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THURSDAY, NOVEMBER 26, 2009
Top corporate law firms increase salaries for fresh graduates
Move seen as reaction to loss of fresh talent overseas, gearing up to tackle the impact of the entry of foreign firms
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While I welcome the long due salary hikes in corporate legal sector, its sad that Indian partners have reacted only when faced with a near exodus of talented experienced lawyers overseas and an overwhelming number of graduates preferring to work overseas. Young lawyers in litigation still continue to be exploited by senior lawyers who can easily pay them 3-4 times the pittance that is currently being doled out. In this scenario which young talented lawyer (without resources and contacts) will end up practicing in the courts? I wonder if any young Indian lawyer working in corporate legal sector has any sympathy with the people who oppose the entry of foreign law firms into India?
Indian
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