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Unregistered 23-02-2023 07:35 PM

Quote:

Originally Posted by Ivy Law (Post 240926)
I am a PQE 3 lawyer, who is specialised in civil and commercial litigation.

I am thinking of setting up my own chinatown 1 man law firm.

Anyone here has done so? Is it likely for me to make more money than being employed by big4?

I looked at my billables and I generated alot of money for the firm. However, I only get paid a small fraction of it.

If I go out on my own, is it very hard to find clients?

I have seen lawyers clandestinely handing out their name cards to applicants at community pro bono centers even though doing so is prohibited. Some of these centers pay a decent honorarium (250 - 350 for 2.5-3 hours?). I guess that's a way of building one's books?

Ivy law 23-02-2023 08:00 PM

Quote:

Originally Posted by Unregistered (Post 240996)
I have seen lawyers clandestinely handing out their name cards to applicants at community pro bono centers even though doing so is prohibited. Some of these centers pay a decent honorarium (250 - 350 for 2.5-3 hours?). I guess that's a way of building one's books?

If I get caught giving out name cards, what is the penalty? Will they report me to law society? It seems hard getting good paying clients at such places. Most of them are suckers looking for free legal advice.

I wonder if it is against professional conduct rules to pay referral fees to other small firms to refer their clients to me, assuming that these firms do not practice litigation?

Unregistered 23-02-2023 09:52 PM

Quote:

Originally Posted by Unregistered (Post 240980)
Honestly just go on linkedin and message any of them and they will be more than happy to chat. I am at one of those two firms and if someone messaged me and they were sincere I'd be more than happy to provide advice or even have a coffee.

Don't bluff leh you are from waste time firm Dentons

Unregistered 23-02-2023 11:53 PM

Quote:

Originally Posted by Unregistered (Post 240065)
Does anyone know what trainee/NQ pay at WithersKhattarWong is?

So low, trainee gets 7.5K, NQ 9K, even 5 yrs PQE still get less than 15K

Unregistered 24-02-2023 02:47 AM

Quote:

Originally Posted by Ivy law (Post 241004)
If I get caught giving out name cards, what is the penalty? Will they report me to law society? It seems hard getting good paying clients at such places. Most of them are suckers looking for free legal advice.

I wonder if it is against professional conduct rules to pay referral fees to other small firms to refer their clients to me, assuming that these firms do not practice litigation?

Not sure if they will report you to law soc apart from blacklisting you. But then again, most of these centers are run by employees/volunteers who defer to the lawyers, closing an eye whenever such things happen.

From my previous experience as a student volunteer several years back, some of these suckers wouldn't mind paying if they are roused up enough and the "estimated" costs fall within their budget. Guess this is the reason why some 20-30 PQE sole props are still actively involved in these projects.

Unregistered 26-02-2023 12:56 PM

Ashurst
 
is AshurstADT financing team better than big 4 in terms of work and pay? how much do trainees and NQs get paid? is their culture good?

Unregistered 26-02-2023 06:53 PM

Quote:

Originally Posted by Unregistered (Post 241146)
is AshurstADT financing team better than big 4 in terms of work and pay? how much do trainees and NQs get paid? is their culture good?

15k 10 char

Unregistered 26-02-2023 06:53 PM

what is nrf/ascendant trainee/nq pay?

Unregistered 27-02-2023 10:11 AM

Quote:

Originally Posted by Unregistered (Post 241171)
15k 10 char

Sounds quite low. This is less than NQ pay for Dechert / White & Case / Shearman / Milbank.

Don’t think i’ll accept

Unregistered 27-02-2023 04:55 PM

Quote:

Originally Posted by Unregistered (Post 241172)
what is nrf/ascendant trainee/nq pay?

10k since it is an intl firm hokay


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