Firstly, Legal Profession is a Profession for People who are confident of Self and also confident of helping others. Traditionally, the success of a Lawyer has never been measured in terms of his wealth, but by his popularity, social work and other factors which are not linked with money.
Now, especially post independence, there are hardly any Lawyers who have devoted their talent in upbringing the country or their state, many good lawyers are interested in the professional affairs only. Coming to the point, today's best talented students have many opportunity to earn money by more respectable means. Hence they are opting for better avenues such as, Software, CA, CS, MBA etc. wherein such talented students have to deal with cream class associates, clients and collegues, exactly opposite to this, in Legal Profession, one has to deal with everyone, literally everyone is your client, right from Poor to High net Worth Individuals, whereas in courts you may have to spend more time without actually earning fees/money, for eg: If you practice in High Court or any other court, if you have just one matter per day, you may have to spend one full day, whereas you may not earn money everyday. Hence, young guys are not interested in wasting time and also they don't want to spend unproductive hours in courts without making any sense to their pockets.
In my opinion, More Time Spent on Earning Less and uncertainty of Growth has failed to attract young talented people to join this profession. Moreover, there are many Companies offering best package to Students Scoring in LLB / LLM and recruit straight from Campus,wherein packages are offered in the range of Rs. 8 Lakhs and above at the starting level, to earn this much amount, one has to slog atleast 10 years in the profession, hence this is one more reason why this profession has lagged in attracting the new generation scholars.
Adv. Vijay Kulkarni