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Academia definitely pays less than private practice, but it is still a decent pay that allows you to enjoy a comfortable lifestyle (car, condo, annual vacations, etc). Not everything is about money. As an academic, you get far better work life balance, you get to pursue your intellectual interests, and you get to mould the lawyers, judges and politicians of tomorrow. You fly around the world presenting papers at conferences, you have leisurely lunches with colleagues and students discussing issues of the day, and newspapers call you up asking you for your esteemed opinions. It is actually a very cushy job, and one that is available only to the top students of a cohort (who could easily have joined any big firm if they wanted to). Honestly, a law professor would probably have far better self-esteem than the average lawyer. |
Can I just ask if you are studying at SMU?
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sounds like NTU. poly lecturers definitely are having cushy jobs.
in unis, you have quotas to meet, as management wants to squeeze as much research papers out of you as possible to up their world rankings. |
Here's some real world data for you guys. This is my fourth year as a lawyer, I am working at a foreign law firm, and my monthly pay is 12k.
BUT My boss owns my soul. 14, 16 hour work days, weekends burnt, only have time to eat and sleep. And sometimes not even that. |
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I have recently finished my national service and i'm currently contemplating on furthering my studies in the UK. I've received offers from recognized universities to read law there. My A level grades were above average but not good enough to enter the law faculties or courses related to the top professions.
I am also about to finish my ACCA qualification which i studied part time, I really like accounting but the general consensus in Singapore is that a degree is of paramount importance to secure a bright future. I am also keen on joining the civil service, this puts me in an even more difficult position as my divisional grading is determined by the qualifications I have. The question is do erstwhile accountants perform well in the legal profession? Would law firms specializing in M&A, equity and trusts and Tax see a person possessing accounting knowledge in a brighter light? What other areas do accountants-turned-lawyers practice in? And is there any potential conflict of interests I should be aware of due to my dual capacity as accountant and lawyer? Your advice would be greatly appreciated! Thanks. |
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Another advice, though redundant as it seems, is to do well in your undergraduate studies. I may be wrong, but if I read correctly, I think your family can afford to sponsor your foreign studies for the next 4-5 years. So don't waste this opportunity. Do well in the foreign uni, then get into a top tier grad school for 1 or 2 more years. And start your career with a top tier MNC or law / accounting firm. I assure you this will be the best gift you can give yourself and your family. |
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My sincere advice again: Don't join. Go overseas and study hard. Good luck. |
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Yeah but Singapore is expensive really, a screwdriver costs US$ 7.50 in australia (which i thought was really expensive) but its S$ 18 for a tequila shot in Orchard towers !!! But to be fair, u guys got one kick ass casino which actually gives u money to party (i got lucky at a roulette table and made 900 on a 25 bet. :) but seriously wht r the prospects of a law graduate from another country who does a 1 yr course in S'pore ????
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pay of civil servants
hi, does any one know what the pay of civil servant lawyers (specifically, within the legal service commission as dpps, ass. registrars or wtv) is? for scholars and for non-scholars? how much does this differ in the long run from my career trajectory in the private sector?
i was lucky to do well enough in a levels to be offered places in top uk unis (lse, ucl, cambridge etc.), and am thinking whether or not i should join the civil service or just come back and try for a job at the big firms..... obviously, i am considering other factors e.g. worklife balance, job satisfaction and security etc, but still a bit confused la. help will be very much appreciated =) |
help pls?
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i was lucky to do well enough in a levels to be offered places in top uk unis (lse, ucl, cambridge etc.), and am thinking whether or not i should join the civil service or just come back and try for a job at the big firms..... obviously, i am considering other factors e.g. worklife balance, job satisfaction and security etc, but still a bit confused la. help will be very much appreciated =) |
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Well, I was not an A-Level student, only with a Diploma. I managed to get into a University in UK and gotten 2nd upper class LLB. I think armed with an accountant background, your starting pay as compared to your peers would be higher. My ex colleague had some sort of a corporate background and he confessed that his starting pay at the law firm was higher than his peers, even though his corporate background was somewhat irrelevant to the type of law he was practising! |
If you are willing to break the law, you will probably earn much more!
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Its comforting to know that my accounting knowledge will not go to waste. I really do like tax, so I'm hoping to work in the legal department of IRAS after I graduate. If that option is not open to me, I'll probably would like to practice tax law at one of the law firms. I'm not intending to stay working in the government for life, because my long term goal is to form my own boutique accounting cum corporate law firm, offering audit, tax and legal services all at one place. But I'm not very sure of the legal implications if i do that so I'll work at IRAS first and see how it goes. I've made up my mind on my university choice and I'll be going to the University of Leicester this September. TBH I'm feeling little anxious when I think of leaving my comfort zone here in Singapore. There's going to be a drastic change in lifestyle. I have to prepare all my own meals, I fear I might end up ordering lots of fast food in the end. Did you enjoy yourself while you were there? |
Hi, in reading this thread i notice the word "rich" used quite often.
May I ask then is a 54 yr old GP with a net worth of 15 million sgd considered rich? |
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Of course, if you want to keep your options open, then you will have to fork out a huge sum to go overseas and study, or alternatively, you can just study in NUS/SMU. The law firms don't care whether you have an Oxbridge degree or NUS/SMU degree as long as you did decently in law school. If you are aiming higher than that (international firms/London/NY), then it's a completely different story of course. |
I am an American JD and would like to move and practice law in Singapore. From my understanding I can't sit on Singapore bar unless I attend school there. What type of degree would I need? Upon completion of that degree, would I be able to secure employment in Singapore? Is there any discrimination against white people, professionally or otherwise?
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"Is there discrimination against white people, professionally or otherwise?" It depends on who you talk to and how you view it. Generally, the government here discriminates against its own citizens in many respects, and has sing the "foreign talent" tune for more than a decade. The term "foreign talent" itself connotes discrimination. Think about it. Search our newspaper archives for evidence. Newspapers As for the public, white people often come across to them, as smarter, more articulate and better looking. Most of them have a penchant for all things western. They look down on their own kind. Welcome to Singapore! You'll live like a king here. |
The term "foreign talent" implies "local idiots". All locals here are idiots! Hahahahaha...
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Man in road rage incident is high-ranking RBS exec Wonder what would've happened if it were an uneducated ah beng doing the road rage. There was also this pub incident which a few ang mohs caused grievous injury to some local guys. Court seems to be dragging its feet in this case... Totally agree that government discriminates against locals. I wanna migrate to Australia and come back here as a "foreign talent"! |
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In fact, the Singapore government has just acknowledged it and the front page (no less) of today's national papers reads: "the Government has sent a strong signal to employers that Singapore will not stand for foreign managers who hire and promote their own kind, at the expense of qualified local candidates." The government used to say "foreigners create jobs for Singaporeans" and now it's singing a totally opposite tune. It means the discrimination must be very serious indeed. Moreover, it's quite a shameful thing to admit that there's reverse discrimination in Singapore - which is unheard of in other developed countries. It says much about how the government, the civil service, the unions and all related agencies have been so overly pro-foreigners in the past. Today, we become the laughing stock of the world. ImageShack® - Online Photo and Video Hosting |
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http://i43.tinypic.com/10x4hur.jpg |
All you guys wronging!!!
You all no talking many many...The relli rich are the academy/institute..Haha MAI Sue me hor!!!! |
Let me bring life to this old thread by giving some real world data.
I am in my 6th year of this profession, just been made a salaried junior partner in a medium sized local firm. Average pay is about 10k a month not including bonuses, and there is no CPF (apparently partners are considered self-employed). My boss doesn't own my soul, but my hours are erratic, on occasion working 12-16 hours a day (not always). I am sure that my peers in bigger firms are earning 1.5 times more, but they are also probably working longer hours. |
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Nevertheless, if this is the 6th year of work since graduation from uni, it's still a great salary! |
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associates' salaries today
can anyone shed light on how much a fresh grad can expect to be paid now? what is the monthly salary and the average number of months of bonus? and also what are the rates for the big 4, versus the mid-tier firms, and finally the small/third-tier firms?
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bump for replies. interesting thread
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some mid tiers can match the big 4, i would expect median to be 4.5k with similar range of bonus for small firms, median should be 4k, with similar range of bonus disclosure: i have only worked in big 4 so my info on mid and small are educated guesses, pls feel free to correct |
do those in the legal service go through part A/B exams like everyone else?
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