Why do the law undergraduates that graduated from NLS Bangalore, Nalsar earn more than IIT students?

There are various reasons due to which law undergraduates from NLS Bangalore and NALSAR University of Law, Hyderabad earn more than the IIT students. 

• Since the economic liberalization in the early ’90s, economic activities such as FDI, mergers and acquisitions, loans, IT boom, startup culture have really picked up. This has increased the demand for qualified corporate law practitioners. 
• Compliance with the laws of the land is a big challenge for companies, especially MNCs. They are ready to pay any amount to remain legal and work under the ambit of the law.
• The number of law students graduating from top law schools is about 200-250, who are capable of handling the work of the 7 top law firms. 
• On the other hand, IITs and IIMs churn out thousands of students and in very diverse fields as well.
• Law being a very niche field also gives leverage to the students to demand higher salaries. An IIT/IIM graduate may get a CTC of INR 25 LPA. 
• But a law associate will probably be getting a higher in-hand salary with a package of INR 17 lakhs. This is because a law graduate’s salary does not include components such as equity, provident fund, stock options, insurance, and many more.
• An associate at a law firm has to pay a lot of taxes. This also increases a law graduate’s in-hand salary.

The law firms work in the partnershipmodel. Thus a few years down the line you have a chance to become a partner and earn quite a lot more by sharing profits.