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  #3561 (permalink)  
Old 25-09-2018, 09:56 PM
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Is Virtus Law LLP a good firm? They appear to pay quite well for their training contract

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  #3562 (permalink)  
Old 25-09-2018, 11:26 PM
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How much is quite well? 2.5?

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  #3563 (permalink)  
Old 26-09-2018, 09:51 AM
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Hi all I graduated from the University of Exeter with a LLB (Hons) 2.1 in 2017. What are my chances of obtaining a TC with the Big 4?
Without connections, difficult.

You need to remember that there remains strong prejudice against non-oxbridge overseas grads (whether warranted or unwarranted is not the issue here, merely that it exists) and you will need to have something really special to be considered. Eg. National/International Mooting, journal publications.

The few non-oxbridge/London grads i know who've made it to Big4 on their own merit are all FCH accompanied with other outstanding accolades.

It may be wise to apply to Big4 but also spam applications to mid to small size firms.

If you don't mind lesser pay, there are a few statutory/government agencies for which legal work constitutes relevant legal training/training.

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  #3564 (permalink)  
Old 26-09-2018, 10:02 AM
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Does anyone know how far sighted firms are when it comes to periods of recession? Am currently a Part B candidate doing his TC (big 4) in Jan, but am afraid of the end of the bull market the global economy is in. Should I be particularly worried of getting cut if I stay in the legal sector or will it just be a **** show in general across all industries when the gravy train stalls.
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  #3565 (permalink)  
Old 26-09-2018, 05:47 PM
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Does anyone know how far sighted firms are when it comes to periods of recession? Am currently a Part B candidate doing his TC (big 4) in Jan, but am afraid of the end of the bull market the global economy is in. Should I be particularly worried of getting cut if I stay in the legal sector or will it just be a **** show in general across all industries when the gravy train stalls.
It really depends on what department you are in...

If you are in the M&A or Cap Markets depts, I imagine the work volume will be affected somewhat as liquidity is squeezed.

IP too i guess, since this is unlikely to be ppl's priority no.1 in such times.

The most immune dept shld be litigation I suppose. Don't see how that would be affected by a financial crisis. If anything, it ought to thrive in a crisis because a good bulk of litigation is when payment is due under a contract.
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  #3566 (permalink)  
Old 28-09-2018, 01:31 PM
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Originally Posted by Alexlee01 View Post
I agree @pp151

Singapore lawyer average salary $9000/ mth
We really need to open up to ceca. Singaporeans too demanding


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  #3567 (permalink)  
Old 29-09-2018, 10:13 PM
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We really need to open up to ceca. Singaporeans too demanding
TBH law salaries in SG isn't impressive and certainly nowhere compared to the other major financial centres like HK, London or NY, but that's to be expected. With few exceptions most industries here (eg IB, wealth management, tech, consulting) pay comparably worse than in those more developed markets. They are 1 tier higher than us, in the same way that we're 1 tier higher than cities like KL, Bangkok or Jakarta.

Being a lawyer here is actually very good value for money, esp. if you managed to get into NUS law/SMU law. For the price of local school fees (heavily subsidied by govt), you get a reasonably good shot at entering into 1 of the median highest starting-pay industries locally. You have better odds getting into a Big 4 law firm than a business grad has in getting into say, front-office IB (which is 1 of the highest starting-pay jobs for their field).

What's more questionable, however, is if you couldn't get into NUS or SMU law and had to pay a premium to attend a 2nd tier UK or Australian law school (non-Oxbridge, non-London). Your ROI is considerably lesser because of your heftier initial capital outlay.

Its unfair to compare legal salaries here with say, NY salaries because US attorneys all have advanced degrees and the path to obtaining a JD is far longer and more expensive. Just go to any big law firm website and look @ their attorney bios - their lawyers are all very credentialed with multiple bachelors' and masters' degrees. We need to compare like-for-like.

Hence the ROI if you graduate from relatively-cheap NUS and SMU LLB is actually very good.
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  #3568 (permalink)  
Old 30-09-2018, 03:08 PM
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Can any seniors here shed light as to what the average pay for a fresh associate in a medium sized firm with around 20 to 50 lawyers is?

Is anything under S$4,500 reasonable?
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  #3569 (permalink)  
Old 30-09-2018, 10:27 PM
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Can any seniors here shed light as to what the average pay for a fresh associate in a medium sized firm with around 20 to 50 lawyers is?

Is anything under S$4,500 reasonable?
don't bother. most can't speak and write good english anyway.
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  #3570 (permalink)  
Old 01-10-2018, 12:00 PM
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Can any seniors here shed light as to what the average pay for a fresh associate in a medium sized firm with around 20 to 50 lawyers is?

Is anything under S$4,500 reasonable?
With current market conditions, I believe there are mi-sized firms offering less than S$4,500 for starting associates.

More importantly, there will be many associates willing to accept less than S$4,500 starting salary, get 1-2 years of experience and then jump somewhere willing to pay them what they're actually worth.

It's about how badly you want in.
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