Lawyer Salary

Hello all, anyone worked in Singapore Institute of legal edu before? (SILE) Any feedback? To join as a lawyer capacity.

Originally Posted by Unregistered

How are SUSS lawyers treated in the industry?

More regarded than non-oxbridge uk grads

PEP in the big5 has been on a steady decline ever since the international firms have been permitted to prsctice local law. The firms have been struggling to maintain PEP in the face of rising staff costs. This means existing asssocs have to work much harder and longer. It is simply unsustainable and there will be high turnover (just check out the career pages of the big5) because nobody wants to do the long hours for low pay thing slogging for the EPs.

There will be big changes in the local legal scene in the years to come.

Originally Posted by Unregistered

I'm thinking of psc legal scholarship

How much does psc legal scholars get paid for girls, fresh grad, first class honours?

PSC Scholars are all creme de la creme. The top 60 out of 15,000 JC kids each year. I would take it any day.

Based on linkedin, almost all the PSC legal scholars go to Oxbridge for undergrad, then Harvard for masters

Thoughts?

s://.straitstimes.com/singapore/courts-crime/lawyer-and-mp-christopher-de-souza-found-guilty-of-professional-misconduct-over-clients-suppression-of-evidence

Originally Posted by Unregistered

Thoughts?

s://.straitstimes.com/singapore/courts-crime/lawyer-and-mp-christopher-de-souza-found-guilty-of-professional-misconduct-over-clients-suppression-of-evidence

Maybe can join Clarence Lun new firm.

Originally Posted by Unregistered

PEP in the big5 has been on a steady decline ever since the international firms have been permitted to prsctice local law. The firms have been struggling to maintain PEP in the face of rising staff costs. This means existing asssocs have to work much harder and longer. It is simply unsustainable and there will be high turnover (just check out the career pages of the big5) because nobody wants to do the long hours for low pay thing slogging for the EPs.

There will be big changes in the local legal scene in the years to come.

To a certain extent, these echo the observations here:

:/.singaporelawwatch.sg/Headlines/making-the-case-for-singapore-law-opinion

Liberalization is the way to go to broaden the sector, create more competitive legal market for both clients and lawyers. Not protectionism.

If the way forward is the absorption or collapse of some unprofitable local firms, even large ones, then so be it.

I predict that at least half of the top 10 largest local firms will either merge with an international, or fold, in the next 5 years. And I mean full financial and partnership merger, not a JLV or FLA arrangement.

Originally Posted by Unregistered

To a certain extent, these echo the observations here:

:/.singaporelawwatch.sg/Headlines/making-the-case-for-singapore-law-opinion

Liberalization is the way to go to broaden the sector, create more competitive legal market for both clients and lawyers. Not protectionism.

If the way forward is the absorption or collapse of some unprofitable local firms, even large ones, then so be it.

I predict that at least half of the top 10 largest local firms will either merge with an international, or fold, in the next 5 years. And I mean full financial and partnership merger, not a JLV or FLA arrangement.

Interesting that it was co-authored by the managing partner of Ashurst's Singapore entity (and also a counsel from the japanese firm Mori Hamada & Matsumoto)

Apparently there's a 40-page full version of the article

Originally Posted by Unregistered

To a certain extent, these echo the observations here:

:/.singaporelawwatch.sg/Headlines/making-the-case-for-singapore-law-opinion

Liberalization is the way to go to broaden the sector, create more competitive legal market for both clients and lawyers. Not protectionism.

If the way forward is the absorption or collapse of some unprofitable local firms, even large ones, then so be it.

I predict that at least half of the top 10 largest local firms will either merge with an international, or fold, in the next 5 years. And I mean full financial and partnership merger, not a JLV or FLA arrangement.

I agree and to a certain extent I am hopeful it will address issues young lawyers have with the industry besides salary and fair comp - firm culture. Perhaps these merges may improve the sophistication of SG firms. The public berating, gaslighting and at a more general level how the firm operates internally that may have worked in the past is simply no longer attractive to the younger crowd.

Originally Posted by Unregistered

PSC Scholars are all creme de la creme. The top 60 out of 15,000 JC kids each year. I would take it any day.

Based on linkedin, almost all the PSC legal scholars go to Oxbridge for undergrad, then Harvard for masters

I have not dealt with any of these unicorns in private practice before. They are very rare? How do you get above info / from where??