Internship @ Luthra & Luthra, Mumbai: Due Diligence Compliance, Kind Associates, Rs.200/- Per Day Stipend

Name of the organization. City

Luthra & Luthra, Mumbai

Duration of the internship

Four weeks (June 2014)

How big was the office? Team strength?

The office is situated at Senapati Bapat Marg, Elphinstone Road,  on the 20th floor of the Indiabulls Finance Centre Building and  is absolutely magnificent. It is a huge building, one of the biggest corporate towers in India and feels like a movie scene – grand and surreal.

Application procedure. Internship contact details

I applied to [email protected] to the HR, Ms. Shweta Vaishya who replied within a week.

Duration in weeks. No. of days/week. Timings

Five days a week. Monday to Friday: 10:00 am to 7 pm. Saturdays and Sundays are off. However, you may be called if need be. They generally do not call interns on weekdays unless some due diligence exercise mandates it or it is extremely urgent.

Accommodation: how, where, how was it?

The office is just two minutes from the Elphinstone Road station. I stayed at a relative’s place in Lower Parel, which is just the next station. However, my co-interns were staying at different PGs. Finding a PG should not be a problem as many are available near Matunga Road Station.

Moreover, girls may try Villa Teresa, a hostel for working women which is not far off from the place where the office is.  Details may be googled.

First impression. First day, formalities etc.

We were absolutely in awe of the entire atmosphere – it was grand and ‘corporate’. There are several offices in the building – Deloitte, Yes Bank etc. So, men and women in formal attire were rushing everywhere around us. We reached the 20th floor, and to our left was a sign reading ‘Luthra & Luthra’.

As soon as we reached, we were welcomed by a dainty and polite woman sitting at the reception desk, who took us to the Board Room which was richly furnished.

New interns were sent there and hence, all the co-interns from various colleges met and were asked for making a choice as regards the team we would want to work with – banking, M&A, Capital Markets etc.

After a while, we were taken to our ‘cubicles’ which were essentially unoccupied associate cubicles equipped with a system!

We were given a telephone extension list bearing extension numbers of the associates, partners and staff, some stationary and were told about the ‘intern folder’ on the system where we were supposed to save our work, and in my case, even before I could sit, I received my first call for work! Later during the day, we were introduced to our respective partners, who introduced us to their teams.

Main tasks (in detail)

Interns are basically asked to research on propositions and help with the due diligence compliance checklists etc. Interns are also taken to the concerned offices for assistance regarding the due diligence exercises. You may be asked to write an article on a research question and submit it at the end of your internship to the partner concerned.

At times you may be given the opportunity to assist in answering a client query. The partner I was working under gave me the query and asked to research on it. I was involved in that query from the scratch and watched in being sent to the client.

You are supposed to put all your research in a folder of your name on a shared network which is accessed by the associates and partners as the use of email is prohibited.

There is plenty of work. I did not sit idle for a single minute as there was always work, plenty of it.

Work environment, people

People were the best part of the internship. This was my third law firm internship and from my past experience as well as from what I had heard from friends about other firms, I can undoubtedly say it aloud that the people working here were the best set I had come across. The associates were extremely kind and considerate.

They would explain the proposition to you, even twice or thrice, if you are unable to understand. Not a single person I worked with made me feel out of place or like an ‘outsider’ or ‘intern’. They would tell you your strong and weak areas and help learn the area of law you are working on.

The associate I worked with was dreaded by all co-interns, but he was extremely good to be and working with him was really a learning experience. Hence, a small tip, do not go there with prejudices. EVERY SINGLE PERSON there is absolutely amazing to work with. Even the office boys are fun people to be around.

Best things?

It definitely has to be the people and the work culture. The no-nonsense, calm and straightforward thinking of the partners, associates made work an even more enjoyable activity. I looked forward to going to the office and working even on weekends.

Bad things?

Just because I have to write something, the only think I slightly disliked was the concerned rebuke by an associate when he saw me in the office on a weekend. He was extremely sweet and was totally against the idea of interns being called on weekends to work!

What did you do to chill? Co-interns, colleagues

The ground floor of the office has a subway and a café called LPQ (some fancy French/Spanish name, can’t remember :P). Also, there are two cafeterias called ‘Hungry Bulls’ which have several tables, where you can sit and eat. One of them has a varied menu ranging from Chinese to Indian to Continental and what not.

The other one has a thali system, where you can eat homely food for around 150 bucks. Also, there’s a Box8 which offers a box of 8 layers of items. There are dhabas across the road too.

There is an exquisite terrace garden and the view from there is absolutely breathtaking. The office itself has a pantry where you can buy chips, drinks, toffees, magi etc from.

Stipend/ month

Rs. 200 per day

Anything else you’d like to tell

A small tip would be to be on time and finish off your work the day it is given if you want to work on something new the next day. A worksheet is to be filled up and it feels satisfying at the end of it if you have a substantial number of completed tasks in your list.

Also, for people who are sick of outside food, want regular and homely meals and at the same time want to save money, Mrs. Meenu Malhotra, a dabba provider sends a wonderful lunch dabba to the office building everyday.

She would mail you the week’s menu and you can choose from the items available. Her number is 9821155590. We got to know about it very late. Hence, would it is advisable to smarty opt for a dabba than spend close to 200 bucks everyday on outside food, you will eventually grow sick of.

Biggest lessons

The place was simply about working with everything you have. One day, I remember, I saw the associate sitting in front of me still working in the clothes from last day only to later realize that a major deal was being signed and she had worked overnight. This place was the epitome of the motto of ‘work is worship’ as everybody was simply working and loving what they were doing.

People would work without any ranting, cribbing or gossiping and then, by 8, everybody would just as quietly leave the premises, as they had entered at 10 in the morning. There was a weird sense of positivity and calmness surrounding the place which changed something within me.

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  1. anonymous says:

    Except my degrees I don’t have much in my resume kindly tell me luthra & luthra can still give a chance to freshers

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