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Old 10-09-2021, 07:52 PM
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A small firm need not compete with the internationals. Internationals don't want to do the kind of work that Chinatown firms do. There's legal services for different price points. Rolls Royce and Toyota are both automobile companies but are not competing in the same market space.

Chinatown lawyers will never reach the heights of a big law partner salary, but most who are willing to stay on actually can find a very comfortable positions. By 5th or 6th year, the average small law firm associate may be offered profit sharing. A Chinatown firm partner who doesn't sit on his a ss all day, can comfortably takehome $20k or more a month, after overheads. Think of it like a GP running a neighborhood clinic.

That's what I mean by having optimal career outcomes. Law is a profession and is skill based. Your experience and your skill, and to an extent reputation, will contribute to your earning capacity. Its a hybrid between a true profession, and being an SME boss.
I don’t know why people like to use how much partners make against the point made about pay being too low at the junior level.
Ok the profession tops out at 6 figures for the China town firms you mentioned, and some unprofitable and cheap tech local firm is paying 2k for their young hires. Are they even comparable? You are comparing the bottom of another industry with partnership level, that is apples to oranges.
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