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  #14441 (permalink)  
Old 29-10-2021, 06:57 PM
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After A&G pay raise, any other big 4s following suit?

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  #14442 (permalink)  
Old 29-10-2021, 07:12 PM
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After A&G pay raise, any other big 4s following suit?
To be honest, even with the raise, b4 salary is still 1/3-1/2 of international firms. Its a joke

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  #14443 (permalink)  
Old 29-10-2021, 07:23 PM
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Despite much derision from this group I have a KCL FCH. The rest of the legal world doesn't even know what NUS or SMU stand for.
Maybe he means Kerala College of Legalese of the Hon'ble Sarkar

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  #14444 (permalink)  
Old 29-10-2021, 08:37 PM
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I was the one who wrote the long post criticizing the 21k salary OP (I have also asked around and there was no such KCL FCH from a B4 financing team).

I didn't do it out of bitterness. I am a big fan of people openly sharing and helping each other with tips on how to survive and navigate shitty bosses and hiring and all that - this industry needs more transparency. And because of that, I detest when people come onto this forum and start (under the guise of anonymity) spewing ******** about fantastical salaries and job opportunities which just make people feel like they're doing worse than they should.

If I cant get that international firm job which pays triple my salary and I feel bad about it - that's my own problem to work on. But when the job itself is just made up, then the asshole who made it up is at fault. Junior associates need to know their value and they should want to work for better, but they should not be made to feel like they're under-performing because of a fictitiously skewed average.
People are free to feel whatever they want. If they canít be inspired by the feel good stories thatís on them. Truth is international firms are hiring SG lawyers and even if not US scale are paying more than local firms. If youíre gunning for EP in a local firm, thatís fine. But if not, do right by yourself.
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  #14445 (permalink)  
Old 29-10-2021, 11:04 PM
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To be honest, even with the raise, b4 salary is still 1/3-1/2 of international firms. Its a joke
Agreed that B4, even after the ď17% raiseĒ, still gives out joke peanuts salary.

But on this point, any1 can share the NQ pay for US international firms in SG?
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  #14446 (permalink)  
Old 30-10-2021, 12:06 AM
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how do you guys make the move from Big 4 to international firm?

What is the salary jump?
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  #14447 (permalink)  
Old 30-10-2021, 12:36 AM
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After A&G pay raise, any other big 4s following suit?
So what are the big 4 salary scales now? Time for a revised updated table
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  #14448 (permalink)  
Old 30-10-2021, 01:42 AM
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Agreed that B4, even after the ď17% raiseĒ, still gives out joke peanuts salary.

But on this point, any1 can share the NQ pay for US international firms in SG?
Top US shops pay the new DPW scale
Cheapo US shops pay MC plus

What matters most however is how many years they are going to shave your PQE.

SG NQs wonít be hired by US shops - earliest probably 2PQE but they are likely to give you 1st year or less pay.
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  #14449 (permalink)  
Old 30-10-2021, 02:36 AM
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Read properly. Its junior lawyers, not NQ. I personally know of people who have jumped to firms like sidley and Jones day at around the 3pqe mark from big 4

You not good enough to be getting in doesn't mean it is not real
Black box pay scale. iykyk
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  #14450 (permalink)  
Old 30-10-2021, 02:38 AM
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The entire thing reads like a NQ assoc's paperback fantasy novel. From how out of touch the poster is with the realities of the market (I do believe him that he does financing from the little facts he gave), even if it was a B4 assoc I'd say it's prolly D&N or R&T banking - the lower tier B4 financing teams that are being repeatedly told that the international firms won't consider him if he's not from WP or A&G.

All the fantasy elements are there - "makes me quite mad which is why I left" - yes, totally, if the B4 team treated you well you would totally have given up the 21k salary and stayed

You look closer and the whole story is riddled with BS and inconsistencies

"left my B4 firm recently for an American shop and my gross pay is $21000" - You can ask any recruiter if they have ever heard of a 1 PQE on the SG scale getting $21k base from a US firm and they will laugh you out the door.

"I run smaller deals with the partner (1-1)/draft and negotiate finance docs/lead counsel negotiation calls etc." You have 1 year's experience and the partner is letting you lead counsel nego calls? LOL

"I moved jurisdictions" - What does that even mean? You working in the US now?

"US firms were keen on hiring juniors so they looked past me being 1PQE on the SG scale (though I trained for a year). I lucked out because Iím considered 1PQE on the UK scale and not a NQ" - you just said you are 1 PQE on the SG scale then suddenly you are considered 1 PQE on the UK scale? Which is it? The firm gave u a 2 year promotion cause u interview well, screwing over the rest of the assoc pool cause you're JUST that good right? Furthermore I thought you're working for an "American shop" - so why does your PQE on the UK scale matter? American firms dont have the 2 year training requirement so they dont factor that into recruitment.

Go back to drafting your account charges for your SME financings and stop dreaming LOL
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