Forums - View Single Post - Lawyer Salary
Thread: Lawyer Salary
View Single Post
  #4524 (permalink)  
Old 17-07-2019, 07:35 PM
Posts: n/a

Originally Posted by Unregistered View Post
Your ranking is incorrect. Compare apples to apples. On a pre-tax basis the base salary in Singapore for lawyers in MC/SC firms actually equals or even slightly exceeds that of their London counterparts. On a post-tax basis the Singaporeans are taking home far more due to much lower tax rates. For comparison, an MC London NQ would be earning 90-100k pounds (153-170k SGD), while an NQ in Singapore would be getting around 165k SGD. The London NQ would be taking home 60-66k pounds (100-115k SGD) while the SG NQ would be taking home around 135k SGD (after CPF deductions).

Don't know enough about HK and so can't comment. From what I've heard, NQs in US firms in Singapore are getting a base salary of around 20-21k per month. Make of that what you will.

Its a known fact that MC/SC firms in Singapore hire laterals primarily from the big4 (particularly for corporate roles), and that they regularly hire local grads (particularly if the hiring partner js Singaporean).
I can second and confirm this, including the figures - in fact the SG NQ with a SGD165k gross will take home closer to 150k cos SG tax rates are awesome. In the UK marginal effective rate at GBP100-125k is 60% cos of loss of personal allowance...

I'm at an international firm and decided to move to London HQ for a few years for career development but it's a terrible decision from a financial perspective cos of taxes. GBP is also getting fked every day - can't wait to move back to SG.

Some US firms in SG pay discriminate based on jurisdiction of qualification so data is more bumpy.
Reply With Quote