Famous law

The Union Budget 2026-27 outlines India’s fiscal and economic priorities for the coming year, balancing growth, fiscal discipline, and structural reforms amid a complex global landscape. The government has projected nominal GDP growth of around 10 % and set a fiscal deficit target of 4.3 % of GDP , slightly lower than the previous year, indicating continued emphasis on fiscal consolidation. Central debt is expected to decline to about 55.6 % of GDP . A key thrust of the Budget is boosting infrastructure and capital expenditure , with an allocation of approximately ₹12.2 trillion , one of the highest in recent years. This investment aims to strengthen physical connectivity through new high-speed rail corridors and enhanced support for roads, railways and freight networks. Tax reforms play a central role. The New Income Tax Act, 2025 will come into effect from April 1, 2026 , accompanied by simplified rules and forms intended to make compliance easier for taxpayers. Personal incom...

A written statement holds the most important position in the legal profession because it represents a formal defence of the Defendant against the allegations raised in a plaint or petition. It is not just a mere requirement but an important document that, if made correctly, defines the course of litigation and protects the Defendant's rights. Firstly, written statements allows the defendant to admit, deny or explain the facts from his point of view. Through precise pleadings, it narrows the dispute allowing the court to identify the real questions requiring adjudication. Any fact which is not denied in the written statement may be deemed to be admitted which highlights the strategic significance in litigation. Secondly, a correctly drafted written statement is the foundation for legal defence. Any objections, questions regarding maintainability, limitation and statutory bars must be raised at the earliest stage, failing which they may be waived. The written statement thus serves as...

Frequent job changes in a legal résumé are often viewed with scepticism, yet they can reflect adaptability, growth, and a deliberate pursuit of professional development rather than instability. In the evolving legal landscape, where exposure to diverse practice areas and forums is increasingly valued, multiple job transitions may indicate a lawyer’s proactive approach to building competence and clarity. Early in a legal career, short tenures are often the result of exploration. Young advocates and associates experiment with litigation, corporate advisory, research, or policy roles to identify their strengths and long-term interests. Each role contributes distinct skills—courtroom exposure builds advocacy and procedural knowledge, while law firm or in-house experience sharpens drafting, negotiation, and client management abilities. When framed effectively, such transitions demonstrate breadth rather than inconsistency. Moreover, job changes may be driven by structural realities of the...

Legal notices and legal opinions are important concepts for functioning of law firms which serve as a remedial purpose in legal profession. They play an important role in protecting clients' rights, managing disputes and ensuring informed decision-making. A legal notice is the first step before initiating litigation. It talks about a clear demand, grievance or intention to take legal action which gives the opportunity to the opposing party to resolve the matter peacefully. This not only showcases following the principles of natural justice but also helps in minimizing unnecessary litigation. For law firms, drafting a concise legal notice is important because it sets the stage for future court proceedings and is significantly influential in settlement negotiations. An effective legal notice strengthens the client's case and usually compels the recipient to comply which saves time, costs and judicial resources. On the other hand, legal opinions are merely advisory in nature. This...

The All India Bar Examination (AIBE) 2025 is an important milestone for law graduates serving as a path to professional practice. The exam was held on November 30, 2025 to assess aspiring advocates on their grasp of procedural law which ensures that they meet the standards required to practice in Indian courts. Bar Council of India in early January 2026 declared the results revealing that 69.21% of the candidates had passed and successfully qualified to obtain Certificate of Practice (CoP) which showcases the commendable overall performance. This pass rate emphasizes that a majority of students possess the foundational competencies expected from legal professionals which reflects the effectiveness of legal education and exam preparation by many law colleges. However, the statistics also showed that around 30% of law graduates were unable to clear the exam emphasizing towards the gaps in legal education. Such a failure rate underscores such areas where law schools and coaching support s...

Salary discrimination between litigation lawyers and corporate lawyers has been widely observed in the legal profession which is shaped by differences in market demand, work structure and risk profiles. One of the major reasons for this gap is because of clients and fee structures. Corporate lawyers mostly work for large and multinational corporations and financial institutions that pay handsomely. Their work which mainly includes mergers and acquisitions, compliance, due diligence and drafting contracts which asks for transaction-based fees. Litigation lawyers represent individual clients or small businesses who are cost-sensitive leading to irregular fee recovery. Second, the consistency and scalability of legal work significantly influence earnings. Corporate legal practice involves ongoing, deadline-driven assignments aligned with commercial activities and regulatory compliance, enabling firms to generate steady income and forecast revenues more accurately. In contrast, litigation...