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Originally Posted by unregistered
why is a&g the best? just because the minister came from there? they have so few SCs
and what happens after 6 years if you dont make partner?
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A&G is the best law firm = general industry consensus. SCs are good for litigation and publicity, but legal practice is not all about litigation. I dunno what happens; I'm just a trainee. Many senior associates choose to leave even if they could make partner.
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Originally Posted by Unregistered
regarding the above, for just an estimate - how much do the non-equity partners earn?
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Unfortunately I have no idea. But I found the quote below, made by a junior partner on this forum. For junior associates annual base salary increment is 1k per year, dunno if it applies to senior associates/junior partners. In big law firms, it usually takes more than 6 years to make (junior) partner.
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Originally Posted by Unregistered
Let me bring life to this old thread by giving some real world data.
I am in my 6th year of this profession, just been made a salaried junior partner in a medium sized local firm. Average pay is about 10k a month not including bonuses, and there is no CPF (apparently partners are considered self-employed).
My boss doesn't own my soul, but my hours are erratic, on occasion working 12-16 hours a day (not always).
I am sure that my peers in bigger firms are earning 1.5 times more, but they are also probably working longer hours. |