The legal industry is ultimately primarily a business support industry. How well it does very much depends on the general commence and economy.

THB i think Singapore can only support around 500 new lawyers a year. Anything more the excess probably face unemployment because law firm are not interesting scale, they are into high profit margins.

The work culture in most law firms is toxic. Most of the time the equity partners just want maintain/increase their fat bonuses so what they do is to hire less and squeeze the lower rungs harder when the times are bad. Who in the right mind hire more associates to spread the burden of the current ones?

When people tells me they are reading law (especially, NUS GLB, SMU JD or overseas schools) nowadays, i smile politely and silently chuckle at their horrible decision.