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  #4201 (permalink)  
Old 22-04-2019, 08:07 PM
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Life in international firms is harsh but rewarding. Pay is better than anything a law student would ever imagine. Silver circle firms start their NQs at about 10k, while magic circle firms do about 12k. You’d be an “NQ” when you finish SG 2PQE. Monthly salaries generally increase by 2k each year thereafter until Year 8-10 or so, which is quite decent.

US firms pay even better, but generally work you somewhat harder (though i’d say the higher pay more than justifies this additional burden).

My advice is always to jump out of a big4 and go international as soon as you can. Then pull yourself all the way to the highest tier you can reach (Magic Circle or White Shoe ideally).

Sorry i can’t say much about work life balance. It’s a tough profession which rewards the tough. Definitely not a bed of roses. Been in the game 9 years and it doesn’t get any easier...

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  #4202 (permalink)  
Old 23-04-2019, 08:33 PM
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Life in international firms is harsh but rewarding. Pay is better than anything a law student would ever imagine. Silver circle firms start their NQs at about 10k, while magic circle firms do about 12k. Youíd be an ďNQĒ when you finish SG 2PQE. Monthly salaries generally increase by 2k each year thereafter until Year 8-10 or so, which is quite decent.

US firms pay even better, but generally work you somewhat harder (though iíd say the higher pay more than justifies this additional burden).

My advice is always to jump out of a big4 and go international as soon as you can. Then pull yourself all the way to the highest tier you can reach (Magic Circle or White Shoe ideally).

Sorry i canít say much about work life balance. Itís a tough profession which rewards the tough. Definitely not a bed of roses. Been in the game 9 years and it doesnít get any easier...
Idk what youíre on about. Trainee at an MC firm and Iím generally out the door by 7, maybe staying till 8 once or twice a week. Work life balance still not good compared to other jobs but amazing compared to the local firms.

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  #4203 (permalink)  
Old 24-04-2019, 12:28 AM
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Idk what youíre on about. Trainee at an MC firm and Iím generally out the door by 7, maybe staying till 8 once or twice a week. Work life balance still not good compared to other jobs but amazing compared to the local firms.
Been there done that young un... Year 4 Associate at a White Shoe firm in SG, full Cravath rates. And I took a huge discount coming over from an MC firm, where i was already a senior associate. The pay is amazing but the life is crap.

I canít speak for all MC firms, but iíve been in CC and iím well aware that if youíre a trainee in an MC firm and youíre going home at 7pm, youíre in a spot of trouble. CCís annual utilisation requirements for associates is 1800 billable hours. And when you factor in sick leave, holidays, reservist etc, you need at least 8+ billable hours a day to hit that target.

As an associate in CC if you miss that target, you get a measly half month bonus, and nasty looks from a grumpy boss. If you consistently miss that target as a trainee, I would suggest you start preparing your CV, as MC firms are big on utilisation and they donít like deadweights.

You might think 8 hours a day ainít half bad. You can cram those in from between 9am and 7pm. Well, wait till you become an Associate and start managing trainee development programmes, BD, billing, matter management, knowhow, internal events, business travel and other activities which take up craploads of time without upping your utilisation. Then revisit this thread and tell me whether averaging 8 billable hours a day is a walk in the park.

And then, if you ever make the jump to a white shoe firm... 2100 billable hours a year await you.

Still think practice is going to be a walk in the park?

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  #4204 (permalink)  
Old 24-04-2019, 07:36 AM
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Been there done that young un... Year 4 Associate at a White Shoe firm in SG, full Cravath rates. And I took a huge discount coming over from an MC firm, where i was already a senior associate. The pay is amazing but the life is crap.

I canít speak for all MC firms, but iíve been in CC and iím well aware that if youíre a trainee in an MC firm and youíre going home at 7pm, youíre in a spot of trouble. CCís annual utilisation requirements for associates is 1800 billable hours. And when you factor in sick leave, holidays, reservist etc, you need at least 8+ billable hours a day to hit that target.

As an associate in CC if you miss that target, you get a measly half month bonus, and nasty looks from a grumpy boss. If you consistently miss that target as a trainee, I would suggest you start preparing your CV, as MC firms are big on utilisation and they donít like deadweights.

You might think 8 hours a day ainít half bad. You can cram those in from between 9am and 7pm. Well, wait till you become an Associate and start managing trainee development programmes, BD, billing, matter management, knowhow, internal events, business travel and other activities which take up craploads of time without upping your utilisation. Then revisit this thread and tell me whether averaging 8 billable hours a day is a walk in the park.

And then, if you ever make the jump to a white shoe firm... 2100 billable hours a year await you.

Still think practice is going to be a walk in the park?
Second this. I'm currently a trainee at an international law firm. The only time I'm going home at 7/8 is when (1) I'm going to work from home till 2am, or (2) it's a very bad lull period. My usual day is at least 9 hours (billable/no billable) hours. Peak periods can be easily 14-15 hours for weeks.

As an associate our cutoff is 1600 hours billable. With the nonbillables it can easily hit 2100.
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  #4205 (permalink)  
Old 25-04-2019, 06:21 PM
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Second this. I'm currently a trainee at an international law firm. The only time I'm going home at 7/8 is when (1) I'm going to work from home till 2am, or (2) it's a very bad lull period. My usual day is at least 9 hours (billable/no billable) hours. Peak periods can be easily 14-15 hours for weeks.

As an associate our cutoff is 1600 hours billable. With the nonbillables it can easily hit 2100.
Eversheds Harry Elias doesnít count.
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  #4206 (permalink)  
Old 25-04-2019, 06:29 PM
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Eversheds Harry Elias doesnít count.
Nor does Morgan Lewis Stamford, Dentons Rodyk etc.
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  #4207 (permalink)  
Old 25-04-2019, 07:23 PM
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Nor does Morgan Lewis Stamford, Dentons Rodyk etc.
Yeah hilarious that ppl in such firms think they are in international.
International is Milbank, White & Case, those kind
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  #4208 (permalink)  
Old 25-04-2019, 09:44 PM
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Yeah hilarious that ppl in such firms think they are in international.
International is Milbank, White & Case, those kind
Huh I think everyone who's a practising lawyer knows that unless you're a student of course
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  #4209 (permalink)  
Old 26-04-2019, 03:15 AM
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3 am... mbfc firm... am i going to be retained...


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  #4210 (permalink)  
Old 26-04-2019, 03:15 AM
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Huh I think everyone who's a practising lawyer knows that unless you're a student of course
Except then when they say "international" instead of "MC/SC/US", its more likely than not just someone whos severely deluded into thinking their JLV means anything.
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