegal, Azb, Trilegal.

If S&R was bigger it'd probably be big six too.[/quote]

NUJS Baba 24 Apr 2014, 06:25

+1 -1

Sirji you mentioned Trilegal Twice. Surely Khaitan has a mention under your these criterias.

kianganz 24 Apr 2014, 06:52

+2 -1

Thanks, mobile phone type, apologies! Replace one Trilegal with one KhaiCo.

Dude 24 Apr 2014, 07:02

+0 -0

Trilegal twice?

Scooters-S 24 Apr 2014, 12:15

+3 -2

still including Luthra?

2 cents 25 Apr 2014, 07:32

+4 -0

I am not sure how size is really material, because Fox Mandal Little was ([i]maybe still is?[/i]) one of the largest firms in the market and Luthra / Khaitan / Trilegal are Tier 1 in only one or two practice areas. Full service capability is largely a myth in this market given that tax and/or IP capability are/is often non-existent, not to mention that dispute resolution is often a “step child” adopted for image (insurance and real estate do not even feature on the list of most firms). I am not sure why size should “mostly” (i.e. by weightage) matter, notwithstanding that some of the Big 6 score average marks on your other criteria.

XYZ 23 Apr 2014, 14:40

+17 -4

This is truly making your employees partners not only in work, but also in profit sharing. If firms like Luthra and AMSS would have done the same and made junior level employees feel to be a part of firm in all respect, probably the attrition could have been checked. Bad work hours is a story shared by law firms across the globe, the only thing that can keep employees happy is the right compensation to keep employees motivated.

Scooty 23 Apr 2014, 15:17

+0 -1

Kian
When are you going to publish the AMSS Delhi promotion list?

kianganz 23 Apr 2014, 15:20

+0 -2

Anyone want to share please? Anonymously!

UK 23 Apr 2014, 19:04

+1 -2

My sources tell me that AMSS delhi as usual has not announced promotions as yet.

Guest 23 Apr 2014, 20:37

+10 -3

[quote name="UK"]My sources tell me that AMSS delhi as usual has not announced promotions as yet.[/quote]

Thats right. AMSS Delhi as a matter of policy announces their promotions (provided that they decide to) in the middle of the FY. However, from what I have been told they have been incurring huge losses and they might not announce promotions (except Partner and PA Promotions) at all. Downsizing is also expected. Guys with me hang on, its going to be a bumpy ride for us poor souls ;)

Guest 23 Apr 2014, 15:25

+4 -1

Finally someone increases their pay!!

Guest 23 Apr 2014, 15:29

+6 -0

KCo apparently has some sort of rotation period now - how long does that last and is this salary of 13.2 constant for that period (Assuming the period is more than 1 year, as it is in AMSS)? Could someone clarify?

Guest 23 Apr 2014, 17:55

+4 -1

Khaitan has an 18 month rotation policy only in the Bombay office with 6 months each in three practice areas. Lit and Corp are compulsory while the third is allotted or chosen. The salary will be constant during that time.

Ah... 24 Apr 2014, 07:03

+6 -0

So the 13.2 is the annual figure which does not rise when an associate enters his or her second years. Unlike at other firms where salary increases after the end of the first year. Very sneaky, if true.

Kian, any idea if true?

Anon 24 Apr 2014, 14:15

+3 -2

Boss, the salaries get revised every year in April. Happy? Nothing sneaky.

Ah... 25 Apr 2014, 07:01

+2 -0

That makes sense and I hope that is true.

Prachishrivastava 25 Apr 2014, 07:49

+2 -0

Hi,

Thank you for your comment.

The firm has confirmed that annual revision in salaries happens, bssed on performance, irrespective of the phase of rotation an associate is in.

Best wishes,
Prachi

trident 23 Apr 2014, 15:57

+6 -1

Kudos to Khaitan.
I wonder what the Associates are paid who have put in 3-4yrs at the firm.
And does this also include the Litigation/Dispute Resolution team?

On one hand we have Khaitan offering 13.2lakhs per annum & then there is Crawford Bayley where freshers are paid 25k per month!!!!!!!

Prachishrivastava 24 Apr 2014, 04:10

+2 -2

Yes, from what I was told by the firm there is no differential either between practice areas or between law schools.

Best wishes,
Prachi

Scooty 24 Apr 2014, 05:42

+3 -0

Do you mean that they pay the same starting salary across Delhi. Bombay, Calcutta? I doubt so

Anon 24 Apr 2014, 14:16

+1 -3

They do.

lolzies 24 Apr 2014, 17:20

+2 -0

Seriously ?

nope 24 Apr 2014, 21:26

+2 -0

No they do not!! You are surely not from Khaitan..or masking the reality!! They yet pay recruits from Bombay very low.. BTW ..I am from a Khaitan loved NLU.. I know the difference.. The statement of same pay is not true in terms of college.. Also delhi and others are paid much much lower than Bombay

Update 25 Apr 2014, 04:00

+1 -3

You are not updated my friend for few years now.

[quote name="nope"]No they do not!! You are surely not from Khaitan..or masking the reality!! They yet pay recruits from Bombay very low.. BTW ..I am from a Khaitan loved NLU.. I know the difference.. The statement of same pay is not true in terms of college.. Also delhi and others are paid much much lower than Bombay[/quote]

Modi 24 Apr 2014, 06:01

+6 -0

Wait till May 16. All fresher's will be paid at par with Khaitan. Election manifesto. Abki Bar Modi Sarkar.

Associate 24 Apr 2014, 06:04

+11 -0

Kian, kindly do a fresh research on salary of each and ever firm and publish it on LI. Your early action in this regard will be highly appreciated by Legal Fraternity.

Dude 24 Apr 2014, 07:03

+0 -0

Yes a yearly update on this will be useful

Fresher 23 Apr 2014, 16:25

+17 -4

Khaitan & Co. is not setting market standards, and not the family-run firm that has unilaterally declared itself to be the best in India. This is not the only instance. Khaitan has yet again shown the way forward by not discriminating against candidates on the basis of the college they belong to, as opposed to the big-brother firm that rejects deserving candidates left, right and center on the ground that they don't belong to a good enough college. To hell with you, and to hell with your system.

Guest 23 Apr 2014, 16:49

+0 -0

Kian:

Any story on what JSA and AMSS is paying freshers ??

bear hugs 23 Apr 2014, 16:56

+20 -6

Khaitan has a bad record of not confirming probation periods, even of decent people from decent law schools. So this number is illusory they will make up for it by not confirming a few associates' probation. It has the worst HRpolicies- this is based on direct sources ie national law school associates who were hired then not confirmed on flimsy grounds including not being social.

Jerry Espenson 24 Apr 2014, 05:15

+15 -4

Khaitan fired young associates for [b]not being social[/b]? Sounds like the partners there think like the ones at CP&S in Boston Legal.

Scooters-S 24 Apr 2014, 14:44

+0 -1

cluck cluck cluck cluk

KCO Insider 29 Apr 2014, 07:01

+3 -0

Yes, I can confirm this to be true. There is definitely such a trend.

trilegal 23 Apr 2014, 17:38

+2 -5

What's up with the trilegal fresher salaries? They are supposed to be the highest amongst the big 6

AZB 24 Apr 2014, 15:15

+3 -4

No.

S&R 25 Apr 2014, 07:36

+1 -3

No.

Doubt 23 Apr 2014, 18:02

+0 -0

I have a doubt, unconnected to the topic. I incidentally google searched to find out what the structure of these law firms are and noticed something weird. Quite a few firms (eg - luthra and amarchand) have more than 20 partners. Isn't there a 20 max cap on the number of partners in a traditional partnership? Or is that they have multi-tiered structures / LLP?

Guest 23 Apr 2014, 18:24

+0 -1

[quote name="Doubt"]I have a doubt, unconnected to the topic. I incidentally google searched to find out what the structure of these law firms are and noticed something weird. Quite a few firms (eg - luthra and amarchand) have more than 20 partners. Isn't there a 20 max cap on the number of partners in a traditional partnership? Or is that they have multi-tiered structures / LLP?[/quote]

Multiple legal partnerships. One firm might be Amarchand Mangaldas and the other might be Amarchand Mangaldass with a double 's'. They have profit sharing and loyalty arrangements to ensure each one earns revenue. Thats the only way to get around the Partnership Act restriction and a better option that KCO and other firms that designate a lawyer as an Ass. Partner who is no different from and Associate in the sense he/she is not legally a partner.

Guest 23 Apr 2014, 20:39

+1 -0

[quote name="Guest"][quote name="Doubt"]I have a doubt, unconnected to the topic. I incidentally google searched to find out what the structure of these law firms are and noticed something weird. Quite a few firms (eg - luthra and amarchand) have more than 20 partners. Isn't there a 20 max cap on the number of partners in a traditional partnership? Or is that they have multi-tiered structures / LLP?[/quote]

Multiple legal partnerships. One firm might be Amarchand Mangaldas and the other might be Amarchand Mangaldass with a double 's'. They have profit sharing and loyalty arrangements to ensure each one earns revenue. Thats the only way to get around the Partnership Act restriction and a better option that KCO and other firms that designate a lawyer as an Ass. Partner who is no different from and Associate in the sense he/she is not legally a partner.[/quote]

Are you sure that there is a discrepancy in the spellings between the two offices? I beg to differ.

Guest 23 Apr 2014, 21:35

+1 -0

They use one partnership brand name with one spelling. No legal bar to that. The other "dummy" firms are not used for letterhead or representation purposes. They exist only to accommodate lawyers as partners.

Apollo 23 Apr 2014, 22:27

+0 -1

You are kidding me. Khaitan has an all equity model with almost 70 equity partners and 7-8 Associate Partners.

[quote name="Guest"][quote name="Doubt"]I have a doubt, unconnected to the topic. I incidentally google searched to find out what the structure of these law firms are and noticed something weird. Quite a few firms (eg - luthra and amarchand) have more than 20 partners. Isn't there a 20 max cap on the number of partners in a traditional partnership? Or is that they have multi-tiered structures / LLP?[/quote]

Multiple legal partnerships. One firm might be Amarchand Mangaldas and the other might be Amarchand Mangaldass with a double 's'. They have profit sharing and loyalty arrangements to ensure each one earns revenue. Thats the only way to get around the Partnership Act restriction and a better option that KCO and other firms that designate a lawyer as an Ass. Partner who is no different from and Associate in the sense he/she is not legally a partner.[/quote]

Scooters-S 24 Apr 2014, 12:21

+3 -0

You are clearly not too good at structuring, are you?

smartass 25 Apr 2014, 09:36

+0 -0

hey your right you cannot have more than 20 partners...but that is only for equity partners.. in firms where they claim they have more than 20 partners they salaried+equity partners; however you will notice that in these firms the number of equity partners is restricted to less than 20 (if im correcto)

XYZ 23 Apr 2014, 18:56

+0 -0

that's probably because the number of equity partners remains below 20, and rest get the designation of 'salaried partner'.So, for the purpose of sharing the equity, you have nor even 10 partners in each of these firms.

Guest 23 Apr 2014, 19:03

+0 -0

There are multiple partnerships. Only KCO has turned into an LLP although the Bombay office is still a partnership.

Anno Domini 23 Apr 2014, 19:44

+1 -1

It's because of multi-tiered partnership structure.

Clarity 24 Apr 2014, 05:18

+4 -0

The correct answer is that "Partner" is only a designation and not every partner has equity or their name on the partnership deed. They only draw a retainer. It is certainly not a case of "multiple partnerships" as Guest suggests.

kianganz 24 Apr 2014, 05:26

+4 -0

I think the correct answer is both, or it depends...

JSA has one partnership, with 20 equity and a handful of equity elect and a few salaried. Here's a more detailed explanation:
http://www.legallyindia.com/201206212904/Law-firms/aashit-shah-becomes-jsas-23rd-one-firm-equity-partner-awaits-monsoon-companies-bill-1-german-retained-partner

Amss has 3 partnerships, if I recall correctly, luthra 3 (corp, tax and kit), AZB at least 2 (Delhi Mumbai).

Of course, many partners don't necessarily sign up to the deed or partnership because they basically earn a salary (eg Luthra)

Would welcome details or corrections on this, it's an interesting topic.

Boss 24 Apr 2014, 07:13

+6 -0

It is a very interesting topic and any further light you can shed on the opaque working culture of firms in India would be good.

One further point of detail. It is worth asking what a junior equity partner actually receives. I understand that this can be a mix of salary and equity and the equity percentage can be very low.

guest 25 Apr 2014, 09:24

+0 -0

luthra probably has five partnerships-lit, tax ip, corp-delhi and corp mumbai.

Locked In Folks 23 Apr 2014, 21:12

+21 -1

From what I know & am told from reliable sources is that the fresher retainer fee also comes with a lock in period of 2 years. Also, some monies will be held back to be paid post lock in completion only !!!!

Read the fine print mates.

Host 23 Apr 2014, 22:24

+3 -3

Not at Khaitan. You must be talking about Luthra or NDA.

Ah... 24 Apr 2014, 07:14

+0 -1

Any way of getting this confirmed or clarified?

Locked In Folks 24 Apr 2014, 10:26

+7 -0

At Khaitan ONLY, started effective this year. Got it !!!!

@ Kian 25 Apr 2014, 07:38

+0 -0

Kian, is this lock-in and withholding rumour true? Can you find out please?

Prachishrivastava 25 Apr 2014, 07:47

+4 -0

Hi,

Thank you for your comment.

Someone senior at the firm unequivocally denied there was any lock-in period at the firm, so probably not true.

Best wishes,
Prachi

@ Prachi 25 Apr 2014, 08:33

+0 -0

Thanks. So no withholding either, I guess.

Prachishrivastava 25 Apr 2014, 10:12

+2 -0

You mean withholding the salary? Yes, no withholding either then.

Name or alias 25 Apr 2014, 09:22

+0 -0

Hey prachi,

could you find out if and how much the pay scales of other Khaitan offices differ from the Bombay office in he context of the fresher revisions ?

Anon 1 May 2014, 17:00

+0 -0

Can you get an official confirmation ? I am told by a KhaiCo insider of a 3 year withholding.

Anon 1 May 2014, 16:59

+0 -0

I am told 3 year withholding.

Jurisprudence 24 Apr 2014, 04:49

+3 -5

Now this is setting new standards. This firm is on a roll! Kudos to KCO. I also heard about their bonus pay - outs. At A-2 level, its more than twice the amount than that paid by my so called top tier firm. Hope other managing partners wake up and smell the coffee.

Guest 24 Apr 2014, 10:43

+3 -6

I know someone who got hired at KCO at mid level last year. He got an awesome bonus and a great salary hike for last year, much more than expected. I don't work at KCO and don't have any agenda, but just sharing a good story I know.

Bitter Truth 24 Apr 2014, 06:29

+7 -8

We all know the decline of KCO in the recent times. Hope the marwaris give even a better carrot to make the firm survive, especially amongst the mosters such as AMSS, JSA etc.

Guest 28 Apr 2014, 06:48

+3 -1

[quote name="Bitter Truth"]We all know the decline of KCO in the recent times. Hope the marwaris give even a better carrot to make the firm survive, especially amongst the mosters such as AMSS, JSA etc.[/quote]

What decline are you talking about? Care to share? I work at Khaitan and I can tell you that there's plenty of good work, excellent salary hike and phenomenal bonus figures. If this is what you mean by 'decline', then I hope this continues!

Vunderbar! 24 Apr 2014, 07:26

+0 -0

Is this pay scale applicable to the Delhi/Bangalore offices ?

Bangalore Subba 24 Apr 2014, 11:51

+3 -0

Kian,all the major firms seem to be having a focus on establishing a practice down south. Amarchand, AZB, JSA, Trilegal, Luthra, ELP..all of them are expanding southwards. A study on the salary structure at fresher and lateral (2-3 and 5-6 PQE) levels across firms in Bangalore and across different offices of the same firm would be an interesting read.

ruby 24 Apr 2014, 09:18

+1 -0

What about latetal saleries. Say one with 12yrs pqe and quslified aor

Topaz 25 Apr 2014, 07:47

+2 -0

Nothing. With 12 yrs practice and as an AOR you are expected to be a partner level resource and generate revenue on your own with little assistance from the firm. So first generate revenue independently and then aim for KCO. Btw... Ajay Bhargav is himself an AOR and I am sure he doesn't requires AORs who cannot spell 'qualified' correctly!

ruby 26 Apr 2014, 15:57

+1 -0

Dude therw is some known as mobile computing so you must ignore typos and understand the meaning btw what induces so much arrogance in you. Some daddy connection or ignorant law school fool

Garnet 28 Apr 2014, 06:50

+0 -0

[quote name="ruby"]Dude therw is some known as mobile computing so you must ignore typos and understand the meaning btw what induces so much arrogance in you. Some daddy connection or ignorant law school fool[/quote]

Ever heard of spell-check / auto correct / review-before-pressing-send?

Recruited 24 Apr 2014, 10:32

+2 -2

Wait till you hear what AZB is paying nowadays.

AZB 24 Apr 2014, 11:45

+0 -0

Why don't you do the honours, if you are so confident?? Why wait till an official release??

Anno Domini 24 Apr 2014, 11:49

+7 -3

From sources at Top-5 lawschools,following is the scene on salary:

AZB is paying 1.15 lakhs p.m. which is excluding an upward revision for the year 2014-15,
AMSS at 90 grand a month,
Trilegal at 94 grand a month,
SnR is as much as AZB or slightly more,
and then comes Luthra which has been promising to revise the fresher's salaries for the last 4 years at least, but has not been able to move figures from 84 grand a month.

However, there is news that Luthra and AMSS are taking a call on an upward revision during this year's annual meeting.

[quote name="Recruited"]Wait till you hear what AZB is paying nowadays.[/quote]

Khaitan 24 Apr 2014, 11:33

+3 -0

Dont know about Bangalore....but Delhi office pay the same as Mumbai.

AZB is paying 13.2 + Bonus (around 2 months salary) to the 2013 Batch.

But AZB only pays well till three years, after that don't pay at par with other Top tier firms (i.e. AMSS, Khaitan and JSA)

Scooters-S 24 Apr 2014, 12:23

+0 -0

AZB does not declare capped bonusses

Modified Congystani 24 Apr 2014, 11:33

+2 -0

This is all bull****! India's largest international firm located nationally at a faaaar eend of NOIDA 'promises' much more salaries.

ruby 26 Apr 2014, 15:59

+0 -0

Which one

@ Kian 24 Apr 2014, 11:39

+0 -0

Which start-up or younger firms pay the highest starting salary?

Scooters-S 24 Apr 2014, 12:24

+0 -1

Come to me. I pay 10lakh to college recruits. No bonus (for the first two years)

Start upper 25 Apr 2014, 05:16

+6 -0

Platinum, TTA and S&R when you look at base salaries and bonus' actually paid. all firms promise big bonusus in theory, but dont end up paying the maximum amount referred to here.

Anonymous 24 Apr 2014, 16:46

+3 -2

Any idea what salary Pathak and Associates give? They used to be in the high pay band a few years back.

Show me the money 24 Apr 2014, 17:20

+16 -4

What about TTA and Platinum? Cover those. Amarchand is the worst paying at maximum of 11.3 lacs as package is 13 lacs for 18 months to a fresher. Bonus is never 100 percent so the projected package is a lie. It is maximum of 90 percent for some top performers. Regular bonus is 65 percent. The TSg team gets paid half what regular associates salary. Khaitan much better than Amarchand for pay and work hours for senior associates and partners. But old lot at Khaitan gets paid much less than laterals. Khaitan Bombay higher than Delhi.

. AZB is better with a monthly and deal specific bonus from Zia. Delhi azb has a different base and a more transparent bonus. JSA gives 8 percent of recovery on every matter to freshers and senior associates and 13 percent to salary partners and has a happy atmosphere. Luthra gives 120 percent bonus to top performers paid in 3 installments - Diwali, march and June. S&R best paying. Very high monthly salaries and bonus is between 3-6 months of salary. Also all equity partnership.

Moral: - biggest firm not highest paying. Only highest charging.

Update 25 Apr 2014, 03:29

+1 -2

AZB did away with deal specific bonuses quite sometime back.

Khaitan's bonuses for high performers can be up to 10 - 12 months of salary.

[quote name="Show me the money"]What about TTA and Platinum? Cover those. Amarchand is the worst paying at maximum of 11.3 lacs as package is 13 lacs for 18 months to a fresher. Bonus is never 100 percent so the projected package is a lie. It is maximum of 90 percent for some top performers. Regular bonus is 65 percent. The TSg team gets paid half what regular associates salary. Khaitan much better than Amarchand for pay and work hours for senior associates and partners. But old lot at Khaitan gets paid much less than laterals. Khaitan Bombay higher than Delhi.

. AZB is better with a monthly and deal specific bonus from Zia. Delhi azb has a different base and a more transparent bonus. JSA gives 8 percent of recovery on every matter to freshers and senior associates and 13 percent to salary partners and has a happy atmosphere. Luthra gives 120 percent bonus to top performers paid in 3 installments - Diwali, march and June. S&R best paying. Very high monthly salaries and bonus is between 3-6 months of salary. Also all equity partnership.

Moral: - biggest firm not highest paying. Only highest charging.[/quote]

Anon 1 May 2014, 17:03

+0 -0

So how it works is that every year your bonus basic ratio keeps turning adverse. By the time you get to be a SA, almost 50% of your compensation is bonus. That's a very steep percentage at that level.

Impartial Comparison... 24 Apr 2014, 17:39

+16 -12

Here is a comparison of KhaiCo to the other names in the Top Six-

KhaiCo has, at present, better quality of work than JSA...
KhaiCo pays better than the currently cash-strapped Luthra...
KhaiCo has a better and comfortable office than the cramped Amarchand sweatshop (Trust me this is important!)...
KhaiCo has better working conditions than AZB...
KhaiCo offers more stability than Trilegal...

I do not work at KhaiCo but it does beat the other firms on most counts but whether it can retain this spot is what will matter...

Bitter Truth 25 Apr 2014, 03:38

+5 -2

KhaiCo..better quality of work than JSA? What? Are you kidding me? No wonder you do not work at KhaiCo!

Impartial Comparison... 25 Apr 2014, 17:36

+2 -0

I did say at "at present"... After the departure of Jyoti Sagar, the quality of matters has clearly gone down comparatively...

Interesting 25 Apr 2014, 04:06

+0 -0

Can someone help me with the fresher package at lexygen and induslaw in bangalore? Considering to join one..

Bengaluru 25 Apr 2014, 05:04

+0 -0

Why do u want to join these?

Check others 25 Apr 2014, 07:00

+2 -1

Check others.. The two you are considering are not worth..

Leind 29 Apr 2014, 07:01

+0 -0

Lexygen offers 5.5 lakhs

trollop 29 Apr 2014, 08:37

+0 -1

Nonsense. Lexygen pays 7.2 lk pa.

ayay 25 Apr 2014, 05:34

+12 -2

Better quality of work for first years at JSA. But it's a sexist place so be prepared to dumb down and flirt if you are a woman.

What? 25 Apr 2014, 06:09

+0 -1

Someone forgot Dina Wadia & Shippi? The two driving forces of JSA. Stop making useless comments here.

Guest 25 Apr 2014, 10:02

+6 -0

Dina and Shippi versus 22 male equity partners.

Guest 25 Apr 2014, 10:00

+1 -0

True.

Concerned 25 Apr 2014, 06:25

+0 -0

Kian what is the retainer fee for litigation lawyers in Khaitan? freshers and with 5-6 years experience?

Anon 25 Apr 2014, 07:46

+3 -5

Pathak & Associates definitely pays as much as KCo, if not more.

Pathak 25 Apr 2014, 10:44

+2 -1

Lexygen and indus law too?

Lawyer 25 Apr 2014, 09:46

+4 -6

Khaitan is khaitan probably the best and very transparenthats off to Haigreve,rest need to ape its because of this drop out of Kco is minimum

Guest 25 Apr 2014, 14:31

+22 -2

[quote name="Lawyer"]Khaitan is khaitan probably the best and very transparenthats off to Haigreve,rest need to ape its because of this drop out of Kco is minimum[/quote]

Dropout from KCO is low because everyone at KCO is already a dropout from other firms, so where will they drop out next to ???

Useless 25 Apr 2014, 11:57

+1 -1

Trilegal only pays 13,38,000 to freshers. Who claimed it paid the highest? It's almost 2 lakhs less than Khaitan!

curious 25 Apr 2014, 12:11

+1 -0

Is this 13.38 the salary component or does it include bonus ?

WR 25 Apr 2014, 12:40

+4 -0

Kian,

Request you to publish current salary survey for Mumbai and Delhi so that every one will have better picture. Some one is claim that AZB is paying x amount and someone is claiming AZB is paying y amount. On the contrary, someone is claiming that CB is paying 25 thousands only which is unbelievable. So much discussion happened so please do some thing in the interest of public at large.

Salaries 2 May 2014, 04:32

+0 -0

[quote name="WR"]Kian,

Request you to publish current salary survey for Mumbai and Delhi so that every one will have better picture. Some one is claim that AZB is paying x amount and someone is claiming AZB is paying y amount. On the contrary, someone is claiming that CB is paying 25 thousands only which is unbelievable. So much discussion happened so please do some thing in the interest of public at large.[/quote]

CB does pay 25k!! Where are you lost? Max 30k. Only NLS grads in Cap Marks team get 1 lakh

Useless 25 Apr 2014, 13:21

+0 -0

Includes Bonus

Anon 25 Apr 2014, 16:09

+1 -1

Does not include bonus.

jaja 26 Apr 2014, 02:44

+0 -0

According the campus sources including bonus.

Scooters-S 25 Apr 2014, 12:50

+6 -0

the aggregate of two cents which kian has been getting surely makes him a millionaire by now!

Recruited 25 Apr 2014, 13:41

+4 -2

Form what I know

Khaitan is paying 1.15 in hand. AZB is paying 1.25 in hand. (Revised for 2015 starting)

Luthra & Trilegal (unrevised with promise of two revisions for 2015)
Luthra 84 in hand. Trilegal 94 in hand.

AMSS not sure but I know A0 (2013) batch getting 78667 in hand.

JSA no clue.

P&A (2013) promised to 'match the highest salary' and paid about 1+ in hand.

TT&A pays somewhere between 88-90 in hand.

Anonymous 25 Apr 2014, 18:15

+0 -1

Can you give us the source of these figures?

Not 25 Apr 2014, 18:58

+4 -4

Your figures for AMSS and TTA are way out of date. Heard that both are over 12 a year base. I have also heard that they pay a good bonus as well. Rest, no idea.

AMSS true figures 29 Apr 2014, 11:03

+3 -0

Hi,

AMSS offered 13 lakhs (inclusive of bonus) per annum to all its freshers in 13-14.

Presently A0s get 78000 in hand after TDS.

Source: ex AMSS.

useless 25 Apr 2014, 14:39

+4 -0

Trilegal is 94 total which is 85 in hand after 10% tds.

Recruited! 26 Apr 2014, 18:31

+6 -2

Other firms like Khaitan, Jsa and TT&A are increasingly being preferred by fresh graduates over Amarchand. Amarchand might be the biggest law firm in the country but by the way it seems, if the firm does not take steps to make the job more lucrative for fresh recruits. With most firms paying more than AMSS, some of them offering a better work culture as well and the same quality of work, I doubt AMSS can remain complacent about its self-proclaimed title of being the best law firm in the country.

Guest 27 Apr 2014, 14:53

+0 -1

I have heard AMSS is revising the salary this year. Is it true ??

Guest too 28 Apr 2014, 15:22

+1 -0

Even if AMSS revises it will be by 5-10 percent which they will dock at bonus. The increment will be just on paper.

lol! 1 May 2014, 17:10

+1 -0

Lol! Good one! Only good pay to complete freshers and partners! Otherwise it is the lowest amongst the Big Six!

Khaitan 28 Apr 2014, 17:15

+2 -0

AZB is not paying 1.15 at hand to the 2013 batch ....its paying 1.10 i.e. 99 k at hand for 2013 batch. For 2014 batch, from what i know should be 1.15 k i.e 1,03,500 at hand. These are true figures.

Also, i dont work at Khaitan. Watever i have stated above is true and directly from a source at AZB.

Guest 1 May 2014, 06:17

+0 -0

From what I hear is that though KhaiCo Delhi pays as much as Mumbai, there is high attrition in the corporate team. Apparently, the whole team changes every year due to immense pressure at work.

nowayskhaitan 1 May 2014, 07:00

+1 -2

I don't think Khaitan has that much work that it needs to restructure its teams every year! .. and for my fellow freshers.. a senior i know had joined Khaitan.. his advise to me was no matter how much money they pay.. its not worth ruining ur initial years in Khaitan!!.. they have very bad quality of lawyers.. most not even average!.. and the good ones who join leave very quickly! Better to look for a quality firm where you would like to work for sometime!

Guest 1 May 2014, 09:17

+0 -1

Agree with 35.1. Pressure at work does not mean too much work. I hear that people are pressurised for non-billable and knowledge building work to the extent that they have to quit. This is the Delhi scene though..

Fresher 21 Jun 2014, 11:49

+0 -0

anyone has an idea how much the following firms pay:

ALMT
ELP
Lexygen

Please any information would be very helpful

Dipsie 24 Jun 2014, 05:27

+2 -0

ELP pays 7.8 lakhs per annum

Lexygen pays around 5-6 lakhs per annum

ALMT has different pay scales for different officesoffices

Fresher 24 Jun 2014, 14:58

+0 -0

Hey,

Really thank you for your response. While as a final year student this information will be dreadfully important both in our RCC as well as my personal research.

If you could provide me a range of the Bangalore and Mumbai offices. It would really go a long way.

Mid Law 9 Nov 2014, 08:27

+0 -0

ELP- 7.2 + bonus
ALMT 4.2-6.0 (depends on the parter_

Law 4 Feb 2015, 20:21

+1 -0

The law firm salaries' graphic has not been updated in the past 3 years. It would be really helpful to all students if LI could bring it up to speed.

KCO Senior Joker 27 Aug 2015, 15:06

+0 -0

This is the best firm in the world. At KCO Kolkata, freshers are being offered a package of 14.4 lakhs per annum for 2015 joiners, irrespective of whichever college you passed out from, whereas senior associates from NUJS and working for the past 6-7 years are getting a package of 12.2 lakhs!!!! What a joke!!!

Sai Sharath 30 Jan 2020, 06:12

+0 -0

Is this firm is useful to Advocates Practising Telangana high court and how the salary will I get if I join in this company what is basic strategy of this company and timings which is useful to me.
Whether is it helpful in legal matters.!

HydOffice 30 Jan 2020, 10:31

+1 -0

Hi Sai, KCO does not have an office in Hyderabad yet. Hence, you will have to move to Mumbai or Bangalore, in case you wish to join this firm. Advocates practising in Telangana HC can apply to KCO. Salary will depend on your PQE. The basic strategy is to provide high quality legal services and commercially savvy legal advice at very affordable prices.

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