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Originally Posted by Unregistered
Hi, thanks for offering. UK trainee at MC firm looking to lateral back to asia in the long run.
Are the US firms in SG boxed into certain practice areas? (Browsing through skaddden, ropes, shearman, Sidley etc.) Which do you think will be hot a few years down the road?
Also, do you get the NY level pay or is it cut down? I've heard Latham SG/Russia? (lmao) didn't get the NY 180K pay rise that other jurisdictions (incl. Ldn, HK) did.
Finally, any chance of laterals getting COLA? (even if native, thanks).
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I think it is fair to say that the US firms in SG are dominant only in a few specialised areas, namely finance, capital markets, investment funds and PE. The UK firms seem to get a good chunk of the M&A work - not to say that US firms don't do M&A, just that they are not dominant there. Hard to predict the future but do factor in the impact of technology - assuming you are a corporate lawyer, choose areas/firms that allow you to do drafting and negotiation of complex contracts. Get out of DD and simple contracts which can be automated asap.
I am getting full Cravath scale but most US firms are still at the 160k scale or have their own trans-atlantic scale - so really depends on a firm to firm basis.
Yes, quite a few US firms offer COLA to laterals from overseas.