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Is scarcity really good?

This article is written by Abhyuday Agarwal, COO, iPleaders.

Only some people search for gold. Why? Because gold is not available everywhere. It is a scarce resource. Identification of the possible locations where you may find gold itself requires a lot of resources and technology, and then you need the resources and technology to reach the mine, extract the ore, and then to purify it. I have not even arrived at the distribution and sales aspect of it.

Now, consider for a moment, if everyone could search for gold, what would happen? There would be a scramble, and the gold may not be enough for everyone.

In the real world, resources are finite, and so there is a fight for access to resources.

It is the same with respect to your search for knowledge and skills. That is why you have a few lakh people competing for a few hundred or thousand seats in civil services, IITs and IIMs. In fact, many people do not even know the connection between the knowledge tested in these exams with the skills and knowledge required to perform well as civil servants, engineers or managers. There is also not enough evidence to say that such a high level of competition is healthy or not.

India is a country which has a huge scarcity of resources, but scarcity is not necessarily great for people. In fact, it can reduce access to the resource (e.g. wealth, education, etc.). Australia and West Indies have had minuscule populations but world-beater cricket teams for the longest time, in comparison to India.  

For sure, the level of competition restricts access to top quality education. Competition is the necessary evil which arises when resources (e.g. jobs, education, etc.) are exhaustible. However, there is no point of artificially creating competition.

In the modern economy, why must access to knowledge and skills be restricted? Why should we prevent more people from benefiting from technological advancement, access top-notch training and carve out their own career paths?   

Well, that was the reason that Lawsikho courses provide top quality learning – it does not matter whether you are from a top national law school or not, or whether you are a corporate lawyer or not – anyone who is completed Class XII, understands English and is interested in a subject covered by a Lawsikho course.  You do not have to give an entrance test.

Of course, for administrative reasons, we limit the batch size to 25 seats, but you can join in the next batch if the current batch is full. For those who don’t want to miss out, you can always start early.

One of these days I spoke to a student who has graduated from a reputed national law university. He had taken a contract drafting course and due diligence from us, and he said that he found these two courses more useful than the knowledge gained in his 5-year study of law. He had paid a total of INR 11,000 (yes, it is eleven thousand) in comparison to a minimum amount of INR 7 – 10 lakhs spent on tuition fees in a national law school over 5 years (without adding any living costs.

Guess what? The level of learning now available in Lawsikho Diploma and Executive Certificate Courses has gone many notches up – that is because we have substantially innovated over and above what we offered. In addition to top quality content, Lawsikho Diploma courses and Executive Certificate courses now offer weekly classes with practice exercises containing real-life simulations.

Many people said Lawsikho courses are expensive, but I am slightly surprised by this. I think whether something is expensive is not a question of price, but of value offered in comparison to the price. If you look at the value offered by these courses, it exceeds many times the price.

It is a reason to celebrate that courses which teach you skills necessary for taking your career to the next level are available at a cost which is cheaper than Class X or Class XII private tuitions, which your parents may have paid for, or a gym subscription, which many of you yourselves may have taken.

You can even try it for yourself to see if there is a difference in your skills after pursuing a course. Unlike a gym or an IIT-JEE coaching institute, we do not offer merely one trial class. In fact, you can study a course for an entire month. if you study the course, attend all classes and perform all exercises for 1 month and still do not find value, you can claim a refund (see our refund policy).   

Just like you, I (and the experts) live in the real world. We are here to make a difference to the state of legal education and impart skills which make a remarkable difference in your career, but this by no means is charity. There is a cost for us, to do work which makes a difference, to build systems and processes. This is professional work of top quality. We’ll not be able to survive in this world. We have not renounced the material world.  

How do you know that you can trust us?

We are not a university but we have been in the industry since 2012. We have been operating single-mindedly with the vision to make legal education accessible. iPleaders blog has been operational, growing and accessible for free since 2010.

Here are a few articles explaining how and when we launched, our life story and background, vision and philosophy for legal education, how we developed ourselves to be able to deliver results to customers and our personal interviews (going as far back as 2012):

Ramanuj Mukherjee, CEO, iPleaders

Abhyuday Agarwal, COO, iPleaders

Product Walkthroughs

Get a feel of how you will learn online on our Online Learning Management Platform (see here)

Still, have questions? Call us on +91 11 3959 5032 or write to [email protected] if you have any questions. Feel free to ask a question that comes up, even if you do not exactly know how it is relevant.

It is not necessary for you to take up a course, but for those of you who have decided what your next goal in your career is and you think a course might be helpful, you should reach out. If you want to decide what is the connection of law with your career, still reach out.

Enrolling in our courses is not the end, but the beginning of a career where you use legal skills to grow.

For those of you who are clear you want to enrol, here is a walkthrough of the enrolment process.

 

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About the Author

Snigdha

I am a lawyer turned writer looking to add more feathers to my cap. Although, we learn the best from our own mistakes, we don't have the time to make them all ourselves! So,I'd like to share the insights that I have gained as a law student and lawyer to help you avoid the hassle of making at least some of them. You can contact me at: [email protected] | Website: https://lawsikho.com/courses

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