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Yukta Muniraj

"Don't Think About Money": The Advice That Quietly Decides Who Gets to Stay in Indian Law

11/9/26, 8:15 pm

Founder – IP Owl Associates | IP & Corporate Attorney | Trademarks, Copyrights, Brand Protection & Compliance

There is a sentence almost every young lawyer in India hears, usually from someone who genuinely means well.

Don't think about money right now. Just focus on learning.
It sounds like wisdom. It has the shape and cadence of wisdom. And for one specific kind of law graduate, it might even be wisdom: the one with a family that can absorb the lean years, a house to live in rent-free, no one at home depending on their bank balance.
For everybody else, it is a filter.
Yukta, founder of the IP practice IP Owl Associates, is one of the few people in the profession willing to say this out loud.
"There is often advice given to young lawyers that you shouldn't think about money and that you should simply work hard and focus on learning. I agree that learning and building your skills are incredibly important, but at the end of the day, financial realities also matter. Hard work alone does not fulfil your responsibilities or put food on the table."
That last line deserves to be read twice. It is not a complaint. It is a description of how a profession quietly sorts people.

The apprenticeship model has an unspoken entry fee:

Here is the standard script for building a career in Indian law. Graduate. Join a firm or a chamber. Earn very little for several years. Absorb everything. Then, somewhere around year seven or ten, you have arrived.
Yukta is careful not to trash this route, and she says so twice, unprompted. When she told people she was starting her own practice in July 2025, some encouraged her and others asked why she wouldn't put in five or ten years at established firms first. Her answer is not that they were wrong.
"And honestly, there is absolutely nothing wrong with taking that route. I would have been happy to continue learning in a firm as well. But I also think we need to acknowledge a reality of the legal profession that isn't spoken about enough — particularly when you are starting out, lawyers often earn very little. If you have financial responsibilities or people depending on you, that can make the traditional path extremely difficult."
So the model works. That is the awkward part. It works beautifully for anyone who can afford to wait.
A first-generation lawyer from a non-law family cannot always afford to wait. Neither can someone sending money home. The apprenticeship model does not reject these people at the door. It simply prices them out slowly, over three or four years, until they quietly leave for something that pays, and everyone agrees it was a personal choice.

Then there is the other problem: law school covers about one percent of the job:
Yukta's estimate of how much of her legal education transferred directly into practice is blunt enough that most law students will flinch.
"Perhaps only one percent of what you learn in law school directly translates into practice, while the rest is something you learn along the way."
Some contract fundamentals carried over. Basic legal concepts carried over. Almost nothing else did.
What she actually needed on day one was a completely different list: time management, professionalism, workplace etiquette, client communication, knowing how to read a client and win their confidence, and the ability to sit inside genuine uncertainty without panicking.
"When you enter the profession, there isn't a textbook telling you what happens next."
She describes the transition as moving from an environment with semesters, syllabi and defined deadlines into one where a matter can turn in your favour or turn sideways for reasons nobody scheduled. Law school is systematic. Practice, in her words, gets chaotic, and the real skill is getting the work done anyway.
Now put the two problems side by side.
A young lawyer graduates equipped for roughly one percent of the job. To learn the remaining ninety-nine percent, they are asked to spend the better part of a decade earning very little. And while they do it, they are advised not to think about money.
That is not mentorship. That is a structure that only certain people can survive.

She did not walk in knowing any of this:
None of Yukta's clarity was there at the start. She entered law school with no idea what intellectual property even was, and IP is usually introduced late in the syllabus anyway. What changed things was a handful of practical, interactive sessions during college, and a reaction she still remembers: this felt different from everything else she had studied, and she wanted to understand it properly.
Her first three internships were pure exploration. She tried litigation early and ruled it out fast, which she counts as useful rather than wasted.
The turning point was an internship at K&S Partners, which she had to work to get, and which she applied for specifically because she was hunting for IP exposure. Real matters. Real files. Hands-on work. That was where the interest hardened into a decision, and where patents opened up as a second door.
Then the part of the story nobody puts on LinkedIn.
In her final year, she could not get a job.
"I did question whether this profession was really meant for me. The amount of rejection you experience in law can be very disheartening, and while internship rejections can be difficult, job rejections can feel even harder because you are already approaching the end of law school and wondering what comes next."
She says it plainly so that students going through the same thing understand they are not alone in it. Worth remembering the next time a founder's origin story looks frictionless.

The room full of senior lawyers:
Ask Yukta what was hardest about becoming someone expected to deliver actual legal work, and the answer is not research or drafting. It is people. Specifically, seniors.
She is scrupulous about credit here. A large part of what she knows today came from capable seniors who were willing to teach her. That acknowledgment is what makes the rest of her point land.
"One of the difficult things is walking into a room full of senior lawyers, knowing that you have the ability and knowledge to contribute, but still having to overcome the perception that because you are young, you necessarily know less."
Her argument is not that seniority is worthless. It is that seniority is being treated as a proxy for correctness in a market that has changed underneath it. Young lawyers today understand the current market, the technology and the direction of the profession in ways that differ from how things worked a generation ago.
"Just because a particular approach worked for lawyers when they were starting out does not necessarily mean that the same path has to apply to the younger generation today."
This is the real tension in Indian law right now, and it is not tradition versus technology. It is a profession where authority accumulates with time, operating in a market where relevance no longer does.

What running a practice teaches that no practice can teach you:
Yukta describes the shift from lawyer to founder as an education in everything she had previously been insulated from.
Inside a firm, she could prepare a user affidavit, send it for signature, and hand it to the clerk, who would handle stamp papers, signatures and formalities before returning it for filing. The legal work was the job.
On her own, the job is the entire chain. Printing. Coordinating signatures. Arranging stamp papers. Chasing clients. Fee payments. Accounts. Operations. Making sure the matter actually closes.
"You're not just the lawyer anymore. You're also the businessperson running the practice."
She does not frame this as drudgery. She frames it as the thing that finally made the work legible to her, because once you have personally carried every step of a client's matter, you understand exactly why it was worth doing.
"Some things you can only learn when you get down into the mud, do the work yourself, and experience every part of the process."
Her biggest fear when she started was not competition or credibility. It was the sheer weight of doing everything herself. Clients had to be built from zero. Money was tight at the beginning. Trust had to be earned slowly, largely through the work she and her team put into IP Owl's presence on LinkedIn, which is where a lot of her clients now come from.
"If you don't take the risk, you will never know what could have happened. I can accept failing, but I cannot accept not trying."

The clients the Indian legal industry isn't quite ready for:
Here is where Yukta's argument stops being about her career and starts being about the market.
She looked at an IP landscape in Bangalore and across India that was already full of excellent, well-established firms, and still found a gap.
"I noticed that the legal industry, particularly IP, was not always catching up with the generation that was coming in."
The people generating India's most contested intellectual property right now are young founders, creators, musicians, designers and digital-content businesses. Their problems arrive attached to AI, to music, to formats that did not exist when much of the current IP bar was trained. What they need is not only someone who knows the statute, but someone who understands the world the problem came from.
That gap is a business opportunity. It is also a warning.
Because the same structure that pushes financially unsupported young lawyers out of the profession is pushing out precisely the people who understand these clients best. The profession is filtering for endurance at exactly the moment it needs fluency.

Where this gets commercially expensive: moral rights
Ask a founder about IP and they will usually say the copyright is sorted. Yukta's favourite example of why that confidence is misplaced involves something that sounds far too technical to matter.
A startup commissions an artist to create a mascot, or a series of illustrations for the brand. Money changes hands. Copyright is acquired. Years pass. The company grows, repositions, and substantially modifies those illustrations, or runs them in a campaign the original artist strongly objects to.
Owning the copyright does not automatically dispose of the creator's moral rights.
And the timing is what makes it painful. These disputes tend to surface while a company is scaling, launching a major campaign, or sitting in the middle of an investment or acquisition round.
"The takeaway for a founder is not simply, 'I own the copyright, so I'm protected.' It is about making sure that the agreement with the creator properly addresses ownership, permitted uses, modifications, attribution and the relevant rights from the beginning."
That, she argues, is where IP advice earns its fee. Not by winning the fight, but by making sure the asset is clean before it becomes strategically important.

Five questions to ask a founder in the first meeting:
For students and young lawyers who want to advise startups, Yukta's opening checklist is short enough to memorise:
Have you searched the proposed brand name beyond just Google?
Have you publicly disclosed your invention anywhere?
Have you shared your designs or inventions with third parties without an agreement?
Who created the IP for your business?
Has the freelancer or creator completely assigned the IP to you, or retained any rights?
Most early-stage IP disasters are hiding in the answers to those five.

Who owns what AI creates? Nobody has told us yet:
AI can now produce logos, images, music, voices and copy in seconds. Founders assume the output belongs to whoever typed the prompt. Yukta's position is that this assumption has no floor under it.
"Copyright generally requires human authorship, so when something is created entirely by AI, the question of who actually owns that creation becomes complicated. If I use AI to create something for my business, I cannot simply assume that I automatically own the IP in that creation."
And India, she notes, does not yet have a specific legal framework dealing comprehensively with AI-generated IP.
Her advice to lawyers is unusually restrained for a field that rewards confident answers: recognise the uncertainty and advise clients carefully, rather than pretending a settled position exists because a client would prefer one.

Can your face and voice be an IP asset?
On deepfakes, voice cloning and AI impersonation, Yukta's answer turns on distinctiveness.
Use Amitabh Bachchan's voice in an advertisement and the audience identifies him instantly, without seeing him. That recognisability is what gives the voice commercial value and what makes personality rights enforceable.
For a creator who is not yet famous, that distinctiveness is much harder to establish, which means the protection has to come from somewhere else: the contract.
"If you are giving your voice or likeness for an advertisement or other content, you need to carefully understand what rights you are giving, especially because such material may potentially be used to train AI systems."
Read that clause again if you are a creator. The person licensing your face today may be licensing it into a model tomorrow.

What happens when law stops sounding like law:
There is one more thing IP Owl does differently, and it is the part that matters most for anyone outside the profession.
Yukta writes about IP through subjects people are already arguing about, rather than through case citations.
"I could simply write about a case by saying X v. Y, but I don't think that necessarily catches someone's attention. In that way, people are learning about IP without necessarily feeling like they are reading a traditional legal article."
That is a small editorial decision with a large consequence.
A founder who understands moral rights signs a better contract. A musician who understands assignment clauses keeps their masters. A creator who knows what "perpetual, irrevocable, worldwide" costs them will ask a question before signing. None of them need a law degree for any of this. They need the law explained in a language they already speak.
This is the whole argument behind #KanoonSamjhegaIndia. Law that only lawyers can read is not neutral. It transfers power to whoever can afford to hire a translator. Every time a concept like moral rights or personality rights gets pulled out of the statute book and put into plain language, the gap between the people who make legal decisions and the people who live with them gets a little narrower.
An IP lawyer writing so that non-lawyers understand IP is not doing marketing. She is doing access to justice, one contract at a time.

The question worth sitting with:
Yukta was asked what she would say to her law-school self. The answer was not strategic.
"I would tell her to please not worry so much. Have a little more faith in herself, take one day at a time, and trust that everything is going to be fine."
And on what building a career in law means to her now, after the rejections, the leap, the stamp papers and the rooms full of senior lawyers:
"It is a tough profession to build yourself in, especially as a young woman trying to climb the ladder in this generation. But you have to keep climbing, not just for yourself, but so that the people around you can see that it is possible and feel encouraged to step up as well."
The profession will keep telling young lawyers not to think about money. It will keep meaning well. It will keep being said by people who survived the same system and concluded, reasonably, that it works.
But the more useful question is not whether the advice is kind.
It is who can afford to take it.
And what India loses in all the lawyers who couldn't.



This article is published for legal awareness and informational purposes only. It does not constitute legal advice or solicitation of professional work.

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