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  #18891 (permalink)  
Old 19-02-2023, 10:40 AM
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Proof that ppl here do not know what they are on. A new EP in B4 can easily pull in between 600k to as high as 1 plus million, depending on their seniority as well.
This is correct - with emphasis on the equity part.

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  #18892 (permalink)  
Old 19-02-2023, 03:15 PM
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Am an NQ from disputes jumping into tax practice, after having some thought on how picking an area of specialisation would help. Going to a small tax outfit instead of the big names out there - any advice on the timeliness of my move? I took a paycut of SGD1k for this jump and am going for a month long break because of burnout with my soon to be ex boss, a bit worried about whether my departure from disputes appears too rushed. New firm boss is older and slower (as much as I could glean from the interview) but his assocs all leave due to the low pay. (I took it because I really want to train in tax as an NQ....)

Any views on tax practice in SG? Is it a better idea than disputes?

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  #18893 (permalink)  
Old 19-02-2023, 08:16 PM
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how much does linklaters pay in sg for a 0 pqe

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  #18894 (permalink)  
Old 19-02-2023, 11:30 PM
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Am an NQ from disputes jumping into tax practice, after having some thought on how picking an area of specialisation would help. Going to a small tax outfit instead of the big names out there - any advice on the timeliness of my move? I took a paycut of SGD1k for this jump and am going for a month long break because of burnout with my soon to be ex boss, a bit worried about whether my departure from disputes appears too rushed. New firm boss is older and slower (as much as I could glean from the interview) but his assocs all leave due to the low pay. (I took it because I really want to train in tax as an NQ....)

Any views on tax practice in SG? Is it a better idea than disputes?
Oh dearÖ moving to a tax practice is a bad idea. And moving to a tax practice at a really small firm with low pay is a really bad idea. I would recommend that you plan your exit ASAP unless you are being groomed as the protege to take over your new bossí business (provided he has a good book of business).

Very few full service law firms in Singapore do tax. The reason for that is that tax planning and advice are being given by your big 4 accountancy firms at much lower price/greater efficiency. For real legal tax queries, they are being handled by your international practices in Singapore like Baker. Your big 4 firms like WP do have a tax department, but they are typically seen as a tag-along department thatís not particularly profitable.

You need to know that tax is an ancillary practice area that feeds off other practice areas. For instance, M&A - if you have a huge M&A deal, the tax department would typically be consulted on the specific tax law points.
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  #18895 (permalink)  
Old 20-02-2023, 05:32 PM
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Am an NQ from disputes jumping into tax practice, after having some thought on how picking an area of specialisation would help. Going to a small tax outfit instead of the big names out there - any advice on the timeliness of my move? I took a paycut of SGD1k for this jump and am going for a month long break because of burnout with my soon to be ex boss, a bit worried about whether my departure from disputes appears too rushed. New firm boss is older and slower (as much as I could glean from the interview) but his assocs all leave due to the low pay. (I took it because I really want to train in tax as an NQ....)

Any views on tax practice in SG? Is it a better idea than disputes?
Tax has always been a niche area in SG and the community is small. has good in-roads into parallel practice areas such as funds / private client / trade, and with BEPS2.0, maybe some international tax practice work as well in the coming years. Not ideal if your end goal is in-house practice.
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  #18896 (permalink)  
Old 20-02-2023, 07:04 PM
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Do SG law firms do layoffs in a bad economy or just salary freezes?

I know that US firms do cut entire batches of associates. Haven't really heard of that in SG firms apart from the salary slashing back during the 2015-2017 period.
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  #18897 (permalink)  
Old 20-02-2023, 09:31 PM
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how much does linklaters pay in sg for a 0 pqe
Heard its NQ is approx 14.5k, which is magic circle rate.

Lower than the US firms which give cravath rate (24.5k starting) or mid-atlantic (17k starting).

But still higher than silver circles which start 11k.
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  #18898 (permalink)  
Old 21-02-2023, 12:01 AM
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Wish to jump to A&G from a small firm. Currently serving my probation, is it an unsaid rule in the industry to serve 1+years before jumping if not it wont look good on CV?
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  #18899 (permalink)  
Old 21-02-2023, 11:49 AM
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Am an NQ from disputes jumping into tax practice, after having some thought on how picking an area of specialisation would help. Going to a small tax outfit instead of the big names out there - any advice on the timeliness of my move? I took a paycut of SGD1k for this jump and am going for a month long break because of burnout with my soon to be ex boss, a bit worried about whether my departure from disputes appears too rushed. New firm boss is older and slower (as much as I could glean from the interview) but his assocs all leave due to the low pay. (I took it because I really want to train in tax as an NQ....)

Any views on tax practice in SG? Is it a better idea than disputes?
Itís not ideal to train at a tax practice in a small firm. Most tax related work are being done by big 4 accountancy firms at a fraction of the cost, and for the more complex legal tax matters, they are being done by a select international firms (e.g. baker). Would recommend that you pivot out of tax asap.
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  #18900 (permalink)  
Old 21-02-2023, 11:54 AM
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I know I am a good lawyer, and I was born for this cause, to present arguments persuasively, powerfully and eloquently. The more high profile the case is, the higher the value and quantum in dispute, the more excited I am, because I can pit myself against the best. Through it all, I felt that I lost so much. I have built fervent chambers into a top 5 boutique law firm in Singapore, I was a leading name in a number of practices of law, and I had everything going for me up until the suspension.

If anyone wants me to give his expertise and professionalism to your high quantum arbitration matter, please feel free to reach out to me anytime. I am now a leading arbitrator that will be ranked in Legal500 and Chambers in times to come.
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