Salary.sg Forums - View Single Post - Lawyer Salary
Thread: Lawyer Salary
View Single Post
  #4046 (permalink)  
Old 05-02-2019, 01:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by LegalBeagle View Post
Partnership in a US law firm is insanely tough to get. Most people exit the ladder after year 8 without partnership, and go in-house or go to UK outfits as partners (where partners earn significantly less). Not a bed of roses.

It’s US$190k btw, 180 is outdated.
Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.
Reply With Quote