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Sorry if i misread, but you were making abt 3.5k at 2 year pqe? Or 14k? |
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I thought he meant he used to earn abt 3.5k and it doubled when he went in house Not sure why anyone would take a 50% paycut Or who is earning 14k at 2y pqe |
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Pretty sure it's this. |
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From the way he wrote i guess he's in liti Given what he was earning I guess in a smallish firm Not a bad dec to go in house i guess |
Anyone concerned about the recent proposal to scale fees in litigation / limit our earnings? Will this cause a drop in the salary of litigation associates?
Personally I think this will affect the small-mid firms the most who do the bulk of low-mid value litigation work. For high value litigation work, the rewards are still there e.g. for a 10m claim the cap is about $140k (still lower than now of course). Also doesn't affect international arbitration. Is it still viable to go into liti? |
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What I think will be the end result would be further stratification of the legal profession. As fees for the small to mid firms go down, these firms will push down their juniors salaries. Coupled with the new rules on qualification, the legal profession will become less and less of an attractive proposition. This will eventually lead to a lack of juniors. We'd become more and more like the HK legal market. Probably not the intended result. |
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After spending some time working in-house, \with salary increments, he is earning $7k now, which he thinks should be $1k more than what he would have been earning if he stayed in practice (i.e. his pay would have only gone up to $6k in private practice, in the same time he has spent in-house). |
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https://www.biglawinvestor.com/bimod...ibution-curve/ i.e get good or get out before its too late - other industries are more forgiving |
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