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21-02-2023, 05:34 PM
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How to leave law for consulting/IB?
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21-02-2023, 09:59 PM
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Quote:
Originally Posted by Unregistered
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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Why not IRAS? Lots of IRAS lawyers go on to big4/baker after a few years.
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21-02-2023, 11:41 PM
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Quote:
Originally Posted by Unregistered
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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How do i know which US firms pay cravath rate , and which pay mid-atlantic?
JSKM
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21-02-2023, 11:46 PM
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Quote:
Originally Posted by Unregistered
How do i know which US firms pay cravath rate , and which pay mid-atlantic?
JSKM
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If you ask around enough, you'll find out. Only a few firms in Singapore pay Cravath outright - MoFo, Milbank, Cooley. The latter two require US qualification. The former - depends on practice area.
The rest of the US firms pay mid-Atlantic. Some of these US firms will bump you up to Cravath scale if you get US qualified and/or if you have proven yourself as capable in the firm (e.g. Dechert, L&W, Sidley, etc.).
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21-02-2023, 11:48 PM
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Quote:
Originally Posted by Unregistered
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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When talking about salaries across US / UK firms, it's always good to state at the outset whether, for UK firms, "NQ" refers to the Singapore or UK scale. No Singapore qualified NQ moving to a magic circle firm is going to get 14.5k.
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21-02-2023, 11:50 PM
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Quote:
Originally Posted by Unregistered
How to leave law for consulting/IB?
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Unless you have a business / economics / accounting degree, CFA, and/or actual experience in financial modelling, you're not moving into consulting or IB. Fat hope. Skillsets for law vs consulting / IB at the low level are completely different.
If you are dying to leave the profession, go pick up these skills and get an MBA.
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22-02-2023, 02:59 AM
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Thoughts on gateway law’s arbitration practice? Team looks pretty formidable vis a vis the international outfits.
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22-02-2023, 11:24 AM
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WOw the regret has never been stronger to be stuck in law
Quote:
Originally Posted by Unregistered
Unless you have a business / economics / accounting degree, CFA, and/or actual experience in financial modelling, you're not moving into consulting or IB. Fat hope. Skillsets for law vs consulting / IB at the low level are completely different.
If you are dying to leave the profession, go pick up these skills and get an MBA.
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22-02-2023, 01:46 PM
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Current smu student here, I would want to practice in the US. Is the only way to do that by getting a US LLM after I finish school at SMU?
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