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Unregistered 10-12-2021 11:01 PM

Quote:

Originally Posted by Unregistered (Post 193303)
As a uk uni law student, is it worth to get UK TC? UK's salary at MC firms is almost equivalent to SG firms post tax and mortgage, so not sure why UK TC is seen as more attractive?

stop trolling
u from NUS right

Unregistered 10-12-2021 11:34 PM

Spend a couple of years there. Have some fun. Come back sg. Sg tax rate with intl firm pay. Dont be stupid. Take the opp. Here in sg people swooning over minor pay bump when nqs get jp pay. Lol

Unregistered 11-12-2021 12:07 AM

Quote:

Originally Posted by Unregistered (Post 193303)
As a uk uni law student, is it worth to get UK TC? UK's salary at MC firms is almost equivalent to SG firms post tax and mortgage, so not sure why UK TC is seen as more attractive?

Because salaries are generally pegged to current earnings and not overall package after Tax.

A simple example:
Even if you take-home 6k either way, if you apply to another firm with your SG pay of say 7k, your next firm may only decide to bump you to 8k (or keep you at 7k), and international firms may decide to lowball you. If you are taking home 6k, but with 14k salary, then you can expect your next firm to match your payscale.

Additionally, assuming you somehow apply back to the SG branch office, or if you get posted to another Asian site, you end up earning alot more.

Also, as long as you stay in the UK, it is easier to jump into the "big" international firms that are headquartered there. You end up earning the pedigree of being a MC firm assoc and it is easier to jump around after that.

Unregistered 11-12-2021 12:28 AM

Quote:

Originally Posted by Unregistered (Post 193312)
Because salaries are generally pegged to current earnings and not overall package after Tax.

A simple example:
Even if you take-home 6k either way, if you apply to another firm with your SG pay of say 7k, your next firm may only decide to bump you to 8k (or keep you at 7k), and international firms may decide to lowball you. If you are taking home 6k, but with 14k salary, then you can expect your next firm to match your payscale.

Additionally, assuming you somehow apply back to the SG branch office, or if you get posted to another Asian site, you end up earning alot more.

Also, as long as you stay in the UK, it is easier to jump into the "big" international firms that are headquartered there. You end up earning the pedigree of being a MC firm assoc and it is easier to jump around after that.

tdlr ur saying that sinkie firms luv lowballing, nothing can fix sinkie lowball mentality

Unregistered 11-12-2021 01:22 AM

Just work in London for a couple of years if you have a chance la. Assuming you have no commitments in SG or refuse to work overseas because of personal or family reasons, no rational law grad should turn down an opportunity to work in London for a Singapore firm.

Unregistered 11-12-2021 03:04 AM

Quote:

Originally Posted by Unregistered (Post 193321)
Just work in London for a couple of years if you have a chance la. Assuming you have no commitments in SG or refuse to work overseas because of personal or family reasons, no rational law grad should turn down an opportunity to work in London for a Singapore firm.

Just an example from another industry

Do you want to start your career in JPM or DBS?

Unregistered 11-12-2021 10:50 AM

Quote:

Originally Posted by Unregistered (Post 193303)
As a uk uni law student, is it worth to get UK TC? UK's salary at MC firms is almost equivalent to SG firms post tax and mortgage, so not sure why UK TC is seen as more attractive?

OP here, thanks for the responses. What’s the appeal to working in UK apart from the higher pay? Also not sure if it’s worth to go there given the covid situation?

Unregistered 11-12-2021 11:22 AM

Quote:

Originally Posted by Unregistered (Post 193339)
OP here, thanks for the responses. What’s the appeal to working in UK apart from the higher pay? Also not sure if it’s worth to go there given the covid situation?

Aren't you already a UK uni student? What's the difference, aren't you already studying there?

Unregistered 11-12-2021 12:00 PM

Quote:

Originally Posted by Unregistered (Post 193341)
Aren't you already a UK uni student? What's the difference, aren't you already studying there?

no, all online because of covid

Unregistered 11-12-2021 12:12 PM

Stop feeding the troll la. Either that or OP is an idiot anyway who can’t figure such things out.

Unregistered 11-12-2021 01:50 PM

Quote:

Originally Posted by Unregistered (Post 193305)
stop trolling
u from NUS right

Can a NUS law student even get UK TC?

Unregistered 11-12-2021 03:08 PM

TKQP good firm? Wads their payscale like

Unregistered 11-12-2021 07:11 PM

How are my fellow Part B candidates doing?

Unregistered 12-12-2021 01:16 AM

Quote:

Originally Posted by Unregistered (Post 193390)
How are my fellow Part B candidates doing?

I thought exams ended liao?

Unregistered 12-12-2021 12:00 PM

Quote:

Originally Posted by Unregistered (Post 193428)
I thought exams ended liao?

3 papers left

Unregistered 12-12-2021 02:42 PM

What are 5 short questions for an insolvency practitioner to ask at a first meeting with a client seeking options to save his company in financial distress?

Unregistered 12-12-2021 06:57 PM

Quote:

Originally Posted by Unregistered (Post 193455)
What are 5 short questions for an insolvency practitioner to ask at a first meeting with a client seeking options to save his company in financial distress?

Can you pay my fees?

Unregistered 12-12-2021 07:17 PM

Quote:

Originally Posted by Unregistered (Post 193475)
Can you pay my fees?


Hahahahahahaha good one

Unregistered 13-12-2021 11:14 AM

Quote:

Originally Posted by Unregistered (Post 193339)
OP here, thanks for the responses. What’s the appeal to working in UK apart from the higher pay? Also not sure if it’s worth to go there given the covid situation?

I went the "work overseas and come back to Singapore" route and I highly recommend it if it is an option open to you. I spent a few years in London (Magic Circle) and semi-recently moved back to Singapore.

The appeal? Much better work, much better training and much better culture. Quality of work is way higher - far more sophisticated clients than in Asia that value quality more and spend a lot less time bitching about fees. Deals are not mind-numbingly cookie cutter and so your work is a bit more interesting. Training is much better - I heard in Big 4 you aren't allowed to even send external emails as a trainee? Where I was - you get involved in not just client-facing work but BD matters early on. Finally the culture is just way better - ang moh firms are far less intense and seniors look out for juniors - my partners try their best to protect my evenings and weekends and I do the same for my juniors. Even the firms 'notorious' for shitty work culture end work at like 11pm on average whereas I was looking at my Big 4 friends go into the mornings plus Saturdays on the regular.

The result is that when you come back to SG, your perceived market value is higher, your actual abilities are better, you haven't been ground down into a shitty person and you are far less burned out.

Unregistered 13-12-2021 11:25 AM

Quote:

Originally Posted by Unregistered (Post 193541)
I went the "work overseas and come back to Singapore" route and I highly recommend it if it is an option open to you. I spent a few years in London (Magic Circle) and semi-recently moved back to Singapore.

The appeal? Much better work, much better training and much better culture. Quality of work is way higher - far more sophisticated clients than in Asia that value quality more and spend a lot less time bitching about fees. Deals are not mind-numbingly cookie cutter and so your work is a bit more interesting. Training is much better - I heard in Big 4 you aren't allowed to even send external emails as a trainee? Where I was - you get involved in not just client-facing work but BD matters early on. Finally the culture is just way better - ang moh firms are far less intense and seniors look out for juniors - my partners try their best to protect my evenings and weekends and I do the same for my juniors. Even the firms 'notorious' for shitty work culture end work at like 11pm on average whereas I was looking at my Big 4 friends go into the mornings plus Saturdays on the regular.

The result is that when you come back to SG, your perceived market value is higher, your actual abilities are better, you haven't been ground down into a shitty person and you are far less burned out.

Gotta agree. The difference in culture between the B4 and MC firms is quite staggering. I will be fair to the B4 and say that nobody can doubt that they do top-quality work - but the amount of blood, sweat and tears that gets wrung out of their associates in the process of producing that work is far more than in the MC.

Unregistered 13-12-2021 01:49 PM

Quote:

Originally Posted by Unregistered (Post 193541)
I went the "work overseas and come back to Singapore" route and I highly recommend it if it is an option open to you. I spent a few years in London (Magic Circle) and semi-recently moved back to Singapore.

The appeal? Much better work, much better training and much better culture. Quality of work is way higher - far more sophisticated clients than in Asia that value quality more and spend a lot less time bitching about fees. Deals are not mind-numbingly cookie cutter and so your work is a bit more interesting. Training is much better - I heard in Big 4 you aren't allowed to even send external emails as a trainee? Where I was - you get involved in not just client-facing work but BD matters early on. Finally the culture is just way better - ang moh firms are far less intense and seniors look out for juniors - my partners try their best to protect my evenings and weekends and I do the same for my juniors. Even the firms 'notorious' for shitty work culture end work at like 11pm on average whereas I was looking at my Big 4 friends go into the mornings plus Saturdays on the regular.

The result is that when you come back to SG, your perceived market value is higher, your actual abilities are better, you haven't been ground down into a shitty person and you are far less burned out.

Thanks for sharing! I agree, local B4 is just... a bad value proposition.

Unregistered 14-12-2021 11:20 AM

Quote:

Originally Posted by Unregistered (Post 193543)
Gotta agree. The difference in culture between the B4 and MC firms is quite staggering. I will be fair to the B4 and say that nobody can doubt that they do top-quality work - but the amount of blood, sweat and tears that gets wrung out of their associates in the process of producing that work is far more than in the MC.

I wonder why this is the case though - why do the B4 treat their associates in such a manner?

Unregistered 14-12-2021 01:13 PM

Quote:

Originally Posted by Unregistered (Post 193541)
I went the "work overseas and come back to Singapore" route and I highly recommend it if it is an option open to you. I spent a few years in London (Magic Circle) and semi-recently moved back to Singapore.

The appeal? Much better work, much better training and much better culture. Quality of work is way higher - far more sophisticated clients than in Asia that value quality more and spend a lot less time bitching about fees. Deals are not mind-numbingly cookie cutter and so your work is a bit more interesting. Training is much better - I heard in Big 4 you aren't allowed to even send external emails as a trainee? Where I was - you get involved in not just client-facing work but BD matters early on. Finally the culture is just way better - ang moh firms are far less intense and seniors look out for juniors - my partners try their best to protect my evenings and weekends and I do the same for my juniors. Even the firms 'notorious' for shitty work culture end work at like 11pm on average whereas I was looking at my Big 4 friends go into the mornings plus Saturdays on the regular.

The result is that when you come back to SG, your perceived market value is higher, your actual abilities are better, you haven't been ground down into a shitty person and you are far less burned out.

Agreed. Thats why all the B4 assocs with real market value have all left for int’ll firms. The ones still remaining, you know i know

Unregistered 14-12-2021 01:35 PM

Quote:

Originally Posted by Unregistered (Post 193647)
I wonder why this is the case though - why do the B4 treat their associates in such a manner?

Singapore NS culture (or worse) in some B4 teams. You know I know.

Unregistered 14-12-2021 02:12 PM

Quote:

Originally Posted by Unregistered (Post 193667)
Singapore NS culture (or worse) in some B4 teams. You know I know.

Yeah was always thinking how to describe that culture.
You summed it up well

Unregistered 14-12-2021 02:12 PM

Quote:

Originally Posted by Unregistered (Post 193662)
Agreed. Thats why all the B4 assocs with real market value have all left for int’ll firms. The ones still remaining, you know i know

Ok wad. The not so elite ones remain in B4 and are almost guaranteed to make junior partner if they don't self-attrition.

In that sense, they're filling a market niche too. The market admits practitioners of varying calibres and strengths.

As a B4 SA, currently awaiting my turn to be made up, I'm more than satisfied with this track. Comp is not fantastic but decent. And my practice area is quite chillax comparatively speaking.

Unregistered 14-12-2021 02:15 PM

Quote:

Originally Posted by Unregistered (Post 193675)
Ok wad. The not so elite ones remain in B4 and are almost guaranteed to make junior partner if they don't self-attrition.

In that sense, they're filling a market niche too. The market admits practitioners of varying calibres and strengths.

As a B4 SA, currently awaiting my turn to be made up, I'm more than satisfied with this track. Comp is not fantastic but decent. And my practice area is quite chillax comparatively speaking.

In time to come most of these work will become obsolete.
The smart ones in law are already transitioning to areas that will disrupt traditional roles like those described above.
When something is chillax, mundane, repetitive, it’s at risk of disruption.

Unregistered 14-12-2021 03:55 PM

Quote:

Originally Posted by Unregistered (Post 193676)
In time to come most of these work will become obsolete.
The smart ones in law are already transitioning to areas that will disrupt traditional roles like those described above.
When something is chillax, mundane, repetitive, it’s at risk of disruption.

What are the practice areas facing disruption?

Which practice areas are growing?

Unregistered 14-12-2021 03:59 PM

Quote:

Originally Posted by Unregistered (Post 193674)
Yeah was always thinking how to describe that culture.
You summed it up well

International firms generally have better culture.

Unregistered 14-12-2021 05:20 PM

Quote:

Originally Posted by Unregistered (Post 193676)
In time to come most of these work will become obsolete.
The smart ones in law are already transitioning to areas that will disrupt traditional roles like those described above.
When something is chillax, mundane, repetitive, it’s at risk of disruption.

Lol except that the industry as a whole is quite resistant to changes, and it's cheaper to maintain the status quo than "disrupt" the industry.

Also, clients will still want the human touch for even the most mundane work (e.g. document review and DD). I'm not certain why most doomsayers fail to realise that Law is a people-intensive industry for a reason. No matter how "advanced" the AI is for certain tasks, the Corporates will still pay more for the human touch (and to stave off AI/computer errors).

While change is inevitable in most industries, it will almost certainly be slow and gradual in Law. Not least of which because (in most cases) we would actually need to debate/amend laws, and insert updates that allow for xxx to be used/performed.

You can rest assured that even the most chillax jobs that most lawyers are working will not be obsolete till 20 years later (at minimum).

Unregistered 14-12-2021 05:38 PM

Quote:

Originally Posted by Unregistered (Post 193696)
Lol except that the industry as a whole is quite resistant to changes, and it's cheaper to maintain the status quo than "disrupt" the industry.

Also, clients will still want the human touch for even the most mundane work (e.g. document review and DD). I'm not certain why most doomsayers fail to realise that Law is a people-intensive industry for a reason. No matter how "advanced" the AI is for certain tasks, the Corporates will still pay more for the human touch (and to stave off AI/computer errors).

While change is inevitable in most industries, it will almost certainly be slow and gradual in Law. Not least of which because (in most cases) we would actually need to debate/amend laws, and insert updates that allow for xxx to be used/performed.

You can rest assured that even the most chillax jobs that most lawyers are working will not be obsolete till 20 years later (at minimum).

Lawyers no good one

Unregistered 14-12-2021 06:35 PM

A number of intl firms just up pay

Unregistered 14-12-2021 09:44 PM

Quote:

Originally Posted by Unregistered (Post 193701)
A number of intl firms just up pay

24k for 7PQE in international firm is that in line with market rate or too low?

Unregistered 14-12-2021 10:14 PM

Quote:

Originally Posted by Unregistered (Post 193723)
24k for 7PQE in international firm is that in line with market rate or too low?

I can't tell if you're trying to troll with a fake figure but that is actually too low LMAO for even silver circle and above

Unregistered 14-12-2021 10:47 PM

Quote:

Originally Posted by Unregistered (Post 193728)
I can't tell if you're trying to troll with a fake figure but that is actually too low LMAO for even silver circle and above

You do realize there are other genus of international firms besides MC and SC right? Such as the vereins, insurance specialist firms, shipping specialist firms, offshore finance firms, Continental (Euro non-UK) firms etc right?

Unregistered 15-12-2021 08:47 AM

Quote:

Originally Posted by Unregistered (Post 193737)
You do realize there are other genus of international firms besides MC and SC right? Such as the vereins, insurance specialist firms, shipping specialist firms, offshore finance firms, Continental (Euro non-UK) firms etc right?

Isn't it clear he understands exactly that which is why he qualified it by saying SC and above? And also we're on a SG salary forum, why are you talking about these firms which probably have exactly a singaporean count of 0?

Unregistered 15-12-2021 10:41 AM

Quote:

Originally Posted by Unregistered (Post 193782)
Isn't it clear he understands exactly that which is why he qualified it by saying SC and above? And also we're on a SG salary forum, why are you talking about these firms which probably have exactly a singaporean count of 0?

"...these firms which probably have exactly a singaporean count of 0"

If I can point you to one of these non SC or MC int'l firms which has a Singapore qualified lawyer / true-blue Singapore-pedigree lawyer in their SG office, your oh-so-confident assertion falls apart immediately. Wanna take up the bet?

Anyway this forum is highly blinkered and toxic. People here only seem to think 3 kinds of firms exist - Big 4, MC and SC. Are you guys seriously so tunnel visioned?

I get the fixation with prestige. Lawyers are such prestige wh*res. But surely you must realize that other kinds of international firms exist too? Or do you not even understand your market?

Unregistered 15-12-2021 12:34 PM

Quote:

Originally Posted by Unregistered (Post 193793)
"...these firms which probably have exactly a singaporean count of 0"

If I can point you to one of these non SC or MC int'l firms which has a Singapore qualified lawyer / true-blue Singapore-pedigree lawyer in their SG office, your oh-so-confident assertion falls apart immediately. Wanna take up the bet?

Anyway this forum is highly blinkered and toxic. People here only seem to think 3 kinds of firms exist - Big 4, MC and SC. Are you guys seriously so tunnel visioned?

I get the fixation with prestige. Lawyers are such prestige wh*res. But surely you must realize that other kinds of international firms exist too? Or do you not even understand your market?

Oof take a chill pill m8 when you start reacting emotionally to anonymous online forums you know you gotta stop reading them for a while

Unregistered 15-12-2021 01:25 PM

Quote:

Originally Posted by Unregistered (Post 193793)
"...these firms which probably have exactly a singaporean count of 0"

If I can point you to one of these non SC or MC int'l firms which has a Singapore qualified lawyer / true-blue Singapore-pedigree lawyer in their SG office, your oh-so-confident assertion falls apart immediately. Wanna take up the bet?

Anyway this forum is highly blinkered and toxic. People here only seem to think 3 kinds of firms exist - Big 4, MC and SC. Are you guys seriously so tunnel visioned?

I get the fixation with prestige. Lawyers are such prestige wh*res. But surely you must realize that other kinds of international firms exist too? Or do you not even understand your market?

The only firms i want to go are WS (white shoe) firm. I from NUS. So i disprove ur theory about people here only knowing 3 types of firms.

Unregistered 15-12-2021 01:26 PM

Quote:

Originally Posted by Unregistered (Post 193793)
"...these firms which probably have exactly a singaporean count of 0"

If I can point you to one of these non SC or MC int'l firms which has a Singapore qualified lawyer / true-blue Singapore-pedigree lawyer in their SG office, your oh-so-confident assertion falls apart immediately. Wanna take up the bet?

Anyway this forum is highly blinkered and toxic. People here only seem to think 3 kinds of firms exist - Big 4, MC and SC. Are you guys seriously so tunnel visioned?

I get the fixation with prestige. Lawyers are such prestige wh*res. But surely you must realize that other kinds of international firms exist too? Or do you not even understand your market?

If its not a WS or MC firm, no point applying


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