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Originally Posted by Unregistered
Any idea what's the sentiment on the ground in terms of private practice market? (local law firms)
that's the thing about our sh*ty immature/underdeveloped legal market. there's hardly any market intelligence or legal news sites like in London or HK. Need to rely on word of mouth
are there firms where junior and mid-level assocs are in danger of being let go?
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IMF already said the world is in a global recession and this is expected to be worse than 2008-9 GFC. I’ll be worried if I were going to qualify in August this year. 720+ new lawyers.
In a good market, our economy (incl international firms in Sg) can absorb about 400.
Now with this, maybe down to 50-100?