Quote:
Originally Posted by Unregistered
I suppose one thing to clarify here is that making “partner” in a local firm is quite different from that in international firms. Junior partners in local firms (especially those who are freshly minted) are more akin to counsel level folks in international firms - probably in skill, and responsibility.
You’re right in that Singapore litigation is a protected practice area. Barriers to competition do make it easier for local practitioners to practice their craft, but bear in mind that Singapore is a ****ing small market. International firms can target international clients. Granted that a bigger pond doesn’t necessarily mean easier pickings (vice versa), so I’m not sure whether book building in a Singapore focused litigation practice is a lot easier. Also bear in mind that some international firms have Singapore qualified arms (I’m looking at you CC and BM…), so competition can get fierce.
|
Pls la. Everybody makes “salary” (non-equity; i.e., just title only/glorified associate slave) in local law firm after 7/8 years - it’s tough to get there, but it’s no longer the coveted position cos one still need to suck actual “equity” partners’ kok until he/she dies then can maaaaybe promote someday when sperms die/eggs run out.
Intl US law firm pays US$225,000 a year before bonus - that is a salary even a junior salary partner can only dream of…