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What is a harsh truth of CA?

Truth of CA to me Truth of CA student and his Journey.The course is full of Harsh Truths. I don’t know the case in North, But I speak on behalf of Andhra Pradhesh (Combined). In Andhra education is comparatively with more pressure on students when compare to other south states.Here after 10th standard students face a massive changeover in their lifestyle. Same happened with me too. After a thought of how my future is I thought I am on the best possible career. Motivation in Andhra has different meaning, I would rather say sales marketing is better when compared to this.Without knowing whether the student has the capability, they(institutes) declare that student is eligible to be a first class CA, and later they themselves give a certificate that the student is not fit for CA. This is the reality in Andhra. In this time gap between this above declaration and certification, the student life’s lost into chaos. In the past 5 years many of my friends’ career has gone like this. For all my Non south Guys I am telling you the life of a CA student in Andhra.Firstly these so called institutes grabs the attention from students by putting a Talent test for the 10th standard students, the main intention is not talent test rather a strategy to pool mass number of students from all over the district. After conducting the test then the Marketing starts, you are not allowed to leave after the exam because there is going to be an awareness speech from a So Called Legend, who is mastermind behind this Institute. The awareness of CA speech which is by far the best speech than the marketing speech given by Leonardo Dicaprio in “The Wolf of Wall Street,” starts, the students who have no idea why they are still sitting in the Hall suddenly feels like they are in Heaven. They feel that they are the Future Chartered Accountants. Join here in the institute and go out as CA, bloody fools brag and brag and brag and drag you to the gates of the institutes and students come out from that exam hall as they are already CAs, many parents who doesnt any idea of it invest whole of their property on their children and sets him off to Guntur or Vijayawada. Hostel cum College or rather I would say Jail which shuts downs all the expectations and were sit in the class from Morning 6 to night 11 O clock and squeeze the students with rote learning and rewriting the whole answers in the name of practice till they squeal, with the not so good food no recreation, no sports, no extra curricular activities and no world expect 1st floor college, 3rd floor hostel, and of course ground floor food. When the students try to look back what had happened Two years intermediate life gone and they are infront of CA - CPT, parents sold half of the property, to pay hostel fee, tuition fee, exam fee, admission fee, Books fee, stationery fee, Dhobi fee, Hostel maintenance and New edition books fast track books etc etc etc… For what? just CA - CPT and intermediate(11th and 12th). If you pass CA CPT in first attempt which is by almost possible because of this repeated rote learning for two years during your intermediate and the similarities between the MEC and CPT, many average and above average students make it. I am happy for the drop outs here because even though the money is gone the time is not wasted. Here again comes the marketing for the students who couldn’t make it. No extra fee for repeaters but fee for amendment classes, new books and new videos on how to clear CPT. And there is one particular institute in which you will be supplied with videos like motivation videos which are 3 to 4 hours long which are played in the classes to motivate the students for quick learning and whatever killing the study hours time with those videos. Sometimes they show frustration in name of taking disciplinary actions on students. For a mistake done by a small group of students in hostel, All the students have to attend the video presentation in class hours or study hours.I literally can write so many things which are shoved down through the throats of the students. But while I recall them it will give night mares to me. I will skip to IPCC part.IPCC is the very crucial part in CA student life who understands the depth and respects the course and until giving full effort you cant clear it.For Ipcc if you have come out these Corporate Institutions then you are gifted. These corporate institutions will try to retain their intermediate students for Ipcc in their institute will resort to threaten the students that if you go out to the other institute you would fall in love and adopt bad habits and crash your career. Literally I got tears, when this so called motivator tried to restrain me and not willing to listen to me and busted out “ GO and Fuck off you bastard sleep in marina beach after having case beers.” I came out with tears not knowing why I am being scold just for taking my own decision for where to go for Ipcc. Because of their words and such sugar coated words, many students lose the enthusiasm and parents will tell “They are telling that give good coaching right better you join here itself.” The student even after facing the trauma for the intermediate will agree hopelessly. And these fools dont even leave space for bragging that they gave the perfect foundation for the student in CA-CPT (Now who studied IPCC in other institute or self learned guy) which made him to crack IPCC in first attempt with rank. My FOOT!!!!. They manipulate the students, parents by bragging about their institute and degrading other institutes for what, just to increase the number of students in their institute and loot the money. Many more students who are not competent enough still put money try and try until they lose hope.(Sadly example is my brother. He has fallen prey for the words of institute and lost hope and discontinued CA).I dont want take on hostels and study hours because I cant control the words. And after successful completion of coming out of this institute we are into IPCC and in many places in Andhra IPCC runs as full day coaching as either 7am to 8pm or 8 to 8. and What after 8? eating and sleeping? No… after eating revision of the whole day syllabus is compulsory otherwise first attempt to pass is hard.As we are used to this in Intermediate we don’t feel much stress. The curriculum goes like this monday to saturday whole classes and on Sunday Weekend exam on the week syllabus from 8am to 1pm. Penalties for failing in weekends or fail to attend the weekends, disciplinary action on student for failing which is nothing but again bragging about institute and scolding you for not performing in exams. in addition to this extra classes on sundays after the lunch. No holidays for festivals, public holidays or whatever. Even after doing all this the student somehow finds his love interest in some girl and go to movies and so on.. Just before 3 months of the exam syllabus somehow completed and revision time starts. Weekly 3 to 4 exams on the given subjects and practice , practice , practice… if any student neglects, this attempt is based on luck. If this first attempt you are out then WHooo hooo congratulations!!! maximum of your efforts are capitalized. If you dont clear the above cycle continues again and again till you are so much serious about your attempt and even if you are serious, many times ICAI gambles you, At this point if you watch back in your diary you will find the harsh truth, NO SOCIAL LIFE. 3 years of life gone and your fellow school mates are in some colleges making new friends enjoying the freshers party and fests, having a long term friends enjoying the weekends and birthday parties, new branded mobiles ( If you have an android mobile and still you manage to crack Ipcc then here the people give you standing Ovation. Because with android mobile you wont have self control. Pathetic)Here comes the articles which is a relief or still a challenge, getting into a good firm is not so easy until you have cleared both groups of IPCC early.InterviewsWhen my fellow students are busy in classroom either by listening classes on quantum mechanics or anatomy, I am here holding a file with a resume attending interviews in all the firms I applied. When you are in, Thank God a relief passes from your head to toe.First year goes like taking print outs, scanning the documents, filing the documents properly and data entry in tally. If the firm has good client base then you will be having fun at client place and None at your office. Second year comes and also juniors come and cycle repeats adding final coaching for the subjects either early in morning from 6 to 9am or in evening 7 to 9pm some times both.When you have all done this and want to take a leave for CA Final Exam. Your fellow students will be having either farewell party in their college or even passed out from Engineering and for Doctors their situation is worse than us. they may be in fourth year. A rigorous study timeline for four months added to your determination to pass forgetting to shave beard or whatever gluing yourself to the study chair with a systematic plan executed effectively and a pinch of luck will fetch you at last The PREFIX CA.This is Harsh Truth of CA student.

What's your greatest "I am so fucked" moment?

I went surfing about a week ago, not having been out for about a month, thus I was not in great surfing shape. Further, though I have been surfing for almost 3 and half years, I still consider myself a beginner-intermediate, because I am not super consistent with going and I am not super fit.The waves were bigger than usual (for me anyway) and because of the El Niño storms, there was a very strong current and stormy (choppy) seas. I started to try to paddle out, and the waves were steadily coming with no lulls.This surf break is a point break[1] on the north end and a rock jetty[2] on the south end, forming a quasi-cove. The north end (the point) is where most people surf. In the middle of the "cove," there is a lifeguard tower, and most beginners and paddle boarders surf there. On the south end near the jetty, it is generally empty as there are not rideable waves that break there. And as it was dawn, there was no life guard on duty.I normally don't surf the main point, as I don't feel comfortable with the crowds or the more advanced lineup. As per usual, I started to paddle out in the middle area and, as I mentioned earlier, was having trouble. Normally it's not too difficult to paddle out here. However, on this day, I kept getting pushed back because of the incoming tide, the short-period nonstop waves, and the stronger-than-usual wave power (normally this spot has gentle almost weak waves). It was taking forever and I was starting to get very winded from this effort. And I had noticed earlier that regular surfer dudes were taking a while to get out (meaning past the breaking waves to the "line-up" where you need to be to catch waves), so it wasn't just me!I continued to try to paddle out for a while and was becoming fatigued, so I decided to come into the shore. There was a woman in a pink sweatshirt there who I could sense was a hard-core surfer. As I regrouped on shore and was deciding if I should just call it a day, she called out "don't give up!" She came over and said, "hey can I give you some advice?" I replied, "sure."She advised me to paddle out near the south rock jetty (where there were no people) because there was a channel which would help me get out. A channel[3] is a rip current where the waves don't break and the water is being pulled back out to sea. Often these help surfers paddle out and get into the lineup faster.My gut told me I was done for the day and it was beyond my level, but my pride told me to paddle out. So I listened (naively) to my pride or ego and took her advice and paddled out near the jetty. It was completely empty. The closest surfer was about 1-2 football fields north of me and again, there were no lifeguards on duty at that time. Also, as it was 7 in the morning, there were no beach goers on the sand.As I paddled out, I was able to make more yardage than before, however there was a current that was pushing north to south that was so strong it began to push me further south, beyond the rock jetty and even farther away from people. I started to sense that I was in danger. The waves started getting bigger. At that point, I knew I needed to GTFO NOW! I started to paddle toward the shore but was getting pounded by the incoming waves. I would get pulled under by a wave, come up for air, and before getting a full breath, I would get pulled under again.I did the thing you're not supposed to do and started to panic. I felt 100% that my life was in danger. There was no one around, the waves were getting stronger and relentless, I was exhausted from all the paddling, and the current was taking me farther away from potential help.At that point, I saw the woman in the pink sweatshirt who had originally suggested that I paddle out. She look like a dot on the sand, she was so far away. But I could tell she was looking my direction. I started waving my arms at her signaling to her: "I need help!" That was the last thing I wanted to do, considering my pride and ego told me I should have been able to paddle in on my own (of course, my ego got me out there in the first place). But I knew I couldn't worry about pride at this point.Thankfully, she recognized I was in trouble and ran up the small cliff to the street where surfers were parked and she grabbed a guy who was packing up to leave for work. This veteran surfer ran down to help me. He stood directly in my line of sight on the shore and coached me in. I managed to ride the swell on a couple waves to gain a few yards. Finally he was close enough to grab my board, so I got off the board and my feet could touch the ground.He told me "keep walking to shore, don't stop!" because the backwash kept pushing me back into the ocean. I was so tired I really didn't think I had it in me to make it 10 more yards, but I mustered everything in me to keep walking. Finally he pulled my board and my leash to help me in and I collapsed on the beach. I threw up and started crying and hugging him. I truly felt like I could have lost my life that day -- I definitely thought "I am so f****ed". When I made it out of the water and was walking back to my car, I also thanked the woman in the pink sweatshirt for helping me. I was completely shaken.This was over a week ago, so I'm not sure if I've overcome it yet. The first couple days after this happened, I was pretty traumatized and kept replaying it over in my mind.I learned some lessons:Always trust your gut.You can listen to advice, but at the end of the day, decide what is right for you (no one knows that but you).Don't go beyond your fitness level when it comes to the unpredictability of mother nature.When you do go beyond your comfort zone in the wilderness (the ocean is the wilderness), make sure you have friends with you or there are others nearby.I am going to try to go surfing in the next few days when the waves are smaller and thus remove that surf anxiety before it gets too out of control.UPDATE: It has now been 2 months since that incident and unfortunately I haven't been surfing since, so was pretty rattled by that experience. I now am even in less surf-shape than before. I'm going to start swimming this week at a local pool to get my paddle and upper body strength up as well as my lung capacity and water stamina . I'll report back when I go surfing again! Thanks for all your views and up votes!Footnotes[1] point break - Wiktionary[2] Jetty[3] Rip current

How do legal firms recruit the best attorneys?

Ok Laura, you said you like a good story, so here you go - it’s way too long but I was having a good time. Before anyone gets mad at me, I have made some broad generalizations in this answer - I just got on a roll.I wasn’t quite sure about trying to answer this but I decided to give it a shot and warn you ahead of time that nothing after this paragraph is worth reading unless all of the following statements are correct:In this context, “recruit” means the process a law firm uses to attract law students they are interested in hiring for summer clerkship programs while they’re in law school and/or first-year associate positions immediately after graduation;“Best” refers to a law student’s credentials - class rank in the top 5–10%, attending a top 10 law school, other grade-related metrics/awards - law review membership, order of the coif; and,“Attorney” includes law students and law school graduates who haven’t passed the bar yet.I’ve experienced the law firm recruitment process both from the law student’s perspective and from the law firm’s perspective. I started at UT Law in 1985 and graduated in 1988. I didn’t spent a lot of time looking but, in 1987, UT was ranked the 11th best law school in the country. My grades weren’t stellar but I had a respectable ranking somewhere in the top 30% of my class. I wanted to do at least one summer clerkship between my 2nd and 3rd year (and I wanted to see if I could land a decent job before 3rd year started). I’d seen 3rd years who already had an offer in hand and knew where they were going after graduation. I decided that was a nice way to relax before you started grinding to pass the bar exam.So I signed up for a bunch of interviews. If it went really well or you had the kind of numbers I mentioned above, you might get a clerkship offer right there. That never happened to me. I got call-backs from a few firms who flew me in for additional interviews. Although I was primarily interested in coming back to Houston, I did kind of abuse the system once and accepted a callback from a firm in Las Vegas (come on, do you blame me?). They did offer me a clerkship but wanted the entire summer so, no deal - I’m sure they did that to avoid having people accept so they could spend 6 weeks of paid vacation in Vegas. Ultimately, I clerked for a mid-sized, 20–25 lawyer, firm in Houston. It ended up seeming like a good fit (more on this later) and, when the clerkship ended, they offered me a job in the litigation section. and went to work for the firm where I had a summer clerkship as a 2nd year. I think I’d only been with the firm for about three years when the partners put me on the recruiting committee.I had graduated, taken the bar, and started work before I hit 25 (that was only because I’d accidentally skipped 3rd grade when we moved from New Jersey to Texas - I was always the youngest in my class). No one in my family was a lawyer, and I didn’t know anything about law firms or how they operated. I thought being chosen as a “public face” to represent the firm was an indication the partners thought I was a valuable member of the organization. Ha!As I recall, the firm was founded sometime back in the 1930’s - lots of partners and associates had come and gone, but the name was a constant. Between 1930 and 1988, they’d hired 2 female attorneys - I was number 2 (that was accidental, but kind of true).I didn’t know it then but I was vital to their recruiting program because I made the firm appear more ”progressive,” open to hiring women, and maybe even promoting them. More and more women were going to law school and a bunch of 40–50 year old white guys didn’t have a shot at getting them to accept clerkships or associate positions. So,, I spent 5 years on the recruiting committee. But that was almost 30 years ago and, as Stephen King would say, “the world has moved on” so I need to as well.The actual process is pretty boring when you’re the interviewer. Every year, one of the other lawyers and I would go to 6 or 7 law schools and spend an entire day, sometimes 2, talking to a different person every 15 minutes.Once all the campus visits were over, we’d compare notes, and give each partner a list of names and resumes. The partners would all have a meeting (I don’t recall ever being asked to attend) and, based on some criteria I was never privy to, they’d send out somewhere between 6 and 8 offers. We had two, six-week clerkships and, if someone declined our offer, the next one down the list got a letter until the available slots were filled.In my opinion, summer clerkships were (and may still be) a total scam. I’m sure almost everyone reading this has heard stories to that effect. Even at a relatively modest firm like ours the clerks were taken to lunch at a different restaurant every day and invited to parties in their honor at partner’s houses. I was perpetually exhausted during the summer because, as a member of the recruiting committee part of my job was to spend at least one night out of every weekend (preferably both) and some weeknights as well, escorting the clerks to whatever sporting event(s) and/or concert(s). One year, I saw the Who and the Rolling Stones perform less than a week apart - I couldn’t hear for about two days afterward.Clerks split their 6 week stint - 3 weeks with the litigation section and 3 weeks with the transaction section. In between all the social engagements, clerks were given “work” - in litigation that usually meant researching some legal question and drafting a memo. If I was really busy preparing a case for trial, I would do the unthinkable and actually put them to work on a project I needed done. I don’t know what they did for the contract and real estate guys - it involved a lot of golfing.So the recruiting process was basically 15 minutes spent bullshitting in a tiny room at a law school followed by 6 weeks of well-paid entertainment with a dash of reading and writing thrown in for good measure. Some years we needed associates more than others and, if they managed to avoid throwing up in the office after a night of partying, survived for 6 weeks without seriously pissing off one of the senior partners and appeared to be reasonably trainable, a job offer would be forthcoming.After 9 summers of daily involvement and observation (like Jane Goodall and the gorillas) - summer clerkship programs are structured to convey and reinforce these thingsFirst, life as an equity partner with our firm is a wonderful and highly desirable thing;Second, “of course, your hard work and dedication will be rewarded - our partnership track is X (fill in any number of years) - you see Kirk over there? Well, he came with us out of school and just last year we made him partner.” [Follow with hearty back slap, rinse, and repeat until the firm has enough associates to keep the equity partners’ compensation shares on the uptick];” and, the most importantThird, “we firmly believe you can be another Kirk or we wouldn’t be offering you a job” [What they don’t say is - accepting this job offer creates a contract between you and the firm with these terms:YOU: for each of the next 7–9 years of your life you will be required to perform at least 2,000 billable hours of work AND spend all of your remaining time and energy developing an independent group of clients and additional sources of income for distribution among the firm’s existing equity partners;THE FIRM: agrees to pay you each year you perform the services required, a salary in the amount of $XX,XXX; you have no right to any more money, each year the firm has total discretion to raise your salary or not and to pay you a bonus in some arbitrary amount; if the firm decides that you did not perform the required services at any point, it can terminate your employment, with or without notice; the firm also agrees that, if you are still employed at the end of this 7, 8 or 9 year period - the length of which is entirely within the firm’s discretion - the equity partners will have a meeting in the conference room where we’ll sit around and tell jokes about you, then, if we feel really, really sorry for you and you’ve made us each at least $1,000,000, we’ll explain that there’s a new level of intermediate partnership (called a “puppy partner”) - since we like you so much, we’re going to make you a puppy partner, the puppy partnership track is 5–7 years long, at least right now; your compensation will change - you’ll get the same salary but since equity partners have to share expenses and you’re now a type of partner, your share of firm expenses will be deducted each pay check (if you don’t make enough to cover your share of expenses, we’ll loan you money on favorable terms - interest rate is prime +4, unless we change it, and is compounded daily. Finally, puppy partners can sit quietly in the conference room with us while we make decisions affecting your life and split up all the money at the end of the year.Is this how law firms recruit the “best” attorneys, hell no. It’s how law firms convince a vast number of middle-tier, newly-minted law school graduates to become associates.There’s never been a shortage of positions available to the “best” new lawyers and the big firms compete to recruit them. Salaries don’t differ much, if at all. In 2019, 9 of the top 10 law firms (as ranked by Vault’s Associate Attorney survey) started first-year associates at $190,000. The outlier paid $195,000. In order to entice the elite without raising salaries, these firms appear to be claiming their firm’s “culture and style” make them the place where all the cool lawyer’s come to work.There’s a lot of blather in Vault’s descriptions about how much money this firm is devoting to the pursuit of “socially conscious” work, a couple proudly announce they “encourage” associates to take on as much pro bono work as possible (but I’m almost certain they still require 2000+ billable hours yearly), the only firm offering what I consider a concrete benefit was 22 weeks of family leave for new parents.I’m going to sound really, really old right now but I graduated from a good law school when the job market for lawyers was hot. One of my good friends was top of the class, law review, etc. He was being courted by big firms from NY, LA, you name it. Not one of them told him that he should come work there instead of at the other place because, even though the salary was identical, they’d let him pursue his passion for underwater basket-weaving.When he received terms from the NY firm, he called up the guy in LA and said “what can you offer to convince me I should move to LA and deal with all the traffic.” This went on for a week or so and he took the LA offer. I agreed to drive to LA with him - we had a stop-over in Vegas fully-paid by the firm. When we got to LA, I helped him move a couple of suitcases into his fully-furnished apartment in Marina del Rey (paid for by the firm for the next year). Then we went down to Rodeo Drive and he bought a Peter Max painting for his apartment with part of his signing bonus.Maybe somebody out there knows what’s really going on today - there may be hidden compensation packages and real fringe benefits. Maybe I’m wrong, but getting the “best” of anything costs money.

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