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Old 13-11-2017, 08:36 AM
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If it is so prestigious, why are law firms not paying their trainees for their Part B and training period? Even $2000 is pathetic compared to UK and HK trainees.

why is the glut issue not solved after 5 years?
> There is no need to resolved it, there is always a high supply of lawyers. There are many people who perceived lawyers as prestigious. In the past, yes. If you are a partner in a magic circle law firm, yes. If you have only a law degree, nobody give a $hit.

why is the salary so low compared to doctors and overseas lawyers say in USA and HK and UK
> The supply is high, so there is no need to pay well. All law partners are interested in bottomline and if they can squeeze as much from you as possible, they will do it.

why is the working hours in singapore practice so long?
> In Singapore, there is a high expectation on responsiveness. All partners expects their junior to response, to response fast and immediately. Partners want to book as many clients as possible, while keeping a low bottomline. Hence, they are often overbooked and are loading the work on the same number of people.

why are there so many people facing stress and mental breakdown?
> This is because many people are unrealistic and not strong enough to simply walk away or say no. Too many people see it as a failure walk away or say no, hence, they just load up the stress on themselves until they can't take it anymore.

and what you call these issues for the prestigious industry?
The tricky part about lawyers are, you will eventually hit a plateau unless you are a partner or head of legal. And realistic looking, how many people in a batch is going to make it to partner level or head of legal? By the time you hit your 40s/50s, if you have not earn enough to start your own business, you will be at risk of being retrenched or replaced by younger lawyers who are more willing to work longer hours. This is one of the reasons why most lawyers decided to switch fields in their 30s/40s or even start their own business.
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