Many law graduates are more interested in money than in discovering the thrills of their profession, argues Anand Desai
On 1 May India’s Prime Minister Manmohan Singh said: “If we are to have a society where the common man gets speedy and affordable access to justice, if we are to have the rule of law in our country, if we are to have an economic environment where contracts are easily enforceable, we must ensure that our law teachers, practising advocates, corporate lawyers, legal advisers, judicial officers and legal facilitators are of a very high standard.”
Over the last couple of decades India has been fortunate to attract a renewed flow of talent to its legal profession. This flow had gradually reduced after Indian independence in 1947. When I qualified as an advocate in 1984, it was down to a trickle. Today, young lawyers graduating from reputable Indian law schools are in demand not only at domestic law firms and corporations, but also at multinational law firms and businesses.
Many bright students aspire to become corporate lawyers with well-paying jobs. Law colleges help graduates secure placements, and success is often measured by starting salaries. In addition to seeking an assured career path, graduates are also increasingly looking for bonuses and increments each year, and are keen to switch jobs primarily for a bigger pay package.
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Anand Desai is the managing partner of DSK Legal, a Mumbai-based law firm.