60-70% and $5.5-5.8k

Usually close to 100%, 7500 from completion of TC, annual salary review and bonus in July.

Lawyers are generally rich. 1-2 years in, and I hear my peers buying condominium as their first property in the region of $1.5M onwards.
Most own a car after 1-3 years in practice although they don’t drive to work as CBD parking is ex.
Rarely lawyers buy HDB in particular due to both spouses breaching the HDB limits.

Thanks for the info. May I ask what is your source? Do you / have you work(ed) there?

Yes, have you been offered a TC?

That's true. My ex-classmates who became doctors are still taking public transport on their 4-5k salaries at 2-3 PQE equivalent. And their hours are insane. Doesn't seem much happier in life when I invited them to my housewarming party.

Are you daft? Their salaries skyrocket after their residency when they become associate consultant. that's 7-8 years, about the same time as a junior partner. if they jump to private practice, their earning potential is even higher. granted some specialties are more lucrative than others.

this might be true 10 years ago.

unfortunately, other than junior lawyer glut that is very well reported, there is a middle level doctors glut that nobody talks about.

If you ask your jc friends who are doing residency right now, you will realise in this era after residency, AC positions are difficult to get. if an existing consultants doesnt move to pte sector, this mean that the hosp will have no headcount. so even after residency, you may exit but still continue as senior registrar or drop back to medical officer pool which pay is pretty average. more like PQY 2-3..

they do not expect the doctor glut to clear before 2030.

i think law and medicine are not the way to go. Ambitious young people probably should study computer sci instead and do a tech start up.

9-18 months bonus aren’t unheard of in law.
For a junior 1PQE lawyer, that’s an additional 54-108k a year.
Go figure when I said that a lawyer has no problem buying car or a condominium after a few years in practice.
It’s the best profession but one that you only know when you’re in it.
True people may whine and all, that’s human after all.
Complain this and that but at the end of the day it’s the size of the bank account that matters

Yeah that’s why 2 doctors shouldn’t marry.
Should be a doctor-lawyer pair.
Junior lawyer has a glut right now but that’s not the case for junior doctors. The doctor can look after the lawyer.
When the junior doctor progresses to the middle category and experiences the glut, the junior lawyer moves up to the middle category which faces a shortage.
The lawyer can then look after the doctor.
Oversimplistic but that’s why a lawyer-doctor pairing is always the best because then you’re shielded from the problems of one particular industry at any given point in time.

That's the consensus I gather from my class gathering too. Given the stagnant economy, I gather us young Singaporeans generally are a unfortunate bunch needing to contend with diminishing promotion opportunities, rising costs of living and $1million HDB championed by our multi-million dollars parliament.

Which firm pays 9-18 months bonus?

Law seems like the best profession when you’re selecting which uni course to take. You will only know whether it’s best for you when you’re in practice/ training, whether monetary wise or personality wise.

Please do remember that bonus is always to the firm’s discretion and not a market practice. Some senior assocs in small law firms only get 1 month bonus after 5 years of practice in that firm.

Is this based on facts or are you a government shill drinking the kool-aid? Happy to entertain anecdotal evidence.

ouch that burn.

but tbh, baker is quite selective in their trainees take in. their trainees the accolades sibei long list wanz

I did not mean it that way. I assumed he/she was offered a TC, which was why he/she had such a keen interest in the salary and wanted to check if my information was verified.

Not sure about baker in the old days. But baker from 2015 onwards, meaning trainees going in from January 2015, all usually have first class honours plus additional prizes.
In short the top 70% of baker’s trainee intake every year can qualify for JLC anytime. It is the private sector equivalent of the JLC. CC is not really comparable w JLC cos the intake size is too small.

Even so rmb baker is like JLC. In the sense that half the cohort will leave after 2 years. JLCs usually either make AR, go back DPP and the rest (~50%) leave for private sector.

When someone say they train in baker (and without the connections), they are really good. At the same level as JLC if not more.

Lmao sounds like a Baker trainee trying to stuff air up his own asshole

Anyone knows what is the starting pay at Lee&Lee and the pay progression? Should I accept a TC from them?

lul you joke. They take in more 2-1s than FCH. U think FCH is grow on trees ah?

nah. if he ish real trainee, he will actually know his peers wanz

is AR better than DPP?

Anyone knows when will Part B results be released?

wan is sitz therez scoldz people. the other is sit there tio kaopeh. which wunz you think iz betters?

march if i remember

Is it helpful to be on the part b commendation list? Seems like quite zai because you are like the top out of all Singapore and UK grads

Well those people I know who are on the list are sibei zhai.
Too upzz alr. Like you said competing with both Sg and overseas grads.
Oxbridge, Harvard, JLCs included

No it's useless. If you look closely at the list, you won't find the usual deanlisters. Most of them prefer to go on a holiday, because it's the last holiday. Pass gao liao, don't kumgong

Lol this is definitely written by someone who has a fch + dean list but did not get part b dist. Sigh

And don’t forget the persons on the list consist of people like the dean of smu law and the CP in agc, etc.
They are dean’s list + first. What distinguish them is attitude. Consistent achiever won’t give bs like it’s the last holiday as an excuse for poor performance

Lul you obviously never do your part B yet still come tok cock.

Part B in the past and part B now ish different. You compare 20 years ago people and now, sibei funny.

Jlc/DPPs must day time run cases during their part B, prosecute and charge people. Where got time to study for part B now? Write submissions already want to drop pants.

Material so heavy, everyonez also copy from other people notes. No one really study for the prizes.

Last time also firms will pay you bonus if you score well. Now firms where got give bonus?

Also, get on list is not like uni. They go by number of subject distinction. U barely pass 6 subjects (51%) and ace 2 (75%), compared to you do decently well for all (all 70%). First one got list, second no have.

True top students ish consistent grade and know the rules of the stupid game.

Lol this is definitely written by someone who got mediocre grades during his undergrad degree and is desperately hoping that a part b dist will improve his career prospects.

Bringing back the topic - why only the int firms got bonus and even at big 4 no bonus for 1-3 pqe ah? Market so bad ah

All sound like excuses to me. Employers just look at the surface - you rank 1st 2nd 3rd 4th out of 700 people, it is what it is. What no time study, holiday, whatever. Ok, you won’t be penalised for not getting on the list, but it is definitely advantageous if you do.

Not write correct. The bonuses depend very heavily on the equity partner's revenue and the associate's perceived value + flight risk.

Why must give bonus to big 4 assoc when there is no diff between a NQ and a 1PQE.
Force the NQ to stay back and extra time + steep learning curve for 4 Saturday’s and Sunday’s and they can ramp up to speed as 1PQE.

Unless you’re so damn good that I scared you run from big four to CC. Then I pay.
But so many top students applying to big four every year. Dean’s list, part b comm list, fch, prizes, moots etc. see also like water like that.

It is definitely advantageous (to what degree can be debated) but you are delusional if you think a part b comm list is better than or comparable to fch/summa + deans list.

last time nobody gave a s**t about part b. just another hurdle to clear like a driving test - doesn't matter if you passed with 18 demerit points or 0 demerit points so long as you got your license.

Nowadays with the job market for TCs and NQ roles so tight, desperate law students are obv clutching at all kinds of things to distinguish themselves.

Then how u explain why some JLCs/DPP is in the 2016 list for instance and why the top student for NUS is also the top in the 2015 list? Other than consistency and truly the most outstanding (being able to juggle agc commitments), there are no other credible reasons for this

New poster here, just find this debate about part b funny. If you are looking at private practice, part b is just another distinguishing factor to the firms when hiring but is in no way a good indicator as to whether or not one will do well in private practice. I have seen fchs/good 2.1s with part b list who are totally not cut out for private practice (low EQ, no commercial awareness or common sense, only booksmart, poor client servicing skills). Granted, there are 1-2 who are brilliant but you get the idea, the rest are not any different from those who did not get on the part b list. I am not in the civil service and I don't teach so I can't comment on how good an indicator the part b list will be for those areas.

Those who got on the list, good for you but you will still have to be humble and work hard.

To a certain extent, FCH may not be a good indicator as well. Part B and/or FCH, it may get you an interview or a TC but whether or not you are retained or hireable as a lawyer requires a different set of skills which is hard to measure with exams.