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  #12761 (permalink)  
Old 21-07-2021, 01:02 PM
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Its not lah. Speaking as a practising lawyer of >5pqe, as much as I've seen much more cmi foreign than local grads in the course of my short career, the low pay here is simply a function of the Singapore economy.

Law is a quaternary industry. We (lawyers) service the service providers (e.g. banks/FIs). Ultimately, the legal industry will only be as profitable as the underlying client base.

Singapore is nowhere near as big a financial hub as we think we are, compared to the alpha world cities. We are by no means a major equities capital market. Our private wealth sector is just starting to take off, and this isn't a big money spinner for law in absolute terms. We're only constantly led to believe we're a major financial hub because the southeast asian competition (KL, Jakarta, Manila, BKK) is so cui, relatively speaking.

The low pay in the industry is simply cos SG law firms are simply not profitable. And they're not profitable because the economy can't support it.

If you need an analogous reference, go find out how much an average Malaysian lawyer is paid. Then compare the size of the M'sian financial sector to that of Singapore's.
Lets face it, even the international firms know Singapore is in a decline due to a decade of mismanagement, hence they know to pay accordingly in Singapore (ergo, not much).

Much better prospects to set up shop in HK, Shanghai, Sydney.

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  #12762 (permalink)  
Old 21-07-2021, 01:57 PM
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Lets face it, even the international firms know Singapore is in a decline due to a decade of mismanagement, hence they know to pay accordingly in Singapore (ergo, not much).

Much better prospects to set up shop in HK, Shanghai, Sydney.
Mismanagement in what sense? Care to elaborate?

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  #12763 (permalink)  
Old 21-07-2021, 03:07 PM
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Hi, I am a student too. I am also curious about the current salaries for NQs listed by the above poster, as well as (4) Dentons Rodyk & Davidson LLP. Grateful for any advice. Thank you!
Fellow student here. Based on what I read from the posts so far, WKW and Dentons Rodyk & Davidson LLP pay slightly less or equivalent to B4. Can any seniors confirm if correct/ any changes?



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  #12764 (permalink)  
Old 21-07-2021, 04:17 PM
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A&G (2020)
NQ - 5.6
1PQE - 6.6
2PQE - 7.6
3PQE - 9.0

BMWL (2020)
NQ - 7.5
1PQE - 8.5
2PQE - 9.5
3PQE - N/A

DRD (2020)
NQ - 4.8 - 5.0
1PQE - 6.3
2PQE - 7.5
3PQE - 8.5

D&N (2020)
NQ - 5.8
1PQE - 6.4 - 6.8
2PQE - 8.0
3PQE - 9.2

R&T (2020)
NQ - 5.8
1PQE - 5.8 - 6.6
2PQE - 7.2 - 7.6
3PQE - 8.0 - 8.8 - 9.3

SLB (2020)
NQ - 5.4
1PQE - N/A
2PQE - N/A
3PQE - N/A

WP (2020)
NQ - 5.4
1PQE - 6.1
2PQE - 7.2
3PQE - 9.2

If you liked this post, please don't thank me. Instead, please reply to this post with some variation of
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"I am a damn f*cking stupid and lazy piece of sh*t, and I undertake never to reproduce in this lifetime or the next".
You're welcome.

P.S. BMWL is your new favourite category on PH. Try it. It's better than chicks with dicks.
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  #12765 (permalink)  
Old 21-07-2021, 08:48 PM
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A&G (2020)
NQ - 5.6
1PQE - 6.6
2PQE - 7.6
3PQE - 9.0

BMWL (2020)
NQ - 7.5
1PQE - 8.5
2PQE - 9.5
3PQE - N/A

DRD (2020)
NQ - 4.8 - 5.0
1PQE - 6.3
2PQE - 7.5
3PQE - 8.5

D&N (2020)
NQ - 5.8
1PQE - 6.4 - 6.8
2PQE - 8.0
3PQE - 9.2

R&T (2020)
NQ - 5.8
1PQE - 5.8 - 6.6
2PQE - 7.2 - 7.6
3PQE - 8.0 - 8.8 - 9.3

SLB (2020)
NQ - 5.4
1PQE - N/A
2PQE - N/A
3PQE - N/A

WP (2020)
NQ - 5.4
1PQE - 6.1
2PQE - 7.2
3PQE - 9.2

If you liked this post, please don't thank me. Instead, please reply to this post with some variation of

You're welcome.

P.S. BMWL is your new favourite category on PH. Try it. It's better than chicks with dicks.
first useful post in ages, you have my upvote

on a side note, why does the other Drew and R&T pay more than AnG/WP despite the latter having ostensibly more corporate work?
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  #12766 (permalink)  
Old 21-07-2021, 09:41 PM
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Originally Posted by Unregistered View Post
A&G (2020)
NQ - 5.6
1PQE - 6.6
2PQE - 7.6
3PQE - 9.0

BMWL (2020)
NQ - 7.5
1PQE - 8.5
2PQE - 9.5
3PQE - N/A

DRD (2020)
NQ - 4.8 - 5.0
1PQE - 6.3
2PQE - 7.5
3PQE - 8.5

D&N (2020)
NQ - 5.8
1PQE - 6.4 - 6.8
2PQE - 8.0
3PQE - 9.2

R&T (2020)
NQ - 5.8
1PQE - 5.8 - 6.6
2PQE - 7.2 - 7.6
3PQE - 8.0 - 8.8 - 9.3

SLB (2020)
NQ - 5.4
1PQE - N/A
2PQE - N/A
3PQE - N/A

WP (2020)
NQ - 5.4
1PQE - 6.1
2PQE - 7.2
3PQE - 9.2

If you liked this post, please don't thank me. Instead, please reply to this post with some variation of

You're welcome.

P.S. BMWL is your new favourite category on PH. Try it. It's better than chicks with dicks.
Auntie simi is PH
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  #12767 (permalink)  
Old 21-07-2021, 10:41 PM
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Originally Posted by Unregistered View Post
A&G (2020)
NQ - 5.6
1PQE - 6.6
2PQE - 7.6
3PQE - 9.0

BMWL (2020)
NQ - 7.5
1PQE - 8.5
2PQE - 9.5
3PQE - N/A

DRD (2020)
NQ - 4.8 - 5.0
1PQE - 6.3
2PQE - 7.5
3PQE - 8.5

D&N (2020)
NQ - 5.8
1PQE - 6.4 - 6.8
2PQE - 8.0
3PQE - 9.2

R&T (2020)
NQ - 5.8
1PQE - 5.8 - 6.6
2PQE - 7.2 - 7.6
3PQE - 8.0 - 8.8 - 9.3

SLB (2020)
NQ - 5.4
1PQE - N/A
2PQE - N/A
3PQE - N/A

WP (2020)
NQ - 5.4
1PQE - 6.1
2PQE - 7.2
3PQE - 9.2

If you liked this post, please don't thank me. Instead, please reply to this post with some variation of

You're welcome.

P.S. BMWL is your new favourite category on PH. Try it. It's better than chicks with dicks.
You are a legend. One of the most useful posts on the forum ever. You got the numbers at my firm spot on. Now if only someone could do this with international firms as well..
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  #12768 (permalink)  
Old 21-07-2021, 11:29 PM
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Thought BMWL had increases recently?
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  #12769 (permalink)  
Old 22-07-2021, 09:34 AM
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The most useful post in about 2 years lmao

Shocking that DRD's NQ salary is so grossly sub par.

That's even worse than some midsized firms. I thought they're the biggest outside the B4 and international tie-up to boot.
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  #12770 (permalink)  
Old 22-07-2021, 09:44 AM
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You are a legend. One of the most useful posts on the forum ever. You got the numbers at my firm spot on. Now if only someone could do this with international firms as well..
I second this. You are the best
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