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Anw most of the time a fresh grad's starting salary even at BB banks is only around 10k. |
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Mark Zuckerberg Emma Watson Daniel Radcliffe The list goes on... |
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State your salaries!!!!
OK, so end of the year is coming. That means 2016 is coming. That means bonus season is coming. That means for all the overworked and dissatisfied associates, its time to think about jumping to greener pastures!!!
All across the board industry-wide, firms are using the excuse of a "recession" to push salaries downwards. Let's help one another out by bringing more transparency to this area. State your salary, PQE, expected bonus, any change from previous years. Name the firm too if it doesn't jeopardize you...there are only that many mid-to-big size law firms in Singapore. eg: Firm: XYZ LLP PQE: 2 Salary: XXXX Expected bonus: XX months Say NO to exploitation! |
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can any experienced seniors tell me if its worth going to private practice if i dont want to make partner or go in-house? have decided that neither of these options appeal to me and i want to have a non-law career. shld i still try for practice or shld i just go straight to non-law.
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Let's face it. Most of us in this world have to make a living doing things that we don't absolutely love. Lawyers are no different. I wish I could tell you I was passionate about my job, but I'm not. I'm just another paper pusher trying to get by in a harsh, expensive world. My job pays for three square meals and allows for some trappings of luxury, and I'm satisfied. You seem like you're close to graduation, and if you choose to do something non-law, you do so with your eyes wide open. You'll be forsaking the safety of an industry which pays well above market rate for the wild unknown. If you are confident that you're a smart, enterprising individual who can find a better job or start a successful business, by all means follow your dream. If however you simply wish to "do something else" because our hard work and long hours seem unpalatable, you'll probably end up disillusioned because there's no free lunch (or in fact, no easy lunch) in this world unless you're born with a silver spoon in your mouth. Everywhere you go in this country, your employer will work you to the bone. If you're destined to work hard anyway you might as well do law, which at least compensates you for it. |
Actually I don't think lawyer working hours are really that bad considering the pay. Most of my friends in this field are reporting 80 hour work week on average and drawing 5k+ for associate and bonus easily 4-6 mths depending on firm.
Compare to let's say an audit associate in Big 4, all-in maybe 70 hours a week drawing 2.8k + 2 months bonus. Given a choice most people will still choose lawyering. |
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