Lawyer Salary

Originally Posted by Unregistered

There is some merit in learning the value of humility and making do with less at the start of one’s career. Not being jelly or sour grapes. The fall is harder to bear when one starts off with S$25-30k salaries so soon after graduation, and subsequently need to ‘downgrade’ along the course of one’s career because the top can only accommodate that many. By that time, one might likely have acquired penchant for finer things in life, including expensive commitments that become unsustainable to finance on a lower pay.

Ok tmr u volunteer ask for pay cut no need the front load. What a load of crap. Brainwashed local grad 100%

Originally Posted by Unregistered

Ok tmr u volunteer ask for pay cut no need the front load. What a load of crap. Brainwashed local grad 100%

Funny how folks who are supposed to be legally trained leap to assumptions. No point trying to disprove since this is anonymous anyway. Just sharing some gems of advice from experience of what it is like to have pay cut. No one is saying they don’t want high pay. Just flagging the other side. Similar views have been shared before on this thread. Insist on your own beliefs if you will.

Originally Posted by Unregistered

There is some merit in learning the value of humility and making do with less at the start of one’s career. Not being jelly or sour grapes. The fall is harder to bear when one starts off with S$25-30k salaries so soon after graduation, and subsequently need to ‘downgrade’ along the course of one’s career because the top can only accommodate that many. By that time, one might likely have acquired penchant for finer things in life, including expensive commitments that become unsustainable to finance on a lower pay.

With your reading, I think you should take a look at the auditor thread and think again

Originally Posted by Unregistered

Funny how folks who are supposed to be legally trained leap to assumptions. No point trying to disprove since this is anonymous anyway. Just sharing some gems of advice from experience of what it is like to have pay cut. No one is saying they don’t want high pay. Just flagging the other side. Similar views have been shared before on this thread. Insist on your own beliefs if you will.

There is some truth in the points you raise regarding lifestyle creep and golden handcuffs as a result of high salaries (relative to the median wages in Singapore) and high expectations.

But the angle you're approach it from, is frankly speaking, imbecilic.

A non-mentally challenged person would simply advise people to live a more abstemious and financially prudent lifestyle, and live within modest means with forward financial planning. As opposed to trying to rationalize the value of earning less.

Originally Posted by Unregistered

There is some merit in learning the value of humility and making do with less at the start of one’s career. Not being jelly or sour grapes. The fall is harder to bear when one starts off with S$25-30k salaries so soon after graduation, and subsequently need to ‘downgrade’ along the course of one’s career because the top can only accommodate that many. By that time, one might likely have acquired penchant for finer things in life, including expensive commitments that become unsustainable to finance on a lower pay.

Take the high pay upfront, save the money and let compound interest work in your favour. The value of "humility" is letting the partner keep the pay differentia and let him/her earn the compound interest instead of you. Do your part to narrow the wealth gap. If you can't even figure this out, you deserve to be replaced by chatgpt.

Part A results just came out

Wonder what is the pass rate now? From the last session, seems like about 1/3 to 1/2 of the total number of candidates were retaking either one or a few of the modules from the last session?

Hey learned people and more experienced practitioners, asking for advice for a friend who's in a dilemma:

apply for PSC legal scholarship for oxbridge law and be bonded for 6 years; OR
borrow money from parents (part of their retirement savings) for oxbridge law (~200k sgd, rest will be funded by side hustles) and try to secure an intl firm TC post-grad to pay them back? (from middle-lower income family)

Originally Posted by Unregistered

Hey learned people and more experienced practitioners, asking for advice for a friend who's in a dilemma:

apply for PSC legal scholarship for oxbridge law and be bonded for 6 years; OR
borrow money from parents (part of their retirement savings) for oxbridge law (~200k sgd, rest will be funded by side hustles) and try to secure an intl firm TC post-grad to pay them back? (from middle-lower income family)

I would apply for the scholarship as there’s no guarantee your friend will graduate with FCH and secure the international firm TC upon graduation. If that falls through then second option

6 years is not that long, if they get FCH and get judicial clerkship followed by rotation to do Sup Court registry work, the cases they are exposed to for those years may also put them in good stead for subsequent career moves in practice.

I appreciate that this topic has been discussed before some time back so let’s try to agree that everyone will have different views ya

Originally Posted by Unregistered

Hey learned people and more experienced practitioners, asking for advice for a friend who's in a dilemma:

apply for PSC legal scholarship for oxbridge law and be bonded for 6 years; OR
borrow money from parents (part of their retirement savings) for oxbridge law (~200k sgd, rest will be funded by side hustles) and try to secure an intl firm TC post-grad to pay them back? (from middle-lower income family)

Why is Oxbridge law the only option? No need to waste money - plenty of international law firms are keen on hiring good students from NUS/SMU.

Don't waste time. The SMU valedictorian from Baker disputes has swept the LKY and Fulbright scholarships apparently. Is that called double recovery?