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  #18231 (permalink)  
Old 11-11-2022, 09:39 AM
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Recession here. Hardening economy everywhere. Deal flows drying up

Best to be in a countercyclical practice area like liti / arbi, or insolv

Tio bo?
Nah. It really depends on skillset. Once the market settles a bit, deal flows might pick up as investors are looking for cheaply valued assets to acquire. This will in turn lead to more work in other transaction / corporate practice areas.

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  #18232 (permalink)  
Old 11-11-2022, 09:46 AM
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First to go will be those overpaid associates in Gibson Latham Kirkland Milbank etc etc

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  #18233 (permalink)  
Old 11-11-2022, 10:19 AM
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First to go will be those overpaid associates in Gibson Latham Kirkland Milbank etc etc
Heard Cooley and GunDett got layoffs. Any assocs based in SG affected?

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  #18234 (permalink)  
Old 11-11-2022, 01:01 PM
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How is it 'best' if you
got to work 12-18 hours a day
worked till 3 am printing bundles
7am reach office so you can be in court by 9am
get constantly scolded
while seeing your partners get all the credits
telling you that 'your turn will come'
You just brought back suppressed memories from before I made the switch to corp
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  #18235 (permalink)  
Old 11-11-2022, 02:10 PM
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Why is Simpson Thacher increasing base pay when the economy is not doing well?
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  #18236 (permalink)  
Old 11-11-2022, 03:25 PM
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You just brought back suppressed memories from before I made the switch to corp
Are those the reasons you switched to corp?

I almost never hear people switching from Corp to Liti. Is Corp easier than Liti?
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  #18237 (permalink)  
Old 11-11-2022, 08:33 PM
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Default 36B partner

I find my 36B partner very difficult to deal with. How can I mitigate my agony
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  #18238 (permalink)  
Old 11-11-2022, 10:21 PM
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Talking

freshie intl law firm lawyer (NQ-1 PQE) pay £150k-£170k ; USD 200k! Trainee pay £50-60k!

Sinkie firm, RHT Trainee pay $0!

In our sunny island, you will never be outta a job! RHT will absorb you at a great reduction to your intl firm pay thanks to charitable management.

RHT will even keep the arrangements private. DRD will punish you if you disclose your pay.

Huat ah! Sinkie firms savings many many!
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  #18239 (permalink)  
Old 11-11-2022, 11:49 PM
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freshie intl law firm lawyer (NQ-1 PQE) pay £150k-£170k ; USD 200k! Trainee pay £50-60k!

Sinkie firm, RHT Trainee pay $0!

In our sunny island, you will never be outta a job! RHT will absorb you at a great reduction to your intl firm pay thanks to charitable management.

RHT will even keep the arrangements private. DRD will punish you if you disclose your pay.

Huat ah! Sinkie firms savings many many!
Slogging it out in a small or mid tier Sinkie law firm on paltry $6K $7K $8K pay is really one of the dumbest things you can do. The only upside to working in a B4, also sweatshops, is the shot at better exit options to international firms.

A small or mid tier local firm provides you no such opps. If you ever find yourself in one of these outfits, GTFO as soon as you can. The effort-to-reward ratio is simply not worth it. You can get much better lifestyle in other non-high-flyer corporate jobs for the kind of paltry pay mid tiers are paying their lawyers.
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  #18240 (permalink)  
Old 12-11-2022, 12:30 AM
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Slogging it out in a small or mid tier Sinkie law firm on paltry $6K $7K $8K pay is really one of the dumbest things you can do. The only upside to working in a B4, also sweatshops, is the shot at better exit options to international firms.

A small or mid tier local firm provides you no such opps. If you ever find yourself in one of these outfits, GTFO as soon as you can. The effort-to-reward ratio is simply not worth it. You can get much better lifestyle in other non-high-flyer corporate jobs for the kind of paltry pay mid tiers are paying their lawyers.
Agreed. Employees please start pushing this narrative and stop letting these small, mid and even b4 take advantage of junior employees. Granted SG overall has a smaller pie to go around compared to our counterparts in other jurisdictions, the disparity is unjustifiable. It might be counter-intuitive to push back on offers made to you all as a junior, who are lowkey desperate to take on any offer, but please bear in mind that you are entitled to negotiate. Negotiating doesn’t jeopardise your offer and if it does, the company isn’t worth working for anyways to begin with.
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