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Any SAP folks out here ???
Need some insights
Hello 🐟🎏
When will be the retention bonus will be paid if a candidate joined TCS in the middle of the financial year. I.e September'22... Will that be paid on next year's September'23 Month only after completing an year in TCS?
And will the Retention bonus will also be considered as taxable income of the the current year taxes(2022-23)?
Looking for valuable suggestions!!!
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Sorry I don't have any suggestions but I really wish you the best of luck! I also think being a lawyer isn't for me 😅
Thank you! It’s definitely a tough realization.
Don’t take this as critical but I think you’re asking the wrong question. You’re trying to squeeze yourself into something based on credentials. But that’s potentially asking to stick yourself into another career you don’t necessarily like. Trust me, I went through this line of thinking for years—what can I do that’ll be a relatively easy transition from practicing law? The reality is, the really closely connect jobs—consulting, contracts management, anything involving dispute resolution/negotiation—are likely going to be similar enough you’ll find you don’t like those.
Here’s where I ended up after eight years of private practice—I’m opening a franchise in home services. It’s a super basic manual trade that I can learn and enjoy doing well enough to keep me pleasantly occupied while I build the business. At some point, I’ll start hiring people to do the work itself and step back more and more to a management role. Once I get enough people and can hire a manager, I’ll step back even further and start working on growing and expanding the business. The final step is either to exit or have it be a very passively managed business that cash flows.
I view this path as providing a few key things. First is autonomy. I’m on my own and free to make decisions balancing revenue and time commitments as I see fit. Second, it’s a really education in business development. It’s on a much smaller scale than MBAs work. But the education is hands on and not academic. Plus, I can earn money rather than paying tuition. Finally, it’ll be something that bolsters my investment portfolio whether that’s through a sale or passively managing. (By passive management, I mean 5-30 hours per month.) I don’t know what will come after this, but it’ll also set me up to find other opportunities, be that real estate investing, buying other established businesses, coaching/consulting, or whatever else comes out of it. But all in all, it’s an open-ended but yet very deliberate move to make myself more versatile as an individual, to be diversified in my income, to challenge myself intellectually, and to free myself from “the rat race.” So it checks a lot of boxes. That being said, I have no idea what I’m doing. (Part of why I went with a franchise.) But I’m 100% confident that, as an attorney, I have the skills to think through problems critically and also the experience to learn on the fly, as I go, and to triage and prioritize the information I need to learn and handle next.
As another example, a friend who recently left law practice became a plant manager for a manufacturer of some kind. His strongest selling point was, “I know how to learn. Point me to some resources to start and I’ll figure it out from there.”
I think we miss the boat and restrict ourselves too much when we think, “what’s a good job for a former lawyer?” Go explore stuff. Start with stuff you think would be interesting and ignore for the moment whether you’re qualified. Apply for the job and be honest—“I don’t have experience. But I’m smart and can learn and know how to do hard work.” The interviewing process will show you a lot more than you ever realized. So just start by poking around.
Good luck!
Thank you, I hope you find what you are looking for too!
In house or look at JD preferred jobs! I just went to CLEs about this. They exist.
Thank you! I’ll check these links out.
My advice is to start looking. I am currently searching myself. Rather, I am searching for a way to be less traditional lawyer.
I am trying - it’s is hard to think outside the box for jobs at times.
Have you looked into consulting? If you don’t mind the constant travel there are a lot of firms like EY, BCG, PWC etc. that are happy to hire JD/MBA’s and you can get into some pretty interesting specialty areas. Downside is depending on the firm, you won’t be making that much money compared to the amount of work you’d have to do, and you’d be traveling 80-90% of the time
I think that is a lifestyle I am trying to avoid, but I appreciate the suggestion!
What practice area are you in? A lot of my law school friends have since left the law, but they all went in very different directions. The common thread was that they were able to leverage the expertise they gained in law to make the pivot. Note that they were all 2-4 years out when making the switch, so it was really more about selling an expertise than actually having one.
Edit: also T14 law school/M7 MBA? You don’t need either of those but the advice is a bit different if you have either/both.
I know you said you didn’t want to, but if you want a reset button that will allow you to do something completely different, consulting is really one of the best ways to make that happen. MBB is probably out of the cards because they are prestige snobs (I would still apply tho) but there are a number of “second-tier” shops that are great and can lead to very solid exits.
The work will suck but you really only need to do it for one or two years and then you can leave it behind forever.
Have you thought about being on the business (i.e., non-coding) side of a legal tech company?