Lawyer Salary

Firm doing “wall Street work”. Not doing very well last I heard.

Saw exodus of senior people as well to set up Black Oak. I heard now the latter is only focused on doing “restructuring” work. Wonder those trained in more bread and butter litigation and insolvency - what are they planning to do with these same.

Originally Posted by Unregistered

Find that some law girls are plain stupid
Saw some of them on CMB
What’s the point
In Uni, I remember they were attached
Why want to give up a good guy and then
Go on the dating app writing rubbish on their ideal guy
Seriously there is no ideal guy in this world
Most girls write things like:
- confident, self assured, positive, cheerful guy
What’s the point. How can someone be happy every minute
Especially in law. Unless u stay at home la

Agreed. Know a couple of stories like these
It’s silly

Originally Posted by Unregistered

Would boutique firms be able to handle complex deals?

Obviously not. They aren't tying up with accounting firms to do complex deals. They're there to be fed a steady stream of mid market average value corp deals that the big 4 audit clients may want to do from time to time. Makes perfect sense for a small corp shop

U won't see a market leader like A&G tying up with EY anytime soon. They don't need to

what happens if I pass part b but cannot get training contract?

am i allowed to call myself a lawyer? is it a protected title in singapore? can i only ever be legal executive?

Originally Posted by Unregistered

Obviously not. They aren't tying up with accounting firms to do complex deals. They're there to be fed a steady stream of mid market average value corp deals that the big 4 audit clients may want to do from time to time. Makes perfect sense for a small corp shop

U won't see a market leader like A&G tying up with EY anytime soon. They don't need to

Of course, what I meant was - there would be a limited number of such deals and given that deals are getting more complex with time (an assumption), how long can this trend persist?

I disagree, boutiques are just as capable to do complex deals. Where do you think the managing directors of these firms come from - Big4 or MC firms. They have done a half dozen, if not dozens of these deals before lol. U think LVM can't handle a complex deal? C'mon man...

Originally Posted by Unregistered

I disagree, boutiques are just as capable to do complex deals. Where do you think the managing directors of these firms come from - Big4 or MC firms. They have done a half dozen, if not dozens of these deals before lol. U think LVM can't handle a complex deal? C'mon man...

We're talking about capacity, not competence

No one is doubting the capability or experience of these boutique spinoff founders

LVM is a pure litigation shop btw

Clearly you dont actually know what you're talking about

Originally Posted by Unregistered

We're talking about capacity, not competence

No one is doubting the capability or experience of these boutique spinoff founders

LVM is a pure litigation shop btw

Clearly you dont actually know what you're talking about

Chill guys... But yeah. I think capacity is a real issue for boutique firms. The managing partner of a boutique firm could come from a MC firm but sometimes the work is so complex and so voluminous that such a partner cannot do it alone or even with the help of a handful of associates.

Where I used to work, we paid millions to a White Shoe firm to come up with a manual that came was thousands of pages thick and had to be produced in a couple of months. Another thing about boutique firms is that unless you are blood-brothers with the general counsel of MNCs/banks, they are not going to simply give you the business just because they had dealt with you for a long period of time in your MC/WS/Big4 firm. They have to answer to their bosses and if they have the budget, why risk it on a new setup? They dealt with you largely because the firm you represented has the reputation for handling such projects. That's my 2 cents.

Very keen to listen to counter-arguments, if any.

Originally Posted by Unregistered

Find that some law girls are plain stupid
Saw some of them on CMB
What’s the point
In Uni, I remember they were attached
Why want to give up a good guy and then
Go on the dating app writing rubbish on their ideal guy
Seriously there is no ideal guy in this world
Most girls write things like:
- confident, self assured, positive, cheerful guy
What’s the point. How can someone be happy every minute
Especially in law. Unless u stay at home la

Because they didn’t get to meet the finance guys in law school

Originally Posted by Unregistered

what happens if I pass part b but cannot get training contract?

am i allowed to call myself a lawyer? is it a protected title in singapore? can i only ever be legal executive?

You are not allowed to call yourself a lawyer, because you are not called to the bar in any jurisdiction.

Please see section 2 LPA “advocate and solicitor”, “advocate” and “solicitor” mean an advocate and solicitor of the Supreme Court;

Please also see rule 33 of the Professional conduct rules.