You have to be in practice to understand why so. But to sum it up for you, legal practice (especially litigation) is a tiring and inefficient way to make bank. Many law graduates studied law because they fell for the illusion of the prestige and wealth that supposedly comes with practice. Only for them to find out that legal practice in Singapore comes with sweatshop hours (when you have to prepare for trials/arbitration) and terrible mentorship (many partners don't even bother teaching their associates and squeeze them as slave labourers).


The only way not to be burned out is to have passion for the law but many don't. As the poster above me mentioned, there are other industries in which making bank is less tiring and more efficient than legal practice, which is why many left the industry for these pastures.