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  #21361 (permalink)  
Old 12-06-2024, 12:53 PM
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If woman, dress like Stefanie Yuen Thio (e.g., s://.tsmplaw.com/our-people/stefanie-yuen-thio/) to your interview.

If man, yah, pray.



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  #21362 (permalink)  
Old 12-06-2024, 06:59 PM
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Latham & Watkins, just say so la...if not, Wachtell or Cravath meh??

Not only does this V5 firm underpay SG-qualified associates, but class year is also cut...sigh...
Ok la, I think PQE cut is fair because of the TC duration gap. Unfortunately, most of these firms get away with underpaying SG qualified associates because our market allows for it. Only a few firms pay true US scale out of the gates

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  #21363 (permalink)  
Old 12-06-2024, 07:15 PM
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Ok la, I think PQE cut is fair because of the TC duration gap. Unfortunately, most of these firms get away with underpaying SG qualified associates because our market allows for it. Only a few firms pay true US scale out of the gates
Is it really "underpaying" when the fact is that Asia is much less profitable for these US firms? That's why so many US firms are closing or downsizing their Asian offices.

It is not sustainable to be paid US rates if you are not bringing in anywhere close to US profits for the firm. You will be the first in line to be laid off when the economy goes south and the US partners start revolting against subsidizing their less profitable Asian offices.

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  #21364 (permalink)  
Old 12-06-2024, 08:59 PM
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Is it really "underpaying" when the fact is that Asia is much less profitable for these US firms? That's why so many US firms are closing or downsizing their Asian offices.

It is not sustainable to be paid US rates if you are not bringing in anywhere close to US profits for the firm. You will be the first in line to be laid off when the economy goes south and the US partners start revolting against subsidizing their less profitable Asian offices.
“Underpaying” cos, at Latham & Watkins SG and similar US law firms, your batch mate who went to same JC as you and is UK/US qualified and/or grad (1) gets paid US Cravath scale commensurate with his/her class year, while (2) he/she is not being cut in class year when joining (in this case, from local SG firm).

For example, class of 2018 (i) US grad gets paid 1st year assoc salary in 2018, (ii) UK grad gets paid 1st year assoc salary in 2021 (1 year LPC + 2 year training contract), and (iii) SG grad, if “lucky” enough to be blessed, joins as 1st year (although actually a 4th year in A&G or whateva) and does NOT get paid 1st year assoc salary that his/her peers in the firm are getting.
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  #21365 (permalink)  
Old 12-06-2024, 10:05 PM
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HogLov London NQs to £135k
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  #21366 (permalink)  
Old 12-06-2024, 10:23 PM
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“Underpaying” cos, at Latham & Watkins SG and similar US law firms, your batch mate who went to same JC as you and is UK/US qualified and/or grad (1) gets paid US Cravath scale commensurate with his/her class year, while (2) he/she is not being cut in class year when joining (in this case, from local SG firm).

For example, class of 2018 (i) US grad gets paid 1st year assoc salary in 2018, (ii) UK grad gets paid 1st year assoc salary in 2021 (1 year LPC + 2 year training contract), and (iii) SG grad, if “lucky” enough to be blessed, joins as 1st year (although actually a 4th year in A&G or whateva) and does NOT get paid 1st year assoc salary that his/her peers in the firm are getting.
This is a problem because the local law firms are being cheapo.. and the int firms think they can follow suit without issues. Got to wait until local firms stop trying to race to the bottom in pricing lol.
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  #21367 (permalink)  
Old 13-06-2024, 08:15 AM
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“Underpaying” cos, at Latham & Watkins SG and similar US law firms, your batch mate who went to same JC as you and is UK/US qualified and/or grad (1) gets paid US Cravath scale commensurate with his/her class year, while (2) he/she is not being cut in class year when joining (in this case, from local SG firm).

For example, class of 2018 (i) US grad gets paid 1st year assoc salary in 2018, (ii) UK grad gets paid 1st year assoc salary in 2021 (1 year LPC + 2 year training contract), and (iii) SG grad, if “lucky” enough to be blessed, joins as 1st year (although actually a 4th year in A&G or whateva) and does NOT get paid 1st year assoc salary that his/her peers in the firm are getting.
This is because the US education system is superior to both the UK and Singapore. You are lawyer ready once you are called to the NY bar. Get it, no?
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  #21368 (permalink)  
Old 13-06-2024, 10:07 AM
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This is because the US education system is superior to both the UK and Singapore. You are lawyer ready once you are called to the NY bar. Get it, no?
you don't need an expensive lengthy post grad to be a lawyer. The US system isn't innately superior. It's a huge and risky time and money sink.

Most of the reason why law is a post grad in North America was political, due to the lobbying efforts of law educators and administrators such as Harvard's Christopher Columbus Langdell to equalize its perceived prestige with medicine (also post-grad).

I agree though, that having prior undergrad education may make lawyers more well rounded, and at the junior levels at least the top tier US lawyer performs miles ahead of the top tier Commonwealth lawyer
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  #21369 (permalink)  
Old 13-06-2024, 11:45 AM
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you don't need an expensive lengthy post grad to be a lawyer. The US system isn't innately superior. It's a huge and risky time and money sink.

Most of the reason why law is a post grad in North America was political, due to the lobbying efforts of law educators and administrators such as Harvard's Christopher Columbus Langdell to equalize its perceived prestige with medicine (also post-grad).

I agree though, that having prior undergrad education may make lawyers more well rounded, and at the junior levels at least the top tier US lawyer performs miles ahead of the top tier Commonwealth lawyer
I don't think it is as simple an issue as just comparing an US lawyer vs a commonwealth lawyer given that an US lawyer with equivalent experience would have at least 4 years of age on top of the UK or SG lawyer (even when taking into account the lost NS years). Age plays a large role in how well lawyers are perceived in their role unfortunately.
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  #21370 (permalink)  
Old 13-06-2024, 11:55 AM
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Is it really "underpaying" when the fact is that Asia is much less profitable for these US firms? That's why so many US firms are closing or downsizing their Asian offices.

It is not sustainable to be paid US rates if you are not bringing in anywhere close to US profits for the firm. You will be the first in line to be laid off when the economy goes south and the US partners start revolting against subsidizing their less profitable Asian offices.
The ones that do pay US rates can do so because their clients are not penny pinching Asian MNCs. Most of the time, the Asia offices service their US/European PE clients dealing in the region and they charge the same US rates. Given the COL here, their profit margins are much higher compared to other offices..
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