Lawyer Salary - Page 380 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Lawyer Salary

Reply
 
Thread Tools
  #3791 (permalink)  
Old 16-11-2018, 01:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I agree that it will largely affect the small-mid firms. The fees are still no where near high enough for "high value" litigation work. Fees in a big firm for a 10mn file can range from 600k to 1m. The difference is that clients who require "high value" work are far more likely to agree to exclude scaled fees.

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.
This seems to be the end result of the legal industry in a lot of developed markets - the US legal profession is also highly stratified with two humps.

https://www.biglawinvestor.com/bimod...ibution-curve/

i.e get good or get out before its too late - other industries are more forgiving



SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #3792 (permalink)  
Old 16-11-2018, 04:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I think Shen Yi's article on law watch today sums it up well. Either go to international firms and do arbitration, or leave the litigation bar entirely. Seriously planning to move before the reforms kick in.
No need to scaremonger. The reforms won't be passed as is; the backlash from the private sector is too strong. Wait until the actual terms of the reform are finalised before making any decision.

Reply With Quote
  #3793 (permalink)  
Old 16-11-2018, 04:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
This seems to be the end result of the legal industry in a lot of developed markets - the US legal profession is also highly stratified with two humps.

https://www.biglawinvestor.com/bimod...ibution-curve/

i.e get good or get out before its too late - other industries are more forgiving
LOL. All these new regulations are implemented by ex-big 4 lawyers (Indranee & Shanmugam) who milked the system in the golden years and are now screwing everyone else.

Reply With Quote
  #3794 (permalink)  
Old 16-11-2018, 10:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Hi does any one know if it is the norm for NQs to be paid prorated bonus this coming December?
Reply With Quote
  #3795 (permalink)  
Old 17-11-2018, 01:02 AM
Unregistered
Guest
 
Posts: n/a
Default

corp lawyers are smarter. Either they're smart enough to keep their mouth shut and quietly bill their rich clients, or they look at banks and realise they're in fact charging peanuts compared to bankers

It's the litigators who always go looking for trouble and have the loudest mouths. These cjc people have this strange and warped misconception that lawyers are always overcharging the poor man in the street. This scale costs reform is a prime example of trying to fix a non existent problem.

The truth is, legal services on the whole is bloody cheap in Singapore. If you can't afford to shop at fairprice finest, go to sheng siong! It's really that simple!

Actually if you look at the loonies from the bar, the vast majority of them are litigators. I suppose having delusions of grandeur is a self selective trait in litigation
Reply With Quote
  #3796 (permalink)  
Old 17-11-2018, 12:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
corp lawyers are smarter. Either they're smart enough to keep their mouth shut and quietly bill their rich clients, or they look at banks and realise they're in fact charging peanuts compared to bankers

It's the litigators who always go looking for trouble and have the loudest mouths. These cjc people have this strange and warped misconception that lawyers are always overcharging the poor man in the street. This scale costs reform is a prime example of trying to fix a non existent problem.

The truth is, legal services on the whole is bloody cheap in Singapore. If you can't afford to shop at fairprice finest, go to sheng siong! It's really that simple!

Actually if you look at the loonies from the bar, the vast majority of them are litigators. I suppose having delusions of grandeur is a self selective trait in litigation
Litigators overcharging clients? I am reminded of the Susan Wong case run by Alvin Yeo. Anyone who has seen Alvin yeo in court would agree that someone of his calibre should be charging alot less.
Reply With Quote

  #3797 (permalink)  
Old 17-11-2018, 03:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Litigators overcharging clients? I am reminded of the Susan Wong case run by Alvin Yeo. Anyone who has seen Alvin yeo in court would agree that someone of his calibre should be charging alot less.
Susan Lim you mean? I think if she wins paying 1million is fine.

Instead of contingency fees, we are going on an opposite direction.
Anyway, ultimately what is fair charging is subjective and dependent on who you ask.

But pricing control can be a good tool to control cost. Surgeons already have fees benchmarks.
Reply With Quote
  #3798 (permalink)  
Old 18-11-2018, 12:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Susan Lim you mean? I think if she wins paying 1million is fine.

Instead of contingency fees, we are going on an opposite direction.
Anyway, ultimately what is fair charging is subjective and dependent on who you ask.

But pricing control can be a good tool to control cost. Surgeons already have fees benchmarks.
Shan said contingency fees is a no no as it will encourage a litigious society. Arguably fee caps will have the same unintended effect as litigants will try their luck knowing their exposure is limited.

Pricing control is a blunt tool and only effective if you are providing a commoditised service. Litigation isn't a commoditised service, except at the low level.

Anyone who wants to shift litigation to a commoditised model, I hope you get sued or charged sooner rather than later. Believe me when that happens, you'll be eating your words and demanding personalised 24 hour service even from your bargain-priced Chinatown litigator.
Reply With Quote
  #3799 (permalink)  
Old 19-11-2018, 05:57 PM
Unregistered
Guest
 
Posts: n/a
Default

What are your thoughts on TSMP Corp?
Reply With Quote
  #3800 (permalink)  
Old 20-11-2018, 12:19 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by unregistered View Post
what are your thoughts on tsmp corp?
cutting edge wall street work bro
Reply With Quote
Reply

Bookmarks

Tags
advocate, law, lawyer, legal, solicitor

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
From Lawyer Insider: Life is Glamorous but Unsatisfying Salary.sg Income and Jobs 31 15-01-2018 12:40 PM

» 30 Recent Threads
How is life as a doctor in... ( 1 2 3... Last Page)
511 Replies, 601,518 Views
Compare civil service salary ( 1 2 3... Last Page)
7,448 Replies, 4,311,377 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
952 Replies, 757,928 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
206 Replies, 66,328 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,245 Replies, 1,070,333 Views
Associate in DBS ( 1 2 3... Last Page)
145 Replies, 189,807 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,907 Replies, 723,952 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
497 Replies, 244,887 Views
Salaries of Professors in SG ( 1 2 3... Last Page)
127 Replies, 193,405 Views
Constituency Manager (People... ( 1 2 3... Last Page)
679 Replies, 330,373 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
70 Replies, 56,351 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,077 Replies, 1,352,127 Views
UOB Management Associate Program ( 1 2 3... Last Page)
190 Replies, 106,986 Views
Queries about Cpib application ( 1 2 3... Last Page)
915 Replies, 366,448 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,400 Replies, 353,945 Views
Really that bad for engineers? ( 1 2 3... Last Page)
1,213 Replies, 797,467 Views
Lawyer Salary ( 1 2 3... Last Page)
4,069 Replies, 1,397,029 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,255 Replies, 430,865 Views
Exxonmobil ( 1 2)
14 Replies, 11,623 Views
GIC career ( 1 2 3... Last Page)
185 Replies, 242,531 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
79 Replies, 46,203 Views
Foreigner in Banking Industry
4 Replies, 436 Views
Govtech bonus ( 1 2 3)
22 Replies, 2,622 Views
Enterprise Singapore hiriing... ( 1 2)
15 Replies, 3,604 Views
Asset Management Salary and... ( 1 2 3)
20 Replies, 6,563 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,170 Replies, 570,489 Views
anyone working at NCS ? ( 1 2 3... Last Page)
269 Replies, 202,361 Views
Salary Calculation
3 Replies, 476 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
781 Replies, 556,296 Views
OCBC Graduate Talent Programme... ( 1 2)
15 Replies, 4,370 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:06 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2