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  #4041 (permalink)  
Old 04-02-2019, 09:29 PM
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When they pay you US$180k the day you qualify as a newly qualified lawyer, and this goes up 10-15k USD per year, reaching US$340k (basic) in your 7th year, 24h also can give to them.
Because 40 can reach partnership, and u earn $2-3M a year
Partnership in a US law firm is insanely tough to get. Most people exit the ladder after year 8 without partnership, and go in-house or go to UK outfits as partners (where partners earn significantly less). Not a bed of roses.

Itís US$190k btw, 180 is outdated.

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  #4042 (permalink)  
Old 05-02-2019, 07:18 AM
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Anyone has idea about big 4 fresh assoc salary?

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  #4043 (permalink)  
Old 05-02-2019, 10:53 AM
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Sheridan fellows are not lecturer or assistant prof lah.
They are training to be one, like a practice trainee is not an associate but merely training to be one. Same reasoning.
ok so rephrase - good to join and be sheridian fellow (nus) or lecturer (smu) without PQE? sheridian/lecturer same status ahaha.

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  #4044 (permalink)  
Old 05-02-2019, 10:54 AM
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Anyone has idea about big 4 fresh assoc salary?
5.5k thereabouts, frontloaded. work until 12 midnight everyday, weekends included.
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  #4045 (permalink)  
Old 05-02-2019, 11:15 AM
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5.5k thereabouts, frontloaded. work until 12 midnight everyday, weekends included.
How come? I thought 5.5k is not frontloaded ppl still get 3 months bonus
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  #4046 (permalink)  
Old 05-02-2019, 12:14 PM
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Partnership in a US law firm is insanely tough to get. Most people exit the ladder after year 8 without partnership, and go in-house or go to UK outfits as partners (where partners earn significantly less). Not a bed of roses.

Itís US$190k btw, 180 is outdated.
Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.
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  #4047 (permalink)  
Old 05-02-2019, 04:56 PM
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How come? I thought 5.5k is not frontloaded ppl still get 3 months bonus
Market is bad and too many law grads?
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  #4048 (permalink)  
Old 05-02-2019, 07:27 PM
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Quote:
Originally Posted by Unregistered View Post
Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.
And I might add, most US firm associates donít make even of counsel. Of counsel is an honour accorded only to the technically oustanding associates without a book of business. Of counsel make in excess of USD700k per year or more (depending on seniority), and donít face billing pressure (though they still do BD, their butts arenít on the line at the end of the fiscal year. Those who donít make of counsel are either asked to take their last drawn pay (US$440k per year including bonuses) or leave.

That said, exit opportunities for US end of ladder associates are pretty good.

Life in US firms can be brutal, but all in all very rewarding. Iíd do it all over again though, given the superior risk reward profile it offers over local firms.
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  #4049 (permalink)  
Old 05-02-2019, 08:09 PM
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wahhahaha what a hilarious joker please see a doctor for your split personality or bipolar disorder it can be kept under control given recent advancements in medical tech and if you keep to your medicinal routine
It could be held under control without any tech/routines. Simple and cheap dugs help people with the disorder. Cbd works well visit site.
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  #4050 (permalink)  
Old 07-02-2019, 01:04 AM
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Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.
I think this applies more if you're trying to make partner in the Singapore office of a MC/US firm. Whereas in London, given the number of institutionalized clients there, there's much less of a focus on "sales" in corporate and finance work.
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