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  #12861 (permalink)  
Old 26-07-2021, 01:48 PM
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Also note that if you resign, some firms stop the front load so during your notice your pay will actually be lower.
why? Isnt front load a constant pay?

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  #12862 (permalink)  
Old 26-07-2021, 01:54 PM
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why? Isnt front load a constant pay?
No, it's a bonus component so it's technically variable.

Non-payment of bonus during notice period is quite standard for B4.

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  #12863 (permalink)  
Old 26-07-2021, 02:04 PM
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Thatís why we alr said if you compare big 4 and BMWL - which to go is a no brainer.

One pays you a base of 7.5

One pays you a base of 4.5 frontload ~1.5

The small firms pay you a base of 4.5 but if the firm does well financially you get 4-5 months. So same as b4, but for better hours

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  #12864 (permalink)  
Old 26-07-2021, 03:42 PM
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Thatís why we alr said if you compare big 4 and BMWL - which to go is a no brainer.

One pays you a base of 7.5

One pays you a base of 4.5 frontload ~1.5

The small firms pay you a base of 4.5 but if the firm does well financially you get 4-5 months. So same as b4, but for better hours
You're forgetting exit options. It's easier to jump to international firms and inhouse counsel roles with B4 on ur CV, which still carries some brand name and is widely regarded as a good training ground, at least for corp.

A small firm doesn't open that many doors and you would be seriously disadvantaged compared to the legion of B4 associates also looking to move around the same time.
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  #12865 (permalink)  
Old 27-07-2021, 10:01 AM
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You're forgetting exit options. It's easier to jump to international firms and inhouse counsel roles with B4 on ur CV, which still carries some brand name and is widely regarded as a good training ground, at least for corp.

A small firm doesn't open that many doors and you would be seriously disadvantaged compared to the legion of B4 associates also looking to move around the same time.
some hiring managers in MNCs won't shortlist you if you don't have B4/intl firm experience
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  #12866 (permalink)  
Old 27-07-2021, 04:28 PM
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why? Isnt front load a constant pay?
It's constant insofar as you stay in the firm (i.e. they aren't going to claw it back at the end of the year for "poor performance" or if they give you a "low bonus").

The way the bonus works is that you are "guaranteed" (unless you quit) x mths of bonus a year, that is frontloaded into your salary. And at the end of the year you get a discretionary y mths of bonus. Ignore the x mths of bonus (that's just your salary calculated another way for their benefit).

Essentially, it just allows the firm to get away with paying a "lower" bonus since a 6-7 mth bonus is actually 2-3 mths, as about 4 mths have been "frontloaded" into your salary throughout the year. Additionally, your 2-3 mths bonus is not even as high as you expect, since the bonus is based on "un-frontloaded" salary. It also allows firm to clawback your frontloaded "bonus" component of your salary if you choose to quit (since the bonus is contingent on you staying for the full quarter/mid-year/year).
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  #12867 (permalink)  
Old 27-07-2021, 08:48 PM
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Seems like the only conclusion from the above posts are there its not worth joining a sg firm
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  #12868 (permalink)  
Old 27-07-2021, 09:31 PM
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Seems like the only conclusion from the above posts are there its not worth joining a sg firm
agree. London better.
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  #12869 (permalink)  
Old 27-07-2021, 10:00 PM
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Seems like the only conclusion from the above posts are there its not worth joining a sg firm
i mean if u can join an int'l firm then of cos better la. the majority of people can't so suck thumb lor

Aiya anw you chose this path. lawyering is far from the best job in terms of effort-to-reward ratio, everybody knows that. u can hv a much better or more lucrative life doing other things

some jobs dont need to put in that many hours but you need to compete in other ways, like sucking up to the right ppl, wayanging playing office politics and tai-ching away work

other jobs like sales, you can get by if you're a smooth talker and know how to schoomze with various ppl. best industries r those u can do jack all and full of not so bright chiobus in the same industry u can trick into getting urself laid

at the junior level, law demands a certain kind of personality that requires u to suck it up or quit, and hang around highly strung plain-Jane nerdy girls to boot
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  #12870 (permalink)  
Old 27-07-2021, 11:17 PM
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some hiring managers in MNCs won't shortlist you if you don't have B4/intl firm experience
Interned as a recruiter before. Can confirm this.
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