Lawyer Salary

Originally Posted by Unregistered

Wow terrible salary considering the number of years needed (4 years of LLB+1 year of part B bar exam preparation+6 months of TC)!

I graduated with second lower from NUS CS, and already I got job offers in excess of $5000 a month!

Meanwhile, my peers who got first/second upper all got offers around the $7000/$8000 mark. Some guy even got an offer of $9000 a month at ByteDance

You do not need to take CS to earn $9000. Some grab drivers already said that they can do the same.

Taking law is like playing medusa in Dota 2. The early game is not fantastic, but you will farm up and pwn in late game. Taking CS is like playing zeus in early game, only good for first 10 mins, but he is trash for the rest of the game.

Originally Posted by Unregistered

You do not need to take CS to earn $9000. Some grab drivers already said that they can do the same.

Taking law is like playing medusa in Dota 2. The early game is not fantastic, but you will farm up and pwn in late game. Taking CS is like playing zeus in early game, only good for first 10 mins, but he is trash for the rest of the game.

You are right. Some courses are good for short distance, some middle distance, as for law, medicine, psc holders and accountancy super good for long distance.

Originally Posted by Unregistered

You do not need to take CS to earn $9000. Some grab drivers already said that they can do the same.

Taking law is like playing medusa in Dota 2. The early game is not fantastic, but you will farm up and pwn in late game. Taking CS is like playing zeus in early game, only good for first 10 mins, but he is trash for the rest of the game.

Haha. We should check in again with all the 2018 -2022 cs batch in 10 years' time to see what dead end middle management positions they're stuck in. If they're not already driving grab doing some boring business role like IT procurement

Ageism in tech is real.

Originally Posted by Unregistered

yet you're still wrong.

'partner' (and 'director') bear a specific meaning in the Legal Profession Act (and subsidiary legislation), all of which connote a pre-requisite that one is a qualified legal practitioner.

There's a reason why LawSoc requires anyone who is to be designated as 'partner' to first complete the Legal Practice Management Course, even if the person is merely a salaried (non-equity) partner.

My point about the quality of junior lawyers' lack critical thinking nowadays, still stands.

op and this guy are both fools.

this guy quoting legal profession act and then talking about critical thinking. my god facepalm*

please go back to what this forum is for, lawyer s-a-l-a-r-y

Originally Posted by Unregistered

I was offered NQ pay at IRB around 4.5k but I did not accept last time. Working hours they said 9am to 11pm or later if necessary.

Hope this helps.

4.5k seems to be way below market rate

Originally Posted by Unregistered

It is good that you did not accept it.

The reason why law firms have the audacity to give out such lowball offers is due to certain nonsense lawyers (who lack any self-esteem and accepted it in the past). We should stand united in rejecting such rubbish offers. Such law firms do not deserve to hire any lawyers.

Market is efficient in stratifying. Don’t blame the market! How to pay high salaries if the client isn’t expecting to pay much? You don’t make sense mate

Originally Posted by Unregistered

You are right. Some courses are good for short distance, some middle distance, as for law, medicine, psc holders and accountancy super good for long distance.

That’s right. Except for accountancy, lol

Originally Posted by Unregistered

4.5k seems to be way below market rate

That’s if you can survive past the 5 year mark lol. Law is plagued by a large surplus of entrants at the NQ stage, and a dearth of lawyers at the >5PQE stage.

The situation is quite telling if you look at the legal associates at small/mid sized firm. Many of them have left the industry without even hitting the 5 year mark.

Originally Posted by Unregistered

Market is efficient in stratifying. Don’t blame the market! How to pay high salaries if the client isn’t expecting to pay much? You don’t make sense mate

Please do not think that SME law firms are not profitable. A good example is CBT's firm. He only hires a couple of associates, but he can make enough money to stay landed and drive ferrari. It just means that the distribution of profits at SME law firms goes mainly to the owners. You may even be surprised that he make more money than some big firm partners. This is because he has much lower overhead and he can take most of the profits.

Having merely a law degree will not make you rich. The key factor is whether you have entrepreneurship to go along with your law degree.

Originally Posted by Unregistered

Please do not think that SME law firms are not profitable. A good example is CBT's firm. He only hires a couple of associates, but he can make enough money to stay landed and drive ferrari. It just means that the distribution of profits at SME law firms goes mainly to the owners. You may even be surprised that he make more money than some big firm partners. This is because he has much lower overhead and he can take most of the profits.

Having merely a law degree will not make you rich. The key factor is whether you have entrepreneurship to go along with your law degree.

Property prices were dirt cheap in his era. For context, in the 1990s, it’s possible to get a CCR condo for under $500,000 and a reasonably sized landed property (semi-d) for just above a million dollars.

My father for example, was able to amass over 5 condo properties during the time period of 1980-2000. He’s not a lawyer.. just a civil servant at SingTel (Electrical Engineer).

During that era, ABSD were non-existent and cost of living is significantly lower.

These days, even if you are a lawyer, you will have trouble affording a mature estate 5 room HDB flat, not to mention a private condo or landed property