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  #12441 (permalink)  
Old 28-06-2021, 12:20 PM
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No need b4 tc, a certain partner at a smaller outfit published a monthly salary of 150-200k. The old timer really got it easy with the gravy train
Not monthly salary $150-200K lah. Doesn't work that way.

He said his book is $2M per annum and monthly collections $150K to $200K lah, and the firm is taking > 50% cut.

$166K per month collection is reasonable, so the $2M figure seems plausible also. If so, let's assume his take home is 45% (firm takes 55%).

Means his annual take home is about $900K. But no CPF included / must self-contribute CPF, since equity partners are self employed.

Seems very reasonable for a senior lawyer in a small firm.

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  #12442 (permalink)  
Old 28-06-2021, 01:03 PM
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Not monthly salary $150-200K lah. Doesn't work that way.

He said his book is $2M per annum and monthly collections $150K to $200K lah, and the firm is taking > 50% cut.

$166K per month collection is reasonable, so the $2M figure seems plausible also. If so, let's assume his take home is 45% (firm takes 55%).

Means his annual take home is about $900K. But no CPF included / must self-contribute CPF, since equity partners are self employed.

Seems very reasonable for a senior lawyer in a small firm.
Many big 4 partners dont have 2m book, not even 1m

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  #12443 (permalink)  
Old 28-06-2021, 01:12 PM
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Many big 4 partners dont have 2m book, not even 1m
LOL idk what you smoking, all the equity partners in my B4 corp department bill over 5m a year easy.

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  #12444 (permalink)  
Old 28-06-2021, 02:28 PM
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LOL idk what you smoking, all the equity partners in my B4 corp department bill over 5m a year easy.
ya lor talk cock. anything less sure kena kicked out long ago by other partners for slacking
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  #12445 (permalink)  
Old 28-06-2021, 03:01 PM
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ya lor talk cock. anything less sure kena kicked out long ago by other partners for slacking
Thats why. International law firms need 10 to 12m to even have a whiff at equity.


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  #12446 (permalink)  
Old 28-06-2021, 03:02 PM
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ya lor talk cock. anything less sure kena kicked out long ago by other partners for slacking
The equity spread for big law firms is very wide. The top partners with the most equity points make a lot more than the junior EPs. plus junior EPs need to make upfront contribution to buy in.

So even if they're billing a good $2M annually, they may be taking home less than an EP in a small firm in the initial years.

In smaller firms, EPs have more leverage to nego greater profit sharing proportion.
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  #12447 (permalink)  
Old 28-06-2021, 03:20 PM
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The level of ignorance here really never fail to amaze me:

Big 4 partners $5-6M billing per head? You kidding who?
International law firm $10-12M billing per head? You kidding who?
Do you even have friends who are such partners?
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  #12448 (permalink)  
Old 28-06-2021, 03:50 PM
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The level of ignorance here really never fail to amaze me:

Big 4 partners $5-6M billing per head? You kidding who?
International law firm $10-12M billing per head? You kidding who?
Do you even have friends who are such partners?
Those figures are possible - if and only if - we are talking about combined team's billings. Means the billings of the EP and all under his headcount.

That may be what the above posters mean.

Some departments/teams are really that profitable.
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  #12449 (permalink)  
Old 28-06-2021, 04:36 PM
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1 pg miti - $3,000, do 1/week
1 month - 4 weeks - 4 pg miti - $12,000
1 year - 12 months - $144,000
after kena tax - $112,320
tengah 5rm bto - $350,000

work for 3 years doing 1 miti plea a week can buy big2 space to habe secks liao

ur all trash, bow before the supremacy of the chinatown sole prop. who says crime doesnt pay
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  #12450 (permalink)  
Old 28-06-2021, 04:47 PM
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1 pg miti - $3,000, do 1/week
1 month - 4 weeks - 4 pg miti - $12,000
1 year - 12 months - $144,000
after kena tax - $112,320
tengah 5rm bto - $350,000

work for 3 years doing 1 miti plea a week can buy big2 space to habe secks liao

ur all trash, bow before the supremacy of the chinatown sole prop. who says crime doesnt pay
your Cs in English O levels definitely didnt...
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