Quote:
|
Quote:
Short answer is no. I know a number of small firms looking for juniors and not being able to hire any due to difference in salary expectations and/or experience/qualification. Usually, they will just go without juniors and refer cases to their friends in the interim. It does not make sense to pay higher salaries for juniors in a small firm. What usually happens - and this has been explained quite a number of times already in this forum - is that you start off low and then from 3rd year onwards move to a profit-sharing model where you negotiate a cut of your files rather than a fixed salary. A lot of us make quite a decent living on this model. For sure it can't beat big4 salaries, but i would say that there is not much difference as compared to peers in many mid-size firms which do not offer profit-sharing so early. Downside is that you earn only as much as you are willing to work. Upside is that you earn only as much as you are willing to work. Contrary to popular belief, there is a lot of good quality work at this level/price-point. I've never experienced a situation where there wasn't enough work to go around. |
Quote:
|
Quote:
It would be a cold day in hell before the cheap slave-driving small and mid firms increase TC pay if this is not mandated. Some would in fact prefer to pay their trainees nothing if they could get away with it. After all, a certain mid sized firm in particular had even gone on the record publicly back in 2017 to extol their act of offering traineeships at no pay, as a point of pride and public service - the tone-deafness was astounding and I don't see any reason why the less-than-exemplary prevailing culture in the small and mid tiers of the legal industry would have changed. |
hello, JC2 student here looking into going into law.
what's the pay like for a fresh grad in big 4 now? and how about as a lawyer of 5 years' standing? i've seen so many figures being thrown around without elaboration (5.xk, 7k etc) and its a little confusing. and i assume there is no bonus? |
Quote:
s://oliver-dev.s3.amazonaws.com/2022/05/17/09/00/05/1b2fd1cc-778e-4762-a829-ce6c6e1aa291/Taylor%20Root_SingaporeSEA_PrivatePractice%202022. pdf |
Quote:
|
anyone got any news abt who got CC frm class of 2023?
|
Quote:
|
Quote:
|
Quote:
And if salary is your only concern, there are better ways to make a lot of money. |
Since some of you were asking…
s://clarencelunsgdt.tiiny.site/ |
Quote:
Someone needs to hold a "Run" sign when juniors go interviewing. |
Quote:
|
Fervent life balance
So how is the fervent life balance?
|
Quote:
|
how much do JLCs make?
|
How bad is an associate's life in a BIG4 law firm?
|
Quote:
yet you have 9000 over bundles to finish and 7000 subs to draft at 2 am pls remember to reach office by 7.30’am for 9 am hearing |
Quote:
|
What happen to Atlas Asia? why all move over to Dentons Rodyk
|
does anyone know what B4 + TSMP/Dentons retention look like this year?
|
Quote:
No point hanging out with the bean counters. Commoditized work and bespoke work like law, don't mix |
any cheap and good places to tailor a blazer? gonna start doing liti soon and i need to stock up
|
Quote:
|
Quote:
|
Quote:
No one takes Rodyk seriously |
Trainee here about to called to Bar in August
I am in litigation and finds life very tiring and mundane. most of my time are just research and doing bundles and drafting submissions. I have a few questions How useful are these experience compared to corp skills and experience? what is the end goal usually? liti go in-house ? easy? |
Liti go in-house not that easy. Just pop into mycareersfuture and check the req for in-house jobs. Very rarely they’re looking for no corporate background.
|
Quote:
Litigation adds extra steps (as compared to a corporate practice) if you want to go in-house. Only stick with litigation if you want to continue litigation. The end goal is obviously higher value and higher profile disputes cases, becoming known in the market as a star litigator, and possibly eventually Senior Counsel (1 in a 1000 odds maybe?) or Supreme Court Judicial Officer (1 in 10,000 maybe). This lack of exit options is particularly acute for general commercial litigation. Even if you're working in a top tier liti/arbi team, the reward of being the top dog here, is simply more litigation. Ironically, it is the specialist-focused disputes teams (i.e. the ones that service a particular industry & don't routinely take on the highest profile commercial disputes) that have better in-house options, because such litigators transition naturally to an in-house role in that particular industry. What I'm talking about are insurance, marine, restructuring & insolvency, criminal (defence & prosecution), employment and intellectual property etc. Specialist litigators in these areas are routinely hired by ex-clients and players in these industries. |
Quote:
|
Quote:
|
Quote:
There are about 5000 practising lawyers in Singapore. Even assuming half of them are in litigation, and assuming also that half of the close to 100 SCs - or 50 - are still actually in litigation, then you have about a 2% chance of becoming a Senior Counsel. Same with being a Supreme Court Judicial Officer. There are some 20 odd judges in the Supreme Court. Even just assuming half of them - plucking a random number out of thin air, let's say 15 - are from legal service and you assume a legal service of about 500 people, you're again looking at a 3% chance of landing in the Supreme Court. The percentages may be slightly less from the private sector but again, nowhere close to the dire numbers you cite. These numbers are rough and ready but at least they have some basis. And I didn't just state random numbers I made up to support my point. TLDR: It's not unrealistic to aspire to be an SC or a Judge. It's difficult, for very good reason I would reckon given the prestige and responsibilities that follow either of these tracks. But don't for a second believe the false numbers the OP plucked out of nowhere. If we want a debate on options, let's actually not just make up numbers as this just obfuscates the discussion. |
Since we are in this topic of litigation moving to in-house , for those who moved
Why did you want to move? Why did you not stay and be a senior associate or junior partner? When did you move? Did you have a pay rise? Did you have to take a pay cut? Are you worried that the pay increase yearly will not be as good as if you had stayed in practice? and for those who stayed through? Is life easier in litigation practice or going in-house? |
Quote:
You want to talk about having basis but your logic also a bit flawed sia. |
Quote:
|
Quote:
Left liti because of the workload and increasingly tight timelines i.e. working into the early mornings almost daily - and with the new ROC, it may become worse. I didn't see myself doing that for the next 5 to 10 years. Left at 3pqe from big4, currently doing corp inhouse. Took a 20% paycut (the new salary has no front load) because of lack of exp in corp work. Pay and increment wise, its a bummer but I knock off at 5pm punctually and never have to check email inbox on weekends. In-house life is way easier, I cannot even explain how much I appreciate the hard choice made. The bonus kinda makes up for the monthly diff. Advice: Revise expectations. You don't need so much money to live when you are not having a life. |
Quote:
Not rocket science. Geez. No wonder the common refrain from lawyers that "I cannot do Math." |
Wee Swee Teow good firm? What's the pay and culture like.
|
dear seniors,
I am going to start my TC in the Financial Services Dept of one of the big 4 firms in Singapore. From what I know, the partners share the rooms with their assocs. Is this practice area a good place to start my career if I eventually wish to go in-house/international firms? |
All times are GMT +8. The time now is 09:51 PM. |
Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2