Lawyer Salary

Originally Posted by Unregistered

R&T's financials is definitely nowhere as good.

I would have guessed it was either A&G or WP if I didn't already know that WP hasn't announced yet.

That is not what I hear though.. R&T's regional reach and cheapskate ways (just look at their rates for NQLs and 1PQEs previously) apparently resulted in higher profit margins and put them in a good position to ride out the current volatility. Also, if I am not wrong, retention has been announced at R&T. Maybe someone from there can share the stats

Originally Posted by Unregistered

That is not what I hear though.. R&T's regional reach and cheapskate ways (just look at their rates for NQLs and 1PQEs previously) apparently resulted in higher profit margins and put them in a good position to ride out the current volatility. Also, if I am not wrong, retention has been announced at R&T. Maybe someone from there can share the stats

Cheapskate =/= paying though the nose for a swanky office at Marina One to impress clients.

Honestly most associates would just appreciate if the extra money went into bumping up the base salary.

Originally Posted by Unregistered

Cheapskate =/= paying though the nose for a swanky office at Marina One to impress clients.

Honestly most associates would just appreciate if the extra money went into bumping up the base salary.

But I’m guessing they save a lot on rent because of their open office concept?

Originally Posted by Unregistered

But I’m guessing they save a lot on rent because of their open office concept?

So correct - space per lawyer was reduced significantly + space used more efficiently + digitise everything. Offsets higher rent psqf.

The lawyering world after covid:

Most small to midsize will probably co rent shared office spaces as a frontage.
All lawyers will work from home.
Statutes will be passed to facilitate wfh processes

Any thoughts (pass rate, difficulty of content/assessment, etc.) on these part b electives:

-advanced corporate practice
-IP
-wills/trusts
-mediation
-CBT

Originally Posted by Unregistered

The lawyering world after covid:

Most small to midsize will probably co rent shared office spaces as a frontage.
All lawyers will work from home.
Statutes will be passed to facilitate wfh processes

+
Firms will stop taking in freshly called graduates in favour of experienced paralegals or contract-staff
Mid-level associates will be squeezed dry cuz firms know they won't have the balls to leave
Salaries remain depressed while working hours increase

while partners continue changing new cars

Originally Posted by Unregistered

Any thoughts (pass rate, difficulty of content/assessment, etc.) on these part b electives:

-advanced corporate practice
-IP
-wills/trusts
-mediation
-CBT

ACP - Higher failure rate, content heavy and tricky long questions.

IP - Very content heavy long questions, higher failure rate, time management is a must.

Wills/Trusts - Heard is one of the easier modules.

Mediation - Also one of the easier modules, has MCQ component but have to do more practical work during the course.

CBT - Easy long questions, basically just copy-paste style questions. Not very content heavy.

P.S In most papers, questions are structured such that if you fail one question, you fail the entire paper. E.g. if you fail Q1(a), even if you get full marks for all other questions you still fail the paper. Retakes are allowed only once and only if you only fail max 2 papers. Fail more than 2 papers = fail bar exams. Fail any retake = fail bar exams.

During my batch there were rumours going around that examiners have been instructed to reduce passing rates. Whether true or not idk~

Originally Posted by Unregistered

Any thoughts (pass rate, difficulty of content/assessment, etc.) on these part b electives:

-advanced corporate practice
-IP
-wills/trusts
-mediation
-CBT

ACP - Higher failure rate, content heavy and tricky long questions.
IP - Very content heavy long questions, higher failure rate, time management is a must.
Wills/Trusts - Heard is one of the easier modules.
Mediation - Also one of the easier modules, has MCQ component but have to do more practical work during the course.
CBT - Easy long questions, basically just copy-paste style questions. Not very content heavy.

P.S In most papers, questions are structured such that if you fail one question, you fail the entire paper. Retakes are allowed once and allowed only if you fail max 2 papers. Fail more than 2 papers = fail bar exams. Fail any retake = fail bar exams. During my batch there were rumours going around that examiners have been instructed to reduce passing rates. Whether true or not idk~

Originally Posted by Unregistered

+
Firms will stop taking in freshly called graduates in favour of experienced paralegals or contract-staff
Mid-level associates will be squeezed dry cuz firms know they won't have the balls to leave
Salaries remain depressed while working hours increase

while partners continue changing new cars

and offshore folks continue drawing their handsome salaries