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R P

R P Yadav  |210 Answers  |Ask -

HR, Workspace Expert - Answered on Nov 30, 2023

R P Yadav is the founder, chairman and managing director of Genius Consultants Limited, a 30-year-old human resources solutions company.
Over the years, he has been the recipient of numerous awards including the Lifetime Achievement Award from World HR Congress and HR Person Of The Year from Public Relations Council of India.
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N Question by N on Nov 30, 2023Translate
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Career

Dear Sirs’, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life.

Ans: Dear N,
I am happy to see that you have a clarity of your career.
Since you have a clarity, pursue the same based on your gut feeling, plan and strategy. The career can be built in Judiciary, PSU and Banks as well as in private firms. The important point is to start with a professional setup in any one of the above as an intern, rest depends upon your hard work and luck.
Career

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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Aug 22, 2023

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sir, my son is LLM in international law from Brussels . But find difficult placement in india as well outside. being father in concern i m worried . would like to know if law career is wrong choice to get settle .
Ans: I understand your concerns about your son's career prospects in international law. It's natural for parents to worry about their child's future, especially when it comes to career choices. International law is a highly specialized field that can offer rewarding opportunities, but like any profession, success can depend on various factors.

Here are a few considerations to keep in mind:

Specialization and Niche Expertise: International law is a complex and competitive field. Having a specialized skill set or focusing on a niche area within international law can make your son stand out. Whether it's human rights, trade law, environmental law, or something else, finding a unique area of expertise can improve his prospects.

Networking and Internships: Connections within the legal community are invaluable. Encourage your son to attend conferences, workshops, and seminars related to international law. Internships, whether paid or unpaid, can also provide him with practical experience and valuable contacts.

Location Flexibility: International law often involves working with governments, NGOs, multinational corporations, and international organizations. Being open to working in different geographical locations can increase his chances of finding suitable opportunities.

Further Education: Depending on his specific interests, pursuing further education such as a Ph.D. or specialized postgraduate courses might enhance his qualifications and marketability.

Adaptability and Multilingualism: International law often requires working with diverse cultures and languages. Proficiency in multiple languages and an ability to adapt to different legal systems can be advantageous.

Consult Career Advisors: Many universities and professional organizations offer career counseling services. Encourage your son to utilize these resources to explore different avenues and receive guidance on how to navigate the job market effectively.

Online Presence: Maintaining a professional online presence, such as a LinkedIn profile, can help showcase his skills and accomplishments to potential employers.

Persistence and Patience: The job search process can be challenging, especially in specialized fields. Encourage your son to remain persistent, patient, and open to different opportunities that might arise.

Remember that success in any career is a combination of individual effort, timing, and external factors. While the journey might be challenging, a career in international law can indeed be fulfilling and impactful. It's essential to support your son's aspirations while providing guidance and realistic expectations.

Regards,
Abhishek Shah
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Sushil

Sushil Sukhwani  |200 Answers  |Ask -

Study Abroad Expert - Answered on Nov 22, 2023

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My Son, in class 10th wanted to pursue his career in Law/Legal abroad after 10+2. With AI coming big way, I think Law/Legal will have huge impact. Please suggest if it has bright future or may be very challenging ? Also, help me understand what is the path available to pursue legal studies in countries like Canada, European Countries, Australia etc., Any best Universities you can recommend.
Ans: Hello Mahesh,

To begin with, thank you for contacting us. I am glad to hear about your son’s interest in pursuing a career in Law overseas after he completes his 12th grade. As an answer to your query, I would like to inform you that taking in account the changing landscape of Artificial Intelligence (AI) and its effects on a broad range of professions, including law, your son’s desire to practise law overseas seems encouraging. Remember, with the introduction of technology, major changes are being brought about in the legal arena. Artificial Intelligence (AI) may change some facets of the legal profession, but it also creates new opportunities in areas viz., data privacy, legal tech, and AI ethics in the legal system. It would therefore, seem that the future of law will be both difficult and fruitful, requiring flexibility as well as a fusion of legal knowledge with technical developments.

You would be glad to know that outstanding programs are offered by a number of countries to those aspiring to pursue law overseas. The University of British Columbia, University of Toronto, and McGill University in Canada are regarded for their law schools. Coming to European countries, the University of Cambridge, the London School of Economics (LSE), and Oxford University in the UK, as well as Leiden University in the Netherlands, are highly regarded. Law schools at Australian universities viz., Australian National University (ANU), the University of Melbourne, and the University of Sydney, are also renowned. As an answer to your query concerning the path available to pursue legal studies in these aforementioned countries, I would like to tell you that this path generally entails earning an undergraduate i.e. Bachelor’s degree, usually in any area of study, after which one needs to complete a legal degree i.e. Bachelor of Law (LLB) or Juris Doctor (JD), and then possibly undertake specialized programs or internships. In order that your son chooses the program that best resonates with his passion and objectives, I would recommend that he conducts an extensive study on particular program offerings, the competence of the faculty, as well as the curriculum’s primary emphasis.

For more information, you can visit our website.
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Abhishek

Abhishek Shah  |76 Answers  |Ask -

HR Expert - Answered on Jan 07, 2024

Asked by Anonymous - Nov 25, 2023Translate
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Career
Dear Team, I am in my 3rd year of integrated 5 years law course. I was pondering over the options to make a successful career in law. I understand, we have Lower Judiciary, upper judiciary, PSU, Banks and Advocacy with a selection grade to Judiciary. The issue: Options: 1) Judiciary: Lower Judiciary - Given the trend, the selection for upper Judiciary is quite negligible and take a considerable amount of years of your life. 2) Upper Judiciary: India does not have process of selection to Additional Session Judge (ADJ) without completing 7 years of Advocacy to be eligible for ADJ. nor any National level Judiciary exam for such selection after passing from law school. 3) PSU: A mundane process of work like a corporate and not sure, how challenging or exciting as a career option. Just a time scale career stability. 4) Banks: Apart from RBI, which has another level of selection process - meaning quite an extent of separate study from present law course and is a rated option, the other banks law officer is again mundane as in PSU's. 5) Advocacy is something which 1st generation lawyers might need a best of mentors to make to selection grade of Judiciary. 6) Indian Laws firms and Magic circle : May pl guide on the process of internship in magic circle law firms and is it a good to have internship outside of India or better to have in Indian Law Firms. Given the above, what’s the best career move and options as this is one of the profession, wherein name and fame comes later in life, however adding a right career path just adds catalyst, then having instability in your prime years of life. Regards NS.
Ans: If you are looking to make a career in India, please stick to India. Find out top 10 law firms and lawyers. Visit their website and office to meet with them and learn more about how they can mentor. Please check with them how best you could land a significant work experience with them in short span of time. The easiest way to do this would be to interview them and publish them on your blog and social space.
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Moneywize

Moneywize   |59 Answers  |Ask -

Financial Planner - Answered on Feb 25, 2024

Asked by Anonymous - Feb 24, 2024Translate
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I will be retiring in October 2024 and expecting a retirement corpus of Rs 80 lakh. I would be spending 60 per cent of this amount on my son’s medical admission and studies. How should I invest the rest in different sectors to earn monthly income of nearly about 40,000?
Ans: Given your retirement corpus of Rs 80 lakh and your plan to allocate 60% of it towards your son's medical admission and studies, which amounts to Rs 48 lakh, you'll have Rs 32 lakh remaining for investment. To generate a monthly income of approximately Rs 40,000, you'll need to carefully plan your investment strategy. Here's a suggested approach:

1. Assess Your Risk Tolerance: Before investing, consider your risk tolerance, investment horizon, and financial goals. Since you're retiring soon and seeking a regular monthly income, it's advisable to focus on relatively stable and income-generating investment options.

2. Allocate Funds: With Rs 32 lakh available for investment, you can allocate the amount across different investment instruments to achieve diversification and manage risk.

3 Income-Generating Investments: To generate a monthly income of Rs 40,000, you'll need investments that offer regular payouts. Here are some options to consider:

a. Senior Citizen Savings Scheme (SCSS): This government-backed savings scheme offers quarterly interest payouts. You can invest up to Rs 15 lakh individually and earn regular income at a fixed interest rate, currently around 7.4% per annum.

b. Post Office Monthly Income Scheme (POMIS): Another government-backed scheme that provides monthly income. The maximum investment limit is Rs 4.5 lakh for an individual account and Rs 9 lakh for a joint account. The current interest rate is around 6.6% per annum.

c. Fixed Deposits (FDs): Consider investing a portion of your corpus in fixed deposits offered by banks or financial institutions. Opt for monthly interest payout FDs to generate regular income.

d. Debt Mutual Funds: Invest a portion in debt mutual funds that focus on generating steady income with relatively lower risk compared to equity funds. Choose funds with a track record of consistent returns and low expense ratios.

4. Systematic Withdrawal Plan (SWP): For investments in mutual funds or other growth-oriented instruments, consider setting up a systematic withdrawal plan. SWP allows you to withdraw a fixed amount regularly, which can serve as your monthly income.

5. Emergency Fund: Set aside a portion of your corpus as an emergency fund to cover unexpected expenses or contingencies. This fund should be easily accessible and parked in liquid or low-risk instruments like savings accounts or liquid funds.

6. Review and Adjust: Regularly review your investment portfolio to ensure it remains aligned with your financial goals and income requirements. Adjust your asset allocation and investment strategy as needed based on changing market conditions and personal circumstances.

It's crucial to consult with a financial advisor or planner who can provide personalised advice based on your specific situation and goals. They can help you create a comprehensive retirement plan and investment strategy tailored to your needs, risk tolerance, and income requirements. Additionally, consider tax implications on your investment income and consult with a tax advisor to optimise your tax efficiency.
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