Quote:
Originally Posted by Unregistered
No need b4 tc, a certain partner at a smaller outfit published a monthly salary of 150-200k. The old timer really got it easy with the gravy train
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Not monthly salary $150-200K lah. Doesn't work that way.
He said his book is $2M per annum and monthly collections $150K to $200K lah, and the firm is taking > 50% cut.
$166K per month collection is reasonable, so the $2M figure seems plausible also. If so, let's assume his take home is 45% (firm takes 55%).
Means his annual take home is about $900K. But no
CPF included / must self-contribute
CPF, since equity partners are self employed.
Seems very reasonable for a senior lawyer in a small firm.