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18-01-2025, 03:58 PM
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What is the market rate for TC pay now?
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18-01-2025, 04:45 PM
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Quote:
Originally Posted by Unregistered
What is the market rate for TC pay now?
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did you not read the article on full blast on BT/SLW earlier this week?
singaporelawwatch.sg/Headlines/singapore-law-firms-raise-legal-trainee-allowances-to-make-up-for-new-year-long-practice-training-regime
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18-01-2025, 05:08 PM
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how is the shipping industry? should i tc at a shipping firm?
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18-01-2025, 09:14 PM
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Quote:
Originally Posted by Unregistered
how is the shipping industry? should i tc at a shipping firm?
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Very niche practice area but imo you absolutely need to work under a partner who is at least band 2 ranked in Chambers. Because specialising is a pretty big gamble and if you do specialise, you dam well make sure you're super good at it. So learning under the best in that particular sector is quite important. If you get such an opportunity, by all means do shipping. Working under a strong shipping partner gives you more exposure to "interesting" cases too. If not shipping might get boring real quick.
O&B is very good. High pay awaits those who survive and WLB/Culture is much better than the top b4 firm for shipping litigation.
Helmsmann need FCH/JLC... but Ian is a v solid shipping litigator. Pays well too.
JTJB is aite. Excellent culture though. They'll train you very well. Pay is low.
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18-01-2025, 10:37 PM
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Quote:
Originally Posted by Unregistered
Not sure 🙅 if it's just 👏 me, 👩🏻🎮 but 😥 I 🙀 find it concerning that our ✂️✂️ profession is making 🏽 front-page news on an issue like trainee compensation, with specific figures openly reported. 🧐🧐 The legal profession has 😜 always 👌 been about 👉 more than 😻 just 😔 the numbers. At its heart, it's a calling 📲 to serve justice, ♎ champion 🏆 fairness, and uphold ethics and integrity. 😤 These 🏨 values 💰👪 are the cornerstone of what 🤔 it means to be 😹😹😹 a lawyer. They remind 🤔🤔 us that the trust 💯 society places 🚗🚕🚙🚌🚎 in 👏 us 🪐 is not about what 🤤🤤🤤 we 👩*👩*👦*👦 earn 💰💰 but about 🍾 the difference 🔄 we 👯 make-giving a voice 🤬 to the voiceless, resolving disputes fairly, and safeguarding the rule 🚷 of law. While compensation is undoubtedly an important and practical concern, 😕😕 the focus 😩 on 🔛😖 it risks 😐 overshadowing the bigger 💥 picture 🖼 of what our profession represents. 🐼🦊 The meaningful contributions lawyers make 🛀🏼👮🏽 every day, 🆗✅👋 often 💰 quietly, without ❌ fanfare, are what truly ⚡ define us, not 🚫❌ the size of an allowance or paycheck. To trainees: while ⏳👶 the allowances you 😼 receive may 😎 have 👍 made headlines, it's worth 💸🌐 reflecting on 🔛 what 👀🤷🏻*♀️ they 💁 represent. The compensation you 🤐 receive is not 🚯 just 😬 a reward, or a reflection on 👎 what 📆 you're contributing in 👈 the present. 🎁 Rather, 👉 they are an investment, 🔝 not 🙅😡 just 👏💞 in 🔗 your training, but 🦶🏻 in your 👈🏾 potential to become 😌 responsible, skilled, and ethical lawyers. 🕵️ The firms that support you 😀 now 😍 are doing 👗 so with the hope 🙏👼 that 😾 you 🦴 will 👏💯 grow ⏫ into professionals who 💁 carry forward ⏩ the profession's values: 👪💰 serving society, 👥 upholding justice, and building 🏰 trust 🫂 in the legal 🔞😡 system. 😏💋
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👏👏👏 We need more sg law copypastas like these
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18-01-2025, 10:39 PM
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Quote:
Originally Posted by Unregistered
Possible to jump to b4 after tc at mid sized firm doing liti? Also when is best to apply as assoc given the 1 year tc now
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Yes, possible. Some jump as NQ others at 1PQE, so on and so forth. Be careful what you get into, some teams hire assocs quickly because they just have that high of an attrition rate.
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18-01-2025, 11:41 PM
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Quote:
Originally Posted by Unregistered
Very niche practice area but imo you absolutely need to work under a partner who is at least band 2 ranked in Chambers. Because specialising is a pretty big gamble and if you do specialise, you dam well make sure you're super good at it. So learning under the best in that particular sector is quite important. If you get such an opportunity, by all means do shipping. Working under a strong shipping partner gives you more exposure to "interesting" cases too. If not shipping might get boring real quick.
O&B is very good. High pay awaits those who survive and WLB/Culture is much better than the top b4 firm for shipping litigation.
Helmsmann need FCH/JLC... but Ian is a v solid shipping litigator. Pays well too.
JTJB is aite. Excellent culture though. They'll train you very well. Pay is low.
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thanks a lot for the comprehensive reply! could i ask what about a band 3/4 partner and what kind of exit options are there?
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19-01-2025, 07:19 AM
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Quote:
Originally Posted by Unregistered
thanks a lot for the comprehensive reply! could i ask what about a band 3/4 partner and what kind of exit options are there?
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Try to join a band 3 practioner's team at least. So that it's easier to jump to the better teams after your TC. Just had a look at the rankings again and there are quite a few good options in the band 3/4 range as well.
Exit opportunities depends on the strength of your firm/team and your own capabilities. My seniors found it fairly easy to transition to in-house, so I don't think you will have any issues there. Shipping practice can give you wide exposure (if you are in a strong team with a lot of work coming your team's way) as you will be exposed to many other pratice areas as well, so transiting into gen lit/arbi won't be an issue either. There are a few good international firms for shipping too, so that is an extra option also after 1-3PQE.
But if you are only able to get a TC under a band 4 practitioner, don't be disheartened. Just go and then try to jump after your TC. You will be able to have a very strong career in shipping if you join any of the 3 firms that I mentioned. Can add PDLegal to the mix too.
All the best! Glad to help.
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19-01-2025, 08:38 AM
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Quote:
Originally Posted by Unregistered
how is the shipping industry? should i tc at a shipping firm?
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Easy. Go and sign up for meet the people at Hougang.
Hougang Wp MP is Dennis tan who is a shipping lawyer.
Just show your support for WP, maybe donate some money he will sure help you 100% if y wanna get into shipping law
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19-01-2025, 10:10 PM
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Quote:
Originally Posted by Unregistered
In other words, staying in international firms and equity partners in b4 and major mid tier is already an achievement. Dunno why ppl keep bashing b4. U become equity partner, u can make 400k to 1.xm. Isn’t that very good. I dun even know if senior associate in international firm can make 700k total or 1m
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Thar's because for those in the know, the path to equity in a Big 4 is getting much longer (~15 years), and more competitive. And we see the fat cats at the top, who aren't all that competent and got where they are because they happened to start practicing in a time the Singapore GDP was growing at double digit % every year, siphon off the majority of the profits.
The Big 4 is also not particularly meritocratic, iykyk.
At least in international firms, the partners there actually hustle to get where they are.
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