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That said, it is not too late to start researching. Lots of resources out there. Chambers student is a good resource even though it is UK-centric, so glean the general points that are not jurisdiction specific: ://chambersstudent.co.uk/practice-areas |
I often see people transfer from litigation to corp, but not the other way round.
Any reason? |
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Litigation has more time pressures due to court deadlines, and more direct "results" such as whether you win/lose, which means you get shouted at more, whereas for Corp you can coast by since the document will be reviewed 10s of times before everything is done, and can be slowly amended (most of the time). Even if you screw up, the Company hiring you might not know till 10s of years down the road, by that time you're pretty safe lol. The clients that hire you are usually arguing over money, meaning that they will not be keen to spend too much money unless you're super good. You also need to think on your feet alot more than corp (while copy-pasting skeletal structures exist, you still need to think up the relevant arguments for each individual case). Therefore, if you're burned out, or if you're not that good a lawyer, you can go to Corp and chill out, akin to people moving in-house. Most corporate lawyers don't go to liti, because if you're burned out from Corp you definitely can't handle Liti, and you have more exit opportunities in-house anyway. |
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Is your corporate law experience from drafting wills in Chinatown firms? |
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Additionally, if you're good at Corp, you have more chance to join int firms which are generally barred from conducting SG-based litigation through licensing issues in SG unless they have local partners (not that they want to do local liti anyway since the value is usually smaller than their int markets like UK US). |
I see lawsociety careers listing site, almost daily there are litigation openings, but seldom on corp.
If it is true that litigation is tougher, for the same salary should I apply to do corp instead? |
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Think about it: the lowest end of the corp law market is simple contract drafting/review. You can charge your SME boomer client $5K for reviewing a simple SPA or franchise agreement that your associate can review in < 5 hours and you take 0.5 hrs to cursorily check. BAM, close file and bill. EzPz. Rinse n repeat. The lowest end of liti market is doing car accident claims for taxi drivers or some stupid slip and fall claim by some boomer auntie. After 5 months of ping-pong with the defendant or insurer lawyers, countless adjournments in court, getting scolded by the judge, chased by the client for being so slow, maybe even going all the way to trial n slogging it out with trial prep, your party-and-party costs are what? $5K plus disbursements. Total joke. My advise to junior lawyers is: if u arent good enough to join a big firm doing sophisticated corp or liti work, the only other tolerable option is to join a boutique firm doing corp/real estate. Basically some cushy transactional area. Doing liti in sh*tlaw chinatown firm is just asking to be underpaid n miserable. Best to stay away or go in-house entirely. |
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