I’ve been talking about insolvency and bankruptcy as lucrative practice areas, but how much can an insolvency professional (IP) in India make, exactly? The minimum fee payable to an IP starts from INR 1 lakh per month as per the Insolvency and Bankruptcy Board of India’s (IBBI) (Insolvency Professionals) Regulations, 2016. Note that this is …
Today, I want to tell you the story of how contract drafting helped me and Ramanuj Mukherjee (CEO, LawSikho) build our startup from scratch. When I quit my law firm job to focus on the iPleaders blog, our income for the next few months was uncertain. However, Ramanuj and I had to meet our costs. …
As a lawyer, CA, cost accountant, CS, banker or experienced management professional looking for the next big market opportunity, have you considered the area of insolvency resolution? More specifically, have you considered an unbeatable, recession-proof career as an insolvency professional (IP)? India currently has nearly 2 million practicing lawyers, more than 350,000 CA, more than …
It is maybe once in a generation that an entirely new profession is created. Insolvency professionals make up just such an exclusive profession. There are not enough of them in India, they are making a killing and the health of the banking and finance system is in their hands. Given the massive shortage of IPs, …
Stagnation Professional growth slowing down over the years Competition from new entrants Inability to prepare for newer and more promising opportunities Inability to build a personal brand Difficulty in finding new clients who are willing to pay well How many of these boxes do you tick? One? Two? Three? All? Slow career growth is a …
How many young lawyers do you know who have handled or are handling big cases? The reality is that almost no client trusts a fresh graduate or new lawyer with a big case. You require years of experience to build credibility. How? By working under senior advocates and in law firms. And we all know …
Today, I will tell you why I am a big advocate of freelancing and economic independence. I am from a very humble background. In 1991, at the peak of the recession, my parents were living in a 150 sq ft one-room government flat with two toddlers. I was three, my sister was just a year …
Many of you have written in to ask what are the skills that Indian CA, CMA and CS professionals need to develop in order to get work from US clients remotely. Actually the work is not so different. What you have to do in India and the US can be quite similar. Of course, there …
In his book Actual Minds, Possible Worlds, legendary American psychologist Jerome Bruner, who became internationally known for his contributions to educational psychology, wrote that people are 22 times more likely to remember a fact when it is presented as a story. So allow me to tell you a few stories. Especially because this could be …
Have you landed your dream job? Or still, struggling? Do you feel the need for a side income to supplement your current paycheck? Are you looking for a more rewarding career? Do you want to build your own CA, CMA or CS firm going forward? Are you resigned to having to struggle for the next …
