Lawyer Salary

Originally Posted by Unregistered

Exactly. Only those who are incapable of going into IB/MC will continue with law.

I wouldn't make such a blanket statement. In the US at least, Biglaw stands beside IB and MC in terms of prestige. Many IB analysts actually quit their jobs to go to law school before gunning for a spot in the big law firms.

Of course in Singapore it is vastly different because lawyer salaries (and legal fees in general) are so laughably depressed it is almost pathetic. Prestige is of course far lower. Case in point, the recent ill-fated attempt to impose scaled costs.

In fact, the word "lawyer" for most people here probably still conjures up images of the typical chinatown white-and-black court attired State Courts litigator, as opposed to the corporate lawyers in the major financial centres like NY and London.

Originally Posted by Unregistered

Exactly. So if making money is your priority, then this is the path you should take.
Granted you can do a law degree, that doesn’t mean you have to be a lawyer.
You can always angle your CV towards IB/MC.
What’s stopping a person from doing that? Nothing.

This only applies to law students. How would you suggest a law graduate or someone who has been working in the legal sector to angle his CV towards IB or MC? Not practical advice.

Originally Posted by Unregistered

I wouldn't make such a blanket statement. In the US at least, Biglaw stands beside IB and MC in terms of prestige. Many IB analysts actually quit their jobs to go to law school before gunning for a spot in the big law firms.

No it isn't and no they don't.

Originally Posted by Unregistered

No it isn't and no they don't.

ok boss whatever you say

Originally Posted by Unregistered

This only applies to law students. How would you suggest a law graduate or someone who has been working in the legal sector to angle his CV towards IB or MC? Not practical advice.

u don't. only people who are prestige whores think finance is the be all and end all.

generally u choose a path and commit to it because u have some interest in the field and think its a worthwhile field to make a career out of

if you're in the legal industry, u can sit on the fence and hold out for the next better law firm that comes along. but u can't sit on the fence and choose between law or finance. because in the real world, companies want to see real results you can bring to the table not what you think is more prestigious for u.

its not all about u and changing sectors/industries is not like changing girlfriends.

What is the trainee salary
what is the new associate salary
for big four
and
for international firm

easy to move from big four trainee to international firm?

Originally Posted by Unregistered

Exactly. Only those who are incapable of going into IB/MC will continue with law.

Agree wholeheartedly. The fact remains that our best legal minds go on to join non-legal fields such as IB/MC.

The cream of the crop with unblemished moral fortitude are further poached to serve the lay people by becoming politicians.

Originally Posted by Unregistered

Agree wholeheartedly. The fact remains that our best legal minds go on to join non-legal fields such as IB/MC.

The cream of the crop with unblemished moral fortitude are further poached to serve the lay people by becoming politicians.

Yes. Just look at Hillary and Bill Clinton. Truly of unblemished moral fortitude.

Nobody cares about IB/MC when lawyer salaries simply blow those out of the water. See Clifford Chance starting salary of $12k.

Originally Posted by Unregistered

Nobody cares about IB/MC when lawyer salaries simply blow those out of the water. See Clifford Chance starting salary of $12k.

Haha mate,do you happen to be called Patrick and have a sponge for a best friend?

Starting IB salaries in Singapore are around 10-12k base, with bonus this shoots to around 16k

Fact: IB is more lucrative and prestigious than big law at every compensation level