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That being said, if OP is interested I think no harm trying. After all, you never know if you don’t try, especially since the lateral market quite hot now.. I guess better than feeling miserable slogging it out everyday at a Big 4 firm? Be prepared though, US firms have billing requirements that range from 1800-2150. If you’re billing that much at a Big 4 firm already, then definitely start looking elsewhere. |
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So bear in mind either fch/2:1 and be prepared to compete with native English speakers in uk. |
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One interesting thing I noticed is that US firms in SG tend to be quite strict with docking your PQE but that isn’t really the same in London. There seems to be a lot more flex. It can even be argued SG candidates have an advantage against UK candidates. For eg if you are a 1PQE funds associate who trained in funds during his RLT + TC (or just TC if he studied locally), you can raise the argument that you have 1.5+ or 2+ years of total experience in funds work, and you’d be way ahead of a UK NQ candidate who would probably only have 6 + months experience in funds work (as they rotate seats every couple months). It’s quite shiok to only be a 1PQE SG associate but go to London and be a 1PQE associate as well, especially as US firms don’t have a NQ concept and you jump straight into first year. |
The primary reason why legal pay in SG has been stagnating in a stunted rate/increasing negligibly is because of the restrictions of foreign firms that can fully develop in the market. That’s why they have FLAs set up. Look at other common law jurisdictions (HK/AUS/UK), they have a liberalisation of foreign firms and hence local firms have to follow a certain pay grade as the salary market moves as a whole. There is nothing to entice SG local firms, which mainly dominate the SG legal market, to increase pay.
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Law is one of the few sectors that would benefit from more liberalisation, not less. Due to the high barriers to entry in terms of language and cultural fit, there's little threat of low wage ceca or other cheap third world lawyers coming in to replace locals. Conversely, the entry of angmoh firms will create more jobs for locals |
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Do the B4 do top notch corporate work? Yes. No one can dispute this. From my experience working with them, the B4 partners are on top of things and know their job very well. But this subject mater expertise rarely trickles down to the junior associates. You see a lot of them able to do their work very efficiently when the deal follows a conventional pathway, but the moment things get a little haywire or some loose bolt flies at them they get very panicked, cant bring out good ideas and have to check everything with their partners. The ones that have solid legal knowledge, good client management and can handle things on the fly - we usually comment internally that they wont be there long, and we are usually right. Those are the ones that make the jump to a US/UK firm 1 or 2 PQE in, and those are the ones that do well in the interview. But they are 1 out of 10 associates in the B4. |
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Someone earlier already posted about Latham hiring more Singapore lawyers. |
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