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  #3681 (permalink)  
Old 24-10-2018, 10:11 PM
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3674 and 3675 here. This isn't entirely accurate.

If you got called Aug 2018, 3 of the 4 firms will increase your salary come Jan 2019. The remaining 1 particular firm has a very lousy remuneration package, and keeps your salary stagnant until Dec 2019 (if I recall correctly).

As for starting salaries amongst the 4 of them, 1 starts at $6k, 2 start at $5.6k, 1 starts at $5.8k. Or it could be 2 start at $5.8k and 1 starts at $5.6k, I forget.

The progressions for 2, 3 PQE onwards in the 4 firms are also a bit weird. They're no longer linear. Basically, they're trying to trap you there to reach SA level (which is where the shortage is most severe across the industry), increasing your increments at the 3-year mark thereabout. Don't fall for it. Poster of 3680 speaks the truth.
Which firm in the Big4 delays NQs' salary increment till Dec '19?



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  #3682 (permalink)  
Old 25-10-2018, 12:08 AM
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Hi guys. Just wondering if anybody could share why so many people have been leaving Morgan Lewis Stamford in the recent months? Is it something to do with the Lee family Oxley saga or is there something more to it?

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  #3683 (permalink)  
Old 25-10-2018, 12:10 AM
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Quote:
Originally Posted by Unregistered View Post
3674 and 3675 here. This isn't entirely accurate.

If you got called Aug 2018, 3 of the 4 firms will increase your salary come Jan 2019. The remaining 1 particular firm has a very lousy remuneration package, and keeps your salary stagnant until Dec 2019 (if I recall correctly).

As for starting salaries amongst the 4 of them, 1 starts at $6k, 2 start at $5.6k, 1 starts at $5.8k. Or it could be 2 start at $5.8k and 1 starts at $5.6k, I forget.

The progressions for 2, 3 PQE onwards in the 4 firms are also a bit weird. They're no longer linear. Basically, they're trying to trap you there to reach SA level (which is where the shortage is most severe across the industry), increasing your increments at the 3-year mark thereabout. Don't fall for it. Poster of 3680 speaks the truth.
R&T is the one that starts at 5.8k (changed this year?) and freezes for 16.5 months (mid-august till 31 Dec of the following year). Bonus for those 16.5 months is only given at the end of that period, and on a pro-rated basis tends to average about 2-2.5 months per annum (i.e. about 3-3.5 months for the first 16.5 months?)

The other 3 firms give a 1k raise after the first 4.5 months, and pay a bonus at the end of each calendar year. Napkin math of the first 16.5 months suggests that R&T pays 5-10k less than the other 3 firms over that same period (plus if you quit, you get no bonus). On the flip side, the R&T notice period is 2 months, during which you get full pay as the pay isn't based on a front-loading concept.

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  #3684 (permalink)  
Old 25-10-2018, 12:27 AM
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Hey guys, in response to the above poster on Morgan Lewis Stamford, can someone share their knowledge about this? Is this something to be concerned about as someone who's eventually going to TC there?
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  #3685 (permalink)  
Old 25-10-2018, 01:02 AM
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Default Mid Size Pay

Any idea what's the pay structure like for mid-size firms like Shook Lin & Bok and TSMP?
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  #3686 (permalink)  
Old 25-10-2018, 03:26 AM
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Slogging it out in the office at 3:25AM trying to complete work for a very demanding client and due at 9AM. All for 7+k a month.
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  #3687 (permalink)  
Old 25-10-2018, 08:44 AM
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Slogging it out in the office at 3:25AM trying to complete work for a very demanding client and due at 9AM. All for 7+k a month.
I feel you. F the client.
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  #3688 (permalink)  
Old 25-10-2018, 10:54 AM
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Slogging it out in the office at 3:25AM trying to complete work for a very demanding client and due at 9AM. All for 7+k a month.
Annual comp of $100k+? Not too shabby


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  #3689 (permalink)  
Old 25-10-2018, 12:09 PM
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Annual comp of $100k+? Not too shabby
Basic OCR condo also 12-15x annual comp. where got good.
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  #3690 (permalink)  
Old 25-10-2018, 12:12 PM
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Quote:
Originally Posted by Unregistered View Post
3674 and 3675 here. This isn't entirely accurate.

If you got called Aug 2018, 3 of the 4 firms will increase your salary come Jan 2019. The remaining 1 particular firm has a very lousy remuneration package, and keeps your salary stagnant until Dec 2019 (if I recall correctly).

As for starting salaries amongst the 4 of them, 1 starts at $6k, 2 start at $5.6k, 1 starts at $5.8k. Or it could be 2 start at $5.8k and 1 starts at $5.6k, I forget.

The progressions for 2, 3 PQE onwards in the 4 firms are also a bit weird. They're no longer linear. Basically, they're trying to trap you there to reach SA level (which is where the shortage is most severe across the industry), increasing your increments at the 3-year mark thereabout. Don't fall for it. Poster of 3680 speaks the truth.
mind saying which firm doesn't increase salary come jan 2019?
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