Best threads from Legally India
We have curated the best threads from Legally India. These crowd-sourced conversations give a rare insight into the minds of various lawyers and aspiring lawyers. They range from discussions on law firm culture, advice for incoming associates, tips on how to land a PPO to even advice on pursuing other careers in law.
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DISCLAIMER: The following section contains link which will direct you to a third party website ("Legally India"), which is not associated with Law Firm Ready. The links contain opinions of anonymous lawyers and law students and may not always be accurate. Please rely on them at your own discretion.
Law Firm Culture
This part contains a sneak peek into the daily life of a corporate lawyer, the benefits of being a corporate lawyer, their opinions on which practice areas are more demanding, and some advice on when one should decide to quit the law firm.
For many young law students, joining a Tier 1 law firm is the ultimate goal. It's not surprising as working in a top law firm has numerous benefits. A fat pay cheque at the end of the month? Check. Working on the biggest commercial deals? Check. Travelling to the most exotic locations for vacation? Check. This thread elaborates on the benefits of a corporate law job and much more.
Being a corporate lawyer sounds very exciting. But working in a law firm is not easy. It's a lot of hard work. High pressure, long hours are the staple and only a few can manage it. This thread describes the highly demanding work schedule of a corporate lawyer working in a Tier 1/ Tier 2 law firm.
Working in a law firm is not for the faint of heart. The hours are long and the work schedule is demanding. But if you can manage these downsides, a career in corporate law can open a world of opportunities.
Should you quit?
Due to the demanding nature of work, lot of lawyers experience burnout. Sometimes, the work environment is not conducive and lawyers may find it difficult to carry on. This thread takes a hard look at the issues plaguing numerous lawyers and tries to answer the question - should you quit?
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[DISCLAIMER: Please weigh the pros and cons before quitting your job]
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Related: If you had to quit your law firm job, what alternate career could you pursue? Know more.
Advice for incoming associates
Law firms have various practice areas and require lawyers to deal with various laws and concepts. Unfortunately the skills needed to work in these practice areas aren't taught in most law schools. This part contains a curated list of valuable tips that every incoming associate should go through to be prepared for their job.
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Banking & Finance is niche area of law. This thread deals with certain skills and basic knowledge that are expected of an associate joining this particular practice area.
Capital Markets is another niche area of law. This thread not only discusses the skills that are expected of an associate joining this particular practice area, but also shares valuable advice for a young associate - prioritizing their health and taking one day at a time.
Competition law is a niche area of law. This thread attempts to deals with certain skills and basic knowledge that are expected of an associate joining this particular practice area*
Irrespective of the practice area you are joining, some tips are applicable for every new associate beginning their journey. This thread takes the reader back in time to answer the question - if you could go back in time at the start of your career, what would you tell your younger self ?
Alternate Careers
A corporate job in a top tier law firm is definitely appealing to many. But it's not necessarily the only job out there that can be performed by lawyers. This part contains a curated list of different careers that are available to lawyers after graduating from college, and some valuable tips which shed more light on the same.
Do firms allow sabbaticals for pursuing an LLM abroad? Does it make you more employable? This thread discusses this and more.
Can lawyers successfully make a career transition to pursue an MBA abroad? If they have the finances for a foreign MBA, is it worth it? This post answers these questions.*
Always wanted to pursue a career in academia and contribute to the growing pool of research? This thread sheds light on how to get into academia abroad.
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Related: If you wish to know more about LLM scholarships for pursuing academia, press here.
If you wish to join a firm which has a specialised tax practice area, should you take the plunge? How is it different than a corporate traditional law firm setup? This thread discusses these aspects.