Lawyer Salary

Originally Posted by Unregistered

Eversheds Harry Elias has aligned the Singapore payscales with our UK counterparts. NQ associates now start on SGD8k.

Cool, except that SGD 8k works out to GBP 54k per annum, which is most definitely NOT what Eversheds pays its NQs in London. Its more like GBP 72k p/a. Remember they're a silver circle firm

But I'm all for paying associates more. Lawyers are seriously underpaid overworked and exploited in Singapore

Anybody knows why Davinder Singh left drew? Is it worth it joining his new firm? Will the pay be highest in the SG market?

Originally Posted by Unregistered

Cool, except that SGD 8k works out to GBP 54k per annum, which is most definitely NOT what Eversheds pays its NQs in London. Its more like GBP 72k p/a. Remember they're a silver circle firm

But I'm all for paying associates more. Lawyers are seriously underpaid overworked and exploited in Singapore

Agree with you.$ 8,000 is actually quite little for an international firm. Plus the amount of work and hours, Singapore law firms salary is way behind hk and uk

Originally Posted by Unregistered

Cool, except that SGD 8k works out to GBP 54k per annum, which is most definitely NOT what Eversheds pays its NQs in London. Its more like GBP 72k p/a. Remember they're a silver circle firm

But I'm all for paying associates more. Lawyers are seriously underpaid overworked and exploited in Singapore

Except that you should also factor in the much higher taxes (30-40%) NQs in London will be subject to, and the expensive rent in London. Hence an associate paid 8k here may be better off than an associate paid 70+k GBP in London.

Originally Posted by Unregistered

Except that you should also factor in the much higher taxes (30-40%) NQs in London will be subject to, and the expensive rent in London. Hence an associate paid 8k here may be better off than an associate paid 70+k GBP in London.

More importantly, it's doubtful that HE is paying NQs $8k/month here. The only way that's conceivable is if they recruit the trainee straight into the Eversheds side (rather than the HE side), which is still very unlikely.

In any, case the Big Four, TSMP, O&B have all dropped starting salaries to <$7k/month. Doesn't make sense now for them to increase salaries.

Originally Posted by Unregistered

Anybody knows why Davinder Singh left drew? Is it worth it joining his new firm? Will the pay be highest in the SG market?

Probably retirement. Many law firms have partnership agreements that end when a partner is 60+. If the older generation of leaders don't leave, the younger generation cannot move up and may be tempted with offers elsewhere, which is bad for a firm's succession.

Originally Posted by Unregistered

More importantly, it's doubtful that HE is paying NQs $8k/month here. The only way that's conceivable is if they recruit the trainee straight into the Eversheds side (rather than the HE side), which is still very unlikely.

In any, case the Big Four, TSMP, O&B have all dropped starting salaries to <$7k/month. Doesn't make sense now for them to increase salaries.

Agree with this but would be nice to have someone from Eversheds-HE confirming whether NQ salary has actually been raised to match international standards. If true, this could precipitate a huge shift in attitude towards JLVs/FLAs, which are currently seen as a waste of time unless you get hired into the international side.

Does anyone know what's the NQ salary at Simmons & Simmons JWS? Would it be closer to Baker McKenzie or closer to Hogan Lovells Lee & Lee? Thanks

Originally Posted by Unregistered

Does anyone know what's the NQ salary at Simmons & Simmons JWS? Would it be closer to Baker McKenzie or closer to Hogan Lovells Lee & Lee? Thanks

Let me guess.. You must still be a law student

There's no such thing as Hogan lovells Lee & Lee

Just a reminder to everyone reading this forum at 1am to rest well and take care of yourselves! Even Cravath pay won't make up for poor health.