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CAREER CAPITAL

CLAT, BBA, NCHMCT

- A Career in Law -

Law as a profession is in great demand these days. Due to the changing social and economic circumstances and the ever-increasing regulatory role being undertaken by the government there is a rising demand for the lawyers. Besides being financially lucrative, Law is an adventurous and exciting career option.

Lawyers are held in high esteem in our society, and there remains the faith that when everything else fails, one can still take the path of  legal system. In our daily life in one way or other we may come across situations where legal advice is required. In such situation we need the advice of legal professionals who analyze and interpret law properly.

Lawyers advice clients about their legal rights and recommend course of action in a meticulous manner. They also counsel clients and pre legal documents, such as wills and contracts and conduct negotiations on legal matters, and may represent clients in court and tribunal proceedings.

The biggest perk of being a lawyer is that you are a ‘part of justice being done’.

However, if money thrills you, law as a career will not disappoint you (provided you are good enough).

 

Large law firms in India, the likes of Cyril Amarchand Mangaldas, Shardul Amarchand Mangaldas, AZB, Jyoti Sagar Associates (JSA), Trilegal, Khaitan and Company, Luthra and Luthra pay in excess of Rs. 1 lakh per month to freshers.

Banks like the ICICI bank too pay nearly the same.

Mid-tier law firms like Desai and Diwanji, Nishith Desai Associates (NDA), Wadia Ghandy and Co., Kochhar and Co., Bharucha Partners etc. pay anywhere from Rs. 40,000/month to Rs. 80,000/month.

However, there are not more than 300-500 such jobs available in India in any given point. These mostly go to students of top law schools.

If you try your hand at litigation, you’ll be making around Rs. 20,000 (average) per month for starters, if you are practicing under a senior lawyer in Delhi.

The average salary an LPO job would give you is around Rs. 20,000 (average) per month too. The highest paying LPO, Pangea3, pays Rs. 40,000/month (approx.) to graduates of top law schools.

 

There are various areas of specialization in this field which one can choose from like :
 

  • Civil Law
  • Criminal Law
  • Corporate Law
  • Taxation Law
  • Labor Law
  • International Law
  • Family Law
  • Constitutional Law
  • Administration Law
  • Patent Law etc.


Campus recruitment at prestigious law colleges start as high as Rs 35,000 to Rs 40,000 per month. The sky is the limit as you rise up the ranks.

Upon graduation, the career options available to a law graduate are –

Litigation – Litigators or legal practitioners provide dispute resolution services to their clients by representing them in the courts of law. They handle a multitude of matters ranging from criminal, civil to commercial cases. However, at the onset of their careers, litigators have to learn the ropes by working under senior lawyers. Thus, the salary is not very lucrative during the learning stage and can be expected to range between Rs 15 – 20,000 per month. However, it rises exponentially with the level of experience and increase in clients.

Corporate Counsel – Corporate lawyers handle all transactions on behalf of companies either as a part of their in-house legal team or as part of corporate law firms who have been retained to provide legal services. The work area ranges from negotiating contracts to facilitating mergers, ensuring compliance of regulations, et al. A fresher starting off at a decent law firm can expect to earn between Rs 6-8 lakh per annum.

Judiciary and Civil Service – Exams for entering judicial services are conducted state-wise. The Union Public Service Commission (UPSC) conducts a nationwide exam for recruitment to various civil service positions in the Government like Indian Administrative Services (IAS), Indian Foreign Services (IFS), Indian Police Services (IPS), etc. These are safe options for graduates desirous of a stable government job and for the ones who would like to view things from the other side of the table by becoming judges. However, it is recommended to sit for these exams after obtaining 1-2 years of work experience. Salaries for judges and government officials are revised from time to time as notified by the Government.

Judicial Clerkship – One can also gain experience and put his researching skills to good use by working under judges in various courts by opting for judicial clerkship which is offered on a contractual basis. A Supreme Court judicial clerkship can pay between Rs 40 – 50K per month.

Media and publication – Law graduates can also work towards the dissemination of information to the public on important legal matters by writing books, reporting news by covering courtrooms (legal journalism), etc. People with a penchant for writing, current affairs and politics will find it to be a very satisfying career.

Legal Process Outsourcing – By working at LPOs, law graduates can provide intelligent solutions to overseas clients like document review and support, contract vetting.

Academia – Another option for law graduates is to give back to the community by taking up the noble profession of teaching. However, one needs to have a Masters degree to become eligible to apply for teaching posts in colleges and universities. NET will also have to be cleared to get tenure. Salary will depend on the applicable Pay Commission. A Masters in Law (LL.M.) degree will add a ‘specialised’ status to your profile, especially when pursued abroad. Further, LL.M. in international laws like international commercial arbitration, international trade, international law and policy, will place you in the unique position to pick a country of your choice to settle in.

Social Work – Lawyers are, arguably, best equipped for undertaking social work as they are aware of the legal rights and obligation of all strata of society. Meaningful work can be done by working with NGOs and Government Commissions like National Commission for Women, National Commission for Protection of Child Rights, National Human Rights Commission, etc.

In today’s world, there is no pigeon-holing of careers into neat, distinct compartments. Hence, law graduates can also combine their degree with other disciplines like business administration, company secretary, etc., or take up freelancing or even work with the think tanks. They can even end up carving out new careers for themselves in the days to come.