Lawyer Salary

Originally Posted by Unregistered

Ok, I will tell my kids to do either creative arts or become an Insurance Agent then.

How about become a politician as suggested by OP? Good pay and absolute power if it tickles your fancy.

Originally Posted by Unregistered

Ok, I will tell my kids to do either creative arts or become an Insurance Agent then.

Not everyone is good at selling or that creative to make it big as either though.

Originally Posted by Unregistered

Not everyone is good at selling or that creative to make it big as either though.

So what is your ultimate suggestion, really?

Originally Posted by Unregistered

So what is your ultimate suggestion, really?

Be prepared to accept most jobs are getting competitive and you are easily replaceable. Just accept being mediocre and stop lying to yourself and accept your place.

Originally Posted by Unregistered

Be prepared to accept most jobs are getting competitive and you are easily replaceable. Just accept being mediocre and stop lying to yourself and accept your place.

Being a politician is not easily replaceable, nor is it that competitive (think piss poor opposition). A regular Chinatown liti lawyer could be able to navigate the local political scene easily and make it a profitable venture. Much better than going to be some financial adviser.

Originally Posted by Unregistered

Another idiot who doesn't know what AI and all these other new technologies can and cannot do... If I see another article from some gungho B4 associate writing about the "range of exciting legal use cases for Blockchain" who thinks he's cutting edge I'm actually gonna puke

Well maybe not now but the newbie lawyers 5- 10 years from now should be very worried. The lawyers in the industry now are pretty safe for the most part.

With how penny pinching the Big 4s are I imagine they would be more than happy to stop having new associates if it means A/I can replace them. Let natural attrition do its job and they don't even have to go ahead and retrench people.

Originally Posted by Unregistered

Well maybe not now but the newbie lawyers 5- 10 years from now should be very worried. The lawyers in the industry now are pretty safe for the most part.

With how penny pinching the Big 4s are I imagine they would be more than happy to stop having new associates if it means A/I can replace them. Let natural attrition do its job and they don't even have to go ahead and retrench people.

Whatever can happen in 5-10 years time will also affect other industries.
So I’ll not be too worried. Most industries will suffer similar problems with the rise of AI, autonomous vehicles, and intelligent automation.

What I’m more worried is with the current juniors - those with anything from 0pqe to 7pqe.
Unless you’re a BD king which most 0-7pqe are not, what we are doing are “production worker” kind of job. We turn the files, get the file moving, etc. those are really at risk of being automated.
So what should you do? I guess be very prudent and save if you’re able to earn your $3.5-7k salary now. Save every penny. Be as prudent as possible.
If indeed as the OP said there will be structural unemployment, at least you would have enough savings.

6 months into its incorporation, Clarence Lun is still posting job ads on Lawsocietycareers stating that his firm wants to "be listed on legal 500 and chambers and partners in the first year of incorporation". Anyone knows how's progress on that? Has Fervent submitted its application ?

Originally Posted by Unregistered

6 months into its incorporation, Clarence Lun is still posting job ads on Lawsocietycareers stating that his firm wants to "be listed on legal 500 and chambers and partners in the first year of incorporation". Anyone knows how's progress on that? Has Fervent submitted its application ?

What's with the hate? They rejected you ah?

Seriously whats this forum's obsession with clarence lun? at least he has the balls to start his own practice. what about you guys?