Quote:
Originally Posted by Unregistered
Everything of this is well meaning advice. But I only have one comment.
SA to Salaried partner these days is not guaranteed even if you tough out 7 years etc.
A lot of firms insert the “of Counsel” role these days including the big four.
Of counsel is practically a trial before salaried partnership.
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Agreed. Nowadays it’s a lot tougher to make partner at a local Big4 firm. Decades of partners being promoted after staying 7 years as associates has resulted in a very top heavy structure. Given the small size of economy and the corresponding amount of Singapore law-related work, there’s only so much business to be won / made - which restricts the growth of law firms as partnerships. As OP has mentioned, even solid candidates get promoted to “Of Counsel” rather than partner, which is more or less a glorified senior associate.
This, along with low pay, has led to a lot more people jumping ship earlier on to international firms for the money / prestige, or inhouse / smaller firms for the better work-life balance. Not many people from this generation have dreams or ambitions of making partner anyway so might as well make the time in practice worth it for the time spent.