Kolkata: The downturn in the economy does not seem to have affected campus placements at National Law School of India University (NLSIU), Bangalore, the country’s most sought after law school, at a time most peer colleges saw a poor level of placements this year.
Average domestic salary, however, fell to Rs7 lakh from Rs9 lakh last year. NLSIU not only managed to place almost all its students who wanted jobs, it even got new recruiters such as law firms Norton Rose Group and Ashurst. Students of NLSIU secured 18 foreign jobs this year, three more than last year.
UK law firms that have been hiring from the institute for years such as Clifford Chance Llp, Allen and Overy Llp, Linklaters Llp, Simmons and Simmons Llp and Herbert Smith Llp offered students annual salary of £37,000-38,000, which is almost the same as last year, according to Divya Shenoy, a spokesperson for the institute.
Clifford Chance alone hired eight students graduating this year, and made offers to two fourth year students graduating next year. Among consulting firms, Boston Consulting Group Inc. and McKinsey and Co. continued to hire from the institute, added Shenoy in an emailed statement.
Ten out of 63 students opted out of the placements because they either want to practise on their own or would pursue higher studies. So far, 49 students have secured jobs; only four have not been placed yet.
There was, however, a lot of apprehension initially, and the institute felt it would be difficult placing all its students. “We decided to delay campus placements till April because we thought the economy would improve, but it didn’t and the decision backfired on us. Many Indian law firms said they hired fewer people from our institute this year because they had already hired from other law schools. We are very happy that we could yet place almost all our students,” said Kushal Bhimjiani, a fourth year student, and the institute’s head for external communications.
Among Indian firms that hired were Amarchand Mangaldas and Suresh A Shroff and Co., Luthra and Luthra Law Offices, Bank of Baroda and market regulator Securities and Exchange Board of India.
Mint had reported on 19 March that law schools such as National Law Institute University in Bhopal and West Bengal National University of Juridical Sciences in Kolkata have had poor placements this year. Jodhpur’s National Law University had bucked the trend by placing 61 of its 73 students.
Placements at the Bangalore law school are coordinated by students, said V. Nagaraj, a professor and its registrar. “We encourage students to practise on their own, but most students want high-paying jobs immediately after completing the course. Had our statutes permitted and the college administration been involved, placements could have been even better,” he added.