Lawyer Salary - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Lawyer Salary

Reply
 
Thread Tools
  #11 (permalink)  
Old 31-08-2010, 01:58 AM
Unregistered
Guest
 
Posts: n/a
Default

law of averages, my friend. i've met plenty of struggling entrepreneurs and traders who are dead-broke. but almost no poor lawyers/doctors.

So the bottom line is, if you want an almost certain way of living a comfortable lifestyle (read: BMW, Condo) in SG, law or medicine seems to be the way to go.

But if you're the kind who thrives on luck, then I agree, becoming a successful trader or a businessman would definitely be a lot more lucrative (read: Ferrari/Bentley, GCB) than law or medicine.

Reply With Quote
  #12 (permalink)  
Old 31-08-2010, 08:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
law of averages, my friend. i've met plenty of struggling entrepreneurs and traders who are dead-broke. but almost no poor lawyers/doctors.

So the bottom line is, if you want an almost certain way of living a comfortable lifestyle (read: BMW, Condo) in SG, law or medicine seems to be the way to go.

But if you're the kind who thrives on luck, then I agree, becoming a successful trader or a businessman would definitely be a lot more lucrative (read: Ferrari/Bentley, GCB) than law or medicine.
well said.



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #13 (permalink)  
Old 31-08-2010, 10:24 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
...
But if you're the kind who thrives on luck, then I agree, becoming a successful trader or a businessman would definitely be a lot more lucrative (read: Ferrari/Bentley, GCB) than law or medicine.
Many successful traders and businessmen, especially traders, would disagree with you. They will say it's due to their skills, acumen, intelligence, experience that they become successful. Some will go on to write books, give interviews and seminars to talk about their road to success... and make more money along the way. There are also a few who aren't even successful by any measure, and yet went ahead on the seminar circuit, and if they are lucky enough, there are idiots who willingly pay them to attend such seminars.

Reply With Quote
  #14 (permalink)  
Old 31-08-2010, 10:35 AM
Unregistered
Guest
 
Posts: n/a
Default

To be a lawyer or a doctor, you need above average grades so its not really about choosing your career, but your inate ability. Lawyers and doctors are not poor, but most are not rich either.

I think its more about how much risk you want to take. The doctors and lawyers that I observed becoming rich have largely been successful businessmen. They have taken the risk to go out on their own to start their own firms or clinics. Equivalently smart colleagues who stayed in hospitals or established law firms, have not become anywhere as rich. However, starting your own business involves risk, worry and affects your quality of life, particularly family life. So, its back to square one. If you want to sacrifice your quality of life for money, then head in that direction. Doesn't matter if you are lawyer, doctor, financier or hawker.

In fact, in finance, many become quite wealthy (like the wealthiest doctors and lawyers) without taking risk in starting their own business. They just work for global banks. Doctors and lawyers usually have to risk their own capital. Those in finance that take the risk to break away and start their own hedge funds often fail, but those who succeed like Tan Chong Koay of Phiem, can be worth hundreds of millions to billions, which is far greater than any doctor or lawyer that I know of.
Reply With Quote
  #15 (permalink)  
Old 31-08-2010, 12:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
To be a lawyer or a doctor, you need above average grades so its not really about choosing your career, but your inate ability. Lawyers and doctors are not poor, but most are not rich either.

I think its more about how much risk you want to take. The doctors and lawyers that I observed becoming rich have largely been successful businessmen. They have taken the risk to go out on their own to start their own firms or clinics. Equivalently smart colleagues who stayed in hospitals or established law firms, have not become anywhere as rich. However, starting your own business involves risk, worry and affects your quality of life, particularly family life. So, its back to square one. If you want to sacrifice your quality of life for money, then head in that direction. Doesn't matter if you are lawyer, doctor, financier or hawker.

In fact, in finance, many become quite wealthy (like the wealthiest doctors and lawyers) without taking risk in starting their own business. They just work for global banks. Doctors and lawyers usually have to risk their own capital. Those in finance that take the risk to break away and start their own hedge funds often fail, but those who succeed like Tan Chong Koay of Phiem, can be worth hundreds of millions to billions, which is far greater than any doctor or lawyer that I know of.
Thanks for this! Do you have hard salary figures? Its difficult to find these without contacts in the industry (fyi I did try asking during my hospital attachments and the med student scolded me ) and the previous-lawyer poster guy was very vague on this.
Reply With Quote
  #16 (permalink)  
Old 31-08-2010, 12:08 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for this! Do you have hard salary figures? Its difficult to find these without contacts in the industry (fyi I did try asking during my hospital attachments and the med student scolded me ) and the previous-lawyer poster guy was very vague on this.
Edit: I am 'elitejc'.
Reply With Quote

  #17 (permalink)  
Old 31-08-2010, 02:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks for this! Do you have hard salary figures? Its difficult to find these without contacts in the industry (fyi I did try asking during my hospital attachments and the med student scolded me ) and the previous-lawyer poster guy was very vague on this.
If you read the papers, you can see that entrepreneur doctor Susan Lim charged her patient from Brunei $20m and Teng Ngiek Lian of Target Asset Management was winding down his $2.7bn fund.

I know that locum GPs earn about $7-8K per month and GPs with group chains like Healthway earn about $10-12K pm all in.
Reply With Quote
  #18 (permalink)  
Old 31-08-2010, 06:37 PM
Unregistered
Guest
 
Posts: n/a
Default

hi, just curious what is the general consensus of definition of "rich"? how much $ a month, then will u be considered rich? (monetary sense im not talking about work-life balance etc here)

it seems to me that most of you do not consider lawyers and doctors to be rich. only comfortable. but the average lawyer/ doctor would rake in $10-$15k per month after 6 or 7 years of work. Plus their spouse who may/ may not be in the same profession, it adds up to quite a bit.

Is that not rich enough?

(sorry im just a student who does not have any idea of what working life and expenses is like. it would be great if anyone could clarify)
Reply With Quote
  #19 (permalink)  
Old 31-08-2010, 10:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hi, just curious what is the general consensus of definition of "rich"? how much $ a month, then will u be considered rich? (monetary sense im not talking about work-life balance etc here)

it seems to me that most of you do not consider lawyers and doctors to be rich. only comfortable. but the average lawyer/ doctor would rake in $10-$15k per month after 6 or 7 years of work. Plus their spouse who may/ may not be in the same profession, it adds up to quite a bit.

Is that not rich enough?

(sorry im just a student who does not have any idea of what working life and expenses is like. it would be great if anyone could clarify)
10-15k is the norm nowadays. 100-200k per month will make you rich.
Reply With Quote
  #20 (permalink)  
Old 31-08-2010, 10:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
10-15k is the norm nowadays. 100-200k per month will make you rich.
100-200k per month is only well-off. 1-2 million per month will make you rich.
Reply With Quote
Reply

Bookmarks

Tags
advocate, law, lawyer, legal, solicitor

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
From Lawyer Insider: Life is Glamorous but Unsatisfying Salary.sg Income and Jobs 31 15-01-2018 12:40 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,049 Replies, 4,937,941 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
685 Replies, 342,795 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,102 Replies, 3,714,033 Views
Career as Teacher ( 1 2 3... Last Page)
10,570 Replies, 6,553,061 Views
Local bank BO pay
2 Replies, 100 Views
ST Electronics ( 1 2 3... Last Page)
3,734 Replies, 1,528,066 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,388 Replies, 768,962 Views
Lawyer Salary ( 1 2 3... Last Page)
20,969 Replies, 10,281,909 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,805 Replies, 4,626,389 Views
GovTech ( 1 2 3... Last Page)
5,065 Replies, 2,135,496 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,774 Replies, 1,030,445 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,290 Replies, 4,703,672 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,263 Replies, 2,291,842 Views
NUS (National University of... ( 1 2 3... Last Page)
315 Replies, 315,096 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
302 Replies, 362,281 Views
Aon Centre for Innovation and...
9 Replies, 6,051 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
904 Replies, 500,304 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,254 Replies, 605,390 Views
Compare civil service salary ( 1 2 3... Last Page)
16,314 Replies, 12,397,567 Views
Standard Chartered International... ( 1 2 3... Last Page)
476 Replies, 262,764 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,435 Replies, 1,362,884 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
403 Replies, 485,889 Views
Engineer Pay ( 1 2 3... Last Page)
664 Replies, 454,359 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
501 Replies, 264,302 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
651 Replies, 376,956 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,165 Replies, 640,945 Views
DBS ACE Programme ( 1 2 3... Last Page)
119 Replies, 76,960 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,233 Replies, 3,376,317 Views
Work culture in IHiS ( 1 2 3... Last Page)
717 Replies, 535,533 Views
SIA AO grades ( 1 2 3... Last Page)
127 Replies, 101,731 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:17 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2