“learn to balance a dream and a job
until your dream becomes your job.”
Law, as a profession, is a very vast option for the present generation. Best minds and fresh graduates choose this field and put their mark in society. The legal career may start from an advocate in district court to an associate in a law firm. Salaries can be from minimum to higher income, depending on your experience and skills as well.
So let’s take a look at the highest paying law jobs in India:
Intellectual Property Lawyer
Law firm associate
Public Sector Units
Law School Professor
Intellectual Property Lawyer
Law is one of the most various fields, ranges from patent, trademarks, copyrights, designs, etc. The IP lawyer has much importance in cities like Delhi and Mumbai. With the notable increase in the start-ups, the need for having property rights for your business is quintessential these days. And the same makes IPR the fastest-growing stream in law according to some surveys.
Law firm associate
Law firm associate is a dream job for skillful young law graduates, but it takes a lot of hard work, consistency, and a bit of patience. Many top law firms are paying the highest salaries to their employees in India. Tier I law firms pay 10-17 lakhs per annum for a fresh graduate, and if a fresher can glorify him in the firm, salary may range from 80 lakhs to 1 Crore.
Every law student should learn from a tax lawyer to gain some experience, as it is quite challenging to understand taxation right after graduation. In present times, people mostly needed to consult with a tax attorney for their tax-related matters, and tax lawyers get satisfying payment for their work. Their payment increases time by time, and also it depends on the trickiness of taxation work which they are doing for their clients.
Tax lawyers not only deal with their clients, but they also work for govt. Revenue system and estate planning etc.
There is the most competition arising profession in the legal career and also the most paying one. The salary and other benefits may vary according to the job location and relevance of the case. Delhi and Mumbai are the two high paying job locations. In Supreme Court, a senior advocate charges up-to 30 lakhs for one hearing.
Public Sector Units
For every law graduate, PSU can be a dream job because it has a lot of privileges with job security. This is the best job for those with little ambition and if they need job satisfaction in their lives. To be hired in PSU’s, one should give a written test, or they probably engage students from various campuses of law colleges.
To be a Judge is the most respected and privileged profession in India as you are the backbone of various courts if you become a judge. This is the profession in which you get several Perks and government allowances even after your retirement. People will respect you because you have the responsibility of justice on your shoulders.
The salary of judges increases according to their experience and year by year. So, if you are a hard worker and wanted to make a mark in the judiciary, this is the appropriate and best profession for you.
Law school Professor
They work day and night, and makes sure the candidate's overall development, gets a decent salary in India and enjoys respect in the society. A junior-level professor earns 30-40000, and a senior professor could make it up to 90,000 or more depending upon the college.
Member of Parliament
If a person has an interest in policymaking and wants to understand the working of our political system, then they can contribute their legal knowledge to the same. Lawyers in India are not only limited to law firms and courts, but they have their foot to our parliament too. Some data says that law graduates in our Union Council of Ministers hold 1/3 of seats. If we talk about income, they are paid nearly Rs. 2.7 lakh per month according to new official data.
Highest paying Law firms in India
“You can’t have a Million- Dollar dream with a minimum- wage ethic.” -Stephen C Hogan
After graduation, most of the young minds are looking for the highest paying employment. Hence every law graduate dreams of becoming a part of a top-drawer law firm in India. Different firms vary when it comes to select a candidate for them, and the salary varies accordingly. This variation of pay depends upon different parameters such as-
2) Work experience they have.
3) Their expertise.
4) College and the score obtained in University/college Examinations also get taken into consideration when it comes to the selection of a fresher.
Best Law Firms in India
Khaitan And Co. - April 2015, Khaitan And Co. hiked its base pay by 1.2 lakhs from the previous year’s salary of 13.2 lakhs totaling to 14.4 lakhs per annum, making itself the highest salary paying employer in the country. They also give a bonus of 1.2 lakhs on a performance basis.
Shardul Amarchand Mangladas And Co. - Basic package in this firm goes up to 12.5 lakhs like other top-notch firms, which may involve a bonus of Rs 1.5 lakhs (Maximum) depending upon the performance and other factors of the employee. Shardul Amarchand Mangladas And Co. is named as one of the highest-paid law firms in India. Payment in these firms to its associate attorney goes from 3,50,000 to 16,50,000.
Cyril Amarchand Mangaldas & Co. - Like other top-grade firms, this firm also pays an excellent package to its employees ranges up to Rs 12 lakhs where the bonus reach up to Rs 3 lakhs based on different criterion.
J Sagar And Associates (JSA) - JSA is another top-paying firm offering a high salary; it falls under the top 10 highest salary giving law firms in India. At present, JSA’s basic package reaches up to Rs 11.5 lakhs. This firm is known for its confirmed yearly appraisal in the salaries of its associates.
Trilegal - With twenty years of experience and goodwill in the field of law, Trilegal is also known for its lucrative remuneration to its associates and interns. At present, Trilegal’s payment ranges from Rs 11.28 to 18 lakhs per annum depends upon employee’s whereas the payment to interns goes up to Rs 17000 per month based on their hard work and knowledge.
AZB and Partners - This firm secures the top 8th position when it comes to the ranking of highest paying top 10 law firms in India. Remuneration reaches from Rs 9.8 lakhs to Rs 11.4 lakhs.
Desai & Diwanji - It is a prestigious and competent law firm that gives the starting package between RS 6 – 8.4.
Luthra and Luthra - When it comes to naming top law firms in India, we cannot forget to list one of the most prestigious and old law firms in India. Luthra and Luthra was established by Mr. Rajiv K Luthra in 1991. Their highest package goes up to Rs 10.8 lakhs with a maximum bonus of Rs 2.52 lakhs. Luthra and Luthra is a most desirable law firm in India for corporate lawyers where they are being paid somewhere around 1,68,000 – RS 1,82,000 per month. Interns in this firm get approximately 6 to 7 thousand per month as stipend.
“dream is free , Hustle is sold separately.”
Law is the basis of all other institutions. Now and then, the law is evolving, and with that, new opportunities are also coming into existence. But lastly, there is only one question to ask, is it about money all the time? So, taking this into concern, it is essential to understand that every opportunity has its worth. Money is “a thing” in the constituents of a happy life, but it is not “the thing” when we talk of successful and satisfying experience. So, just go for the opportunities and knock the door. Be sure to keep in mind that apart from money, you can extract various things out of that position.