Lawyer Salary

Originally Posted by Unregistered

What I have been hearing is that many UK law grads have stopped pursuing law as a career after graduation in part due to Part A and the shrinking opportunities

Not surprising. Company Law is the killer, I heard

Originally Posted by Unregistered

Not surprising. Company Law is the killer, I heard

Part A company law isn't the issue really.

its UK / Aussie law school standards are by and large too lax. really. this isn't about the aptitude or intelligence of overseas vs local students

this is really about conditioning. local law school is intense

if all the while you've only been pushing yourself to run 2.4 km in 14 minutes, obviously you aren't gonna clock sub 9 minutes during IPPT.

Wow...the Samuel Seow videos are truly shocking...

Originally Posted by Unregistered

Part A company law isn't the issue really.

its UK / Aussie law school standards are by and large too lax. really. this isn't about the aptitude or intelligence of overseas vs local students

this is really about conditioning. local law school is intense

if all the while you've only been pushing yourself to run 2.4 km in 14 minutes, obviously you aren't gonna clock sub 9 minutes during IPPT.

but i rarely see oxbridge/LSE grads struggle in practice

Originally Posted by Unregistered

Nor does Morgan Lewis Stamford, Dentons Rodyk etc.

But I heard that the pay in such firms are generally better than many other “purely local” firms. May not be as much as MC/SC/US but it’s not too bad?

Originally Posted by Unregistered

Salary post for those interested after qualification (compilation from prev threads)

CC: double-digits
Baker: 7.5k
WP: 6k
R&T: 5.8k
A&G: 5.6k
Drew: 5.6k
Rodyk: 5.5k
TSMP: 5k
L&L: 4.5k
RHT: 4.5k

Legal service (incld JLC): 4.8/4.4k (with NS, 1st/2.1); 4k/3.8k (wo NS, 1st/2.1) - seems low but this is payable from part b/RLT onwards and there is a further increment after 1 year or so

Is this still accurate? Also, does anyone know what the bonus structure is like in law firms? I’m assuming that the numbers above are pre-bonus, so after front loading a 4.5k monthly salary may become 5.6k?

What’s the average allowance for TC now?
Heard anywhere between 1.5-2.5 (is 2.5 real?)

Originally Posted by Unregistered

What’s the average allowance for TC now?
Heard anywhere between 1.5-2.5 (is 2.5 real?)

Should still be about $2k. I haven't heard of anyone getting $2.5k, but maybe some firms do it.

Originally Posted by Unregistered

Is this still accurate? Also, does anyone know what the bonus structure is like in law firms? I’m assuming that the numbers above are pre-bonus, so after front loading a 4.5k monthly salary may become 5.6k?

These numbers are after the front load. So if the firm declares 3 months bonus, you will get perhaps 0.5 months thereabout.

Originally Posted by Unregistered

These numbers are after the front load. So if the firm declares 3 months bonus, you will get perhaps 0.5 months thereabout.

So this means that the actual pay without bonus is only 3.6k? That’s pathetic!