Survey shows income disparity at Indian firms
A new survey by Legally India shows significant income disparity within corporate firms in India. Pay increases by an average of 10 per cent each year between the first to fourth year after qualification, while in subsequent years pay jumped by about 20 per cent per annum, until around the seventh year when lawyers saw a 30 per cent jump. Lawyers of seven years’ post-qualification experience at the top firms were likely to earn between r2.2 million to r5.5 million annually (about £25,000 to £62,000).
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Some survey respondents complained about the lack of transparency in the bonus system, while others pointed to gender bias in pay packages, though the results of the survey were inconclusive on this point.