Lawyer Salary

Originally Posted by Unregistered

Salary of NQ (UK PQE) in magic circle firm is $14k

What kind of profile do they hire from?
Need FCH? Or connections?

Originally Posted by Unregistered

What kind of profile do they hire from?
Need FCH? Or connections?

No. i was from a non-Big4 and see Big4 people floundering in this MC and other MC firms. just work hard and be sensible.

then how did you get into the MC firm?
you applied after TC?
What is your area of practice?

I’m sure we all worked very hard but what makes you so special ?

Training in a corporate department now, is it possible to move to litigation after getting called?

Originally Posted by Unregistered

then how did you get into the MC firm?
you applied after TC?
What is your area of practice?

I’m sure we all worked very hard but what makes you so special ?

Not liti. Yes we all work very hard, but you need to do work and have good cv that shows you REALLY work very hard and dun just saunter home at 8pm and say you had a long day. any more than this and i may be identified so sorry.

Would you all rather do high value insurance work in a boutique dispute resolution firm or crossborder restructuring and insolvency in a big firm, assuming the pay is the same?

Originally Posted by Unregistered

Would you all rather do high value insurance work in a boutique dispute resolution firm or crossborder restructuring and insolvency in a big firm, assuming the pay is the same?

high value insurance work = commercial litigation for a specific sector, essentially

go for insolvency.

thanks for your reply poster #4908! Is it a concern that insurance is industry specific? I was under the impression that specialising in a niche area would be a good thing, and that restructuring is more generic than insurance litigation. Thus, career opportunities in the future would be better with insurance as according to a friend "every insurance company will want to employ you should you go in-house."

Thanks in advance for any replies. Much appreciated!

Originally Posted by Unregistered

thanks for your reply poster #4908! Is it a concern that insurance is industry specific? I was under the impression that specialising in a niche area would be a good thing, and that restructuring is more generic than insurance litigation. Thus, career opportunities in the future would be better with insurance as according to a friend "every insurance company will want to employ you should you go in-house."

Thanks in advance for any replies. Much appreciated!

Insurance is not a bad sector to be specializing in private practice tbh. it provides good solid mandates. insurance teams in big 4 and international insurance-focused firms always have work because there are always loss events. nothing sexy, but it more than puts food on the table

your exit options will naturally be in the insurance sector. claims is the no-brainer but you can actively market yourself to other in-house areas

restructuring gives you a broader base of advisory and litigation work. you can market yourself as being attuned to the corporate perspective, albeit from the distressed side of things. it is potentially more flexible but at the end of the day, it really is how u package your experience.

thank you for your advice!