Lawyer Salary

do law firms ever rescind their tc offer?

Originally Posted by Unregistered

How is 1 year tc going to affect us?

More cheap labour for trainees
And increased pay for NQ?

Put it this way.. changes made to reduce the amount of lawyers in the market will not benefit the trainee lawyers trying to enter the market.

Originally Posted by Unregistered

anyone broke tc before? what reasons shld u give & shld u do it a year later so they forgot abt u

Very common, just let them know as soon as possible when you decide to break TC so they can find a replacement.

More importantly, be prepared that you may have burned a bridge with that particular firm.

Originally Posted by Unregistered

Very common, just let them know as soon as possible when you decide to break TC so they can find a replacement.

More importantly, be prepared that you may have burned a bridge with that particular firm.

need to give reason?

Originally Posted by Unregistered

need to give reason?

tell them you going to a better firm 👍🏻

Originally Posted by Unregistered

hey after securing a tc are grades still important (ofc above the graduation requirement)? for eg does retention rate look at ur gpa or if u wanna move firm after ur tc

Yes, it does. Firms commonly still look at your grades for junior to mid level associate hires because you still don't have much of a track record. The more senior you get (6+ years), the more important your experience becomes, but having top grades will always give you an edge.

Originally Posted by Unregistered

As in he outed himself as a white horse? Why would anyone do that?

All the white horse I know, never ever admit so, until they’re caught in a bind

he didn't directly tell us he was a white horse. It was more of a "oh my family's company listed on the SGX uses law firm Y, which is why I am interning here" and "oh I also did intern at supposedly-international firm X which my family's banker has a relationship with and X offered me a TC but I chose law firm Y because I like it better here" sort of rhetoric in his attempt at grandstanding to the other interns.

Maybe he is just an anomaly and not the real white horse/unicorn interns you encounter at the Big 4/MC firms.

Originally Posted by Unregistered

need to give reason?

No, the less said the better. Just thank them for the opportunity but say that, due to a change in circumstances, you no longer wish to pursue your TC with the firm.

Usually mid-size or bigger firms will just let you go or ignore you.

Some smaller firms will try to scare you by saying they want to claim "compensation" for losses suffered (as the TC is technically a contract) if you actually leave. Just be polite and tell them that you have still decided to leave.. 10 out of 10 times they will just let you go (as they can't prove losses and it is too expensive to sue you and also it is damn bad publicity for them to actually try to obtain compensation for a break of TC).

Don't stupid stupid agree to pay compensation for breaking a TC.

Won’t recommend anyone to do Law, from my personal experience.

Class of 2004 NUS Law, 2nd lower. Worked at KhattarWong briefly, before falling it quits. Decided to take a gap year off, and applied to medical school in Sydney subsequently. Completed my medical school and psychiatry training in Australia. Currently earning $20000 a month base/ $25000 with clinical training allowance, as a consultant doctor at IMH.

My peers who got 2nd lower from the batch of 2004 are either partners at a small/mid firm or general counsels in SMEs by now. However, they are earning around the same as me, with shaky employment prospects. One lost his job recently and has been finding for another one for the past 6 months. Their salaries are likely to remain stagnant at the 20K mark.

Whereas, I already have a job offer as an anchor psychiatrist doctor in a reputable psychiatry private practice, for $30000 a month. Will likely take it up after I complete my 3 year tenure at IMH.

I know many senior psychiatry clinicians in private practice making $30000 a month, working 4 days a week. Someone even made over $60000 a month because he was hardworking (clinic operating for 6 days).

My point is don’t do Law, unless you are super confident that you are in the top minority making equity partner money.. which most (95% of the cohort are not).

Kind Regards.

DR VENGADESH S/O KRISHNA KUMAR, MBBS (U of Sydney, Australia) 2010
FRANZCP (Psych) (RANZCP, Australia) 2020

Originally Posted by Unregistered

Won’t recommend anyone to do Law, from my personal experience.

Class of 2004 NUS Law, 2nd lower. Worked at KhattarWong briefly, before falling it quits. Decided to take a gap year off, and applied to medical school in Sydney subsequently. Completed my medical school and psychiatry training in Australia. Currently earning $20000 a month base/ $25000 with clinical training allowance, as a consultant doctor at IMH.

My peers who got 2nd lower from the batch of 2004 are either partners at a small/mid firm or general counsels in SMEs by now. However, they are earning around the same as me, with shaky employment prospects. One lost his job recently and has been finding for another one for the past 6 months. Their salaries are likely to remain stagnant at the 20K mark.

Whereas, I already have a job offer as an anchor psychiatrist doctor in a reputable psychiatry private practice, for $30000 a month. Will likely take it up after I complete my 3 year tenure at IMH.

I know many senior psychiatry clinicians in private practice making $30000 a month, working 4 days a week. Someone even made over $60000 a month because he was hardworking (clinic operating for 6 days).

My point is don’t do Law, unless you are super confident that you are in the top minority making equity partner money.. which most (95% of the cohort are not).

Kind Regards.

DR VENGADESH S/O KRISHNA KUMAR, MBBS (U of Sydney, Australia) 2010
FRANZCP (Psych) (RANZCP, Australia) 2020

Why does the discussion of not doing law keep coming up? Ok we get ure v successful now. But wouldn't most people visiting this page be law students/lawyers and wanna know more about the law industry. And the discussion keeps getting butchered by irrelevant discussions like med vs law etc. A bit ridiculous to ask us to throw away our law degree and pursue a new career or completely new degree