Lawyer Salary

Originally Posted by Unregistered

so apparently one of the "big 5" just announced its new payscale and... it's not "big 5" at all LOL

Ahhahahahhahahahahahahhahaha

Originally Posted by Unregistered

Tiagong is 6.4k NQ.

Then Rodyk's is solidly within the new Big 4 scale what, albeit at the lower bounds.

Based on a comment couple dozen pages back consolidating the revised pay range for the Big 4s:

NQ 6.4 - 6.8
1PQE 7.4 - 7.8
2 PQE 8.4 - 8.8
3 PQE 9.8 - 10.4

The real question is whether the >1 PQE annual increments track the Big 4, or will a gulf invariably develop.

Originally Posted by Unregistered

Then Rodyk's is solidly within the new Big 4 scale what, albeit at the lower bounds.

Based on a comment couple dozen pages back consolidating the revised pay range for the Big 4s:

NQ 6.4 - 6.8
1PQE 7.4 - 7.8
2 PQE 8.4 - 8.8
3 PQE 9.8 - 10.4

The real question is whether the >1 PQE annual increments track the Big 4, or will a gulf invariably develop.

Not Big 4 means not Big 4. Don’t throw smoke and squeeze blood out of stone.

Originally Posted by Unregistered

Not Big 4 means not Big 4. Don’t throw smoke and squeeze blood out of stone.

word. classic case of overpromising and underdelivering - not to clients but to assocs this time.

side note, how would anyone know the NQ payscale, considering 2022's NQs have yet to be called? as of the latest round of increments, only 1PQE and up would be public knowledge, right?

Originally Posted by Unregistered

Then Rodyk's is solidly within the new Big 4 scale what, albeit at the lower bounds.

Based on a comment couple dozen pages back consolidating the revised pay range for the Big 4s:

NQ 6.4 - 6.8
1PQE 7.4 - 7.8
2 PQE 8.4 - 8.8
3 PQE 9.8 - 10.4

The real question is whether the >1 PQE annual increments track the Big 4, or will a gulf invariably develop.

Yes a gulf develops. Heard 3 PQE in Rodyk paid less than 1k difference from Big 4 3 PQE or may even be lower so around 8.5k

Originally Posted by Unregistered

Not Big 4 means not Big 4. Don’t throw smoke and squeeze blood out of stone.

Rodyk was the first to implement a pay cut in 2020. "Big 5"

Hello, saw SMU is aggressively advertising its JD/LLM course in email, social media, search engines etc. Just wanted to check the market demand if it is really worth pursuing the course.

I am currently a data analyst at a local bank

Originally Posted by Unregistered

Yes a gulf develops. Heard 3 PQE in Rodyk paid less than 1k difference from Big 4 3 PQE or may even be lower so around 8.5k

Exactly. There is Big 4. And there is the rest.

Originally Posted by Unregistered

Hello, saw SMU is aggressively advertising its JD/LLM course in email, social media, search engines etc. Just wanted to check the market demand if it is really worth pursuing the course.

I am currently a data analyst at a local bank

I'm assuming you're asking about the JD? An LLM isn't a qualifying law degree.
Don't bother. The post a few comments above yours already informs what are the salary ranges you can expect for the top 5 largest/highest tier local law firms, as a newly qualified lawyer. Not worth it.

I'd say your chances of landing a spot in the Big 5 law firm is around 40-50%? Fair chances. But these are good odds for undergrads that aren't saddled with financial and opportunity costs. Your position as a mid-career switcher is much different.

Just stay in your lane as a data analyst. Isn't that like hot commodity now? You'll be outearning many lawyers soon enough.

Tiagong “Big 5” MP sent loooong emails this morning on pay scale. Anybody can share?

Anyway, heard they do tiered pay scales now:

2021 call/PQE 1 : 6600 - 6900
2019 call/PQE 3 : 9,500

Got other info?