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Old 10-09-2021, 12:56 PM
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interesting. thank you. so it's about not doing as well as before academically or not to their expectations and then thinking that other industries have it easier?

i think its funny to compare w those in big tech or high finance because it's not much easier to make it into investment banking or high finance when people with a fancy MBA or pass CFA level 1 or boutique firm experience can be considered as a competitive applicant for a role. there are people with both qualifications even. and then there are ppl here comparing schools......

even after getting in, the person has to be on their toes all the time because there are truckloads of ppl trying to get in as compared to the legal industry where restrictions are placed left and right.

as for tech... they are so welcoming to the industry but what they dont say is the amount of coding that has to be learned and the number of bugs that have to be fixed and the uphill climb to be that good.

Which other industry has a training period that is exploited by firms that make you work for $0? And have bosses that have no problem gloating about it to the media?
Which other industry has such steep pay jumps that is a double aged sword- yes it attracts ppl to get in and endure for the future $$$, but the need for employers to pay such increments plus high burnout rate essentially equates to a hollowing out of mid level and beyond lawyers.
However those that made it to equity partnership in Singapore won’t be incentivised to change the above since. Look they now own the business and such practices even if exploitative, benefits them. Moreover the legal sector is not that large enough to support as high profits in tiny Singapore, so coupled with lack of min wage and labor protections, helps these firms justify the low pay of their juniors.

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