Salary.sg Forums - View Single Post - Lawyer Salary
Thread: Lawyer Salary
View Single Post
  #19353 (permalink)  
Old 21-05-2023, 10:06 AM
Unregistered
Guest
 
Posts: n/a
Default Regret

Quote:
Originally Posted by Unregistered View Post
No offense but this is a naive mindset to have.

Your interest in the profession being dictated by how many competing entrants there are at the fresh grad level sounds like a reasonable mindset to have at first blush, but only because law has an artificial bottleneck i.e. the need to obtain TCs to qualify.

What if I told you that at the mid-level, there is a dearth of lawyers and you are almost guaranteed to get a job because good mid-level lawyers are so uncommon and law firms are fighting to hire all the mid-levels? Will you then think that the profession is attractive?

And if I told you that at the senior level, its hard to get hired anywhere at a level of compensation which would find palatable, unless you have a proven book of business as a rainmaker? Would you again think the profession is unattractive?

The market outlook varies with the level of seniority. If you have no interest, you should not be practising, full stop. Choosing your career based solely on market demand is stupid - we saw how that played out with life science and to some extent, now with cs.

Anyway you sound like a student, because nobody describes practice areas like "equity and trusts" (this is an academic area, not a practice area). So you still have a few years to think about alternative paths.

I really regretted not choosing science stream in A Levels. Medicine seems to be a more guaranteed path to be rich. Any student can be a GP as long as they pass their MBBS. Pretty much guaranteed a stable income of 15000/month in the private sector. Smarter students who become specialists can make upwards of 2 millions/year. But yeah even if you are a borderline student, you are still guaranteed that private GP income. And almost all private GPs can set up their own clinics when they reach the age of 45-50… pretty much guaranteed a stable income of 20000/month for the rest of the life until retirement.

Whereas law is like a cut-throat game, you have to get into a top school and even then nothing is guaranteed.

Reply With Quote