Seally wrote: deadpoetnsp wrote:
OT: Legal jobs get outsourced, just like Medical jobs(Radiology, Pathology and other Lab related Specialties especially,) or Science research positions...
Outsourcing won't go to the point that the number of Lawyers without jobs will quadruple, firms are afraid of losing clients if they end up hearing that the people drafting their legalese are underpaid Indians.
The people who the jobs are outsourced to may seem to be underpaid by a dollar-value comparison, but are paid much higher than the average salaries in their region if you take into account purchase price parity. Hence those jobs tend to attract some of the best minds in India/wherever.
Anyways, most jobs outsourced in the legal industry to this date are Full Time research positions, the Economy is also starting to get a bit better than the chaotic times of 2007-2008, which will help the Legal Industry a lot.
Not saying it's totally safe, just saying that we shouldn't jump into a direct conclusion that there will be no Associate positions in a few years.
A Lawyer billing 200$/hour for research will lose that opp and an Indian Lawyer will do it for 20$/hour, yes, even with value difference, it's still underpaid in India, even Physicians(Surgeons, Radiologists etc) are getting paid peanuts there...
But that stops here, nothing more, nothing less.
What TLSers may not realize is that unlike in the US, lawyers are not well paid in India. The legal profession is simply not associated with a high salary.
The average salaries for Indian lawyers working for regular Indian law firms (not outsourcing work, doing regular Indian legal work in India) are:
Rs. 3,00,000 ~ $7,000 (1-4 years exp)
Rs. 5,00,000 ~ $11,000 (4-8 years exp)
Rs. 13,00,000 ~ $30,000 (>10 years exp)
Outsourcing firms that do work for $20/hour pay DOUBLE these salaries to Indian lawyers. And in fact, many firms charge much more than $20/hour
$20/hr = 20*8 = $160/day
5 working days for say 45 working weeks. 225 working days ===> 225 * 160 = $36,000/year. Even assuming that only half of this is passed on to the employee doing the work, we are still left with $18,000/year which is a VERY HIGH salary converted to Indian Rupees.