Lawyer Salary

Originally Posted by Unregistered

I have left the legal industry and was working at in house for a couple of years before starting up my company. My company was doing pretty well for a few years but the Covid ordeal has turned the tables and now I am planning to end my journey as an entrepreneur (at least for a few years until the economy rides out of the storm). Any idea how employers would view my CV and are there any good opportunities for me in the legal market still?

My top choices would be the big four and mid-sized firms. If all fails, I can work at the smaller firms until I see better opportunities.

Times are hard and I wish I was in a stable career at this point of time.

Try deliveroo

Originally Posted by Unregistered

No choice. Big four or international firms usually don’t hire people who left for a few years (unless you are doing sth significantly related to what that team does). There are many fresh blood out there who are keen to learn and they are cheaper labour. Also, chances are most departments are on a hiring freeze.

Small firms are trying hard to keep the jobs for the associates. I suggest you can further your studies or learn some new skills before trying for the legal industry. Good luck.

Agreed with this comment.
That’s the reason why it’s difficult for Chinatown to jump to Wilmerhale and similarly, vice versa. Scope of work is just too different....
Experience also too different.
And like poster said, once you leave for in house or other things, people don’t view you with the same kind of ability to weather storm or adversity. Even if you can claim that in an interview...

Originally Posted by Unregistered

I know you're joking, but food delivery earn more per hour than me and I daresay most junior assocs.

Seriously. Take your salary and divide it by the no of hours you clock in the month. The pink panda bringing your food to you at 8pm in the office while you review that agreement probably just made more money than you for that few minutes of work.

Not that I really care all that much about billing but you hand over heart tell me if taking a pay cut feels good. I'm not about to claim I do valuable, unreplaceable work. But it's still work, hard work, and lots of it with lots of professional risk associated. Times are bad, and I don't think I'm obliged to feel good that times are bad.

I am not joking. I pulled up next to a grab driver delivering food.
And he got his hands full. They are making money at the very least.
Law doesn’t do well in a downturn. That’s a fact. When bear sterns collapse, banking & finance practices were badly hit, it’s all a cascading effect!!!

It’s a fact that one batch of new lawyers, 600-700 every year??
Many won’t stay or hold on a PC past 5 years.

If you happen to still be a lawyer after 5 years good for you.
But many won’t! So if you fall into that Category and have Long moved out, then don’t think about re entering. You’ll be miserable.

Just move on. As said grab, deliveroo. Or other things. Accept the reality and move on....

Originally Posted by Unregistered

I have left the legal industry and was working at in house for a couple of years before starting up my company. My company was doing pretty well for a few years but the Covid ordeal has turned the tables and now I am planning to end my journey as an entrepreneur (at least for a few years until the economy rides out of the storm). Any idea how employers would view my CV and are there any good opportunities for me in the legal market still?

My top choices would be the big four and mid-sized firms. If all fails, I can work at the smaller firms until I see better opportunities.

Times are hard and I wish I was in a stable career at this point of time.

I agree with the answers posted above with regards to your question. Personally, I would suggest working at a government org (try to show that you have some related skills) and then continue with your journey to entrepreneurship after a few years).

There’s a lot a lawyer can do even if you’ve been retrenched or furloughed.

Not sure if anyone knows there’s a US securities market starting at 9:30pm ending at 4:00am Singapore time. Just get a trading account - I don’t have to teach cap markets lawyers or M&A lawyers who are the brokerage firms.

Originally Posted by Unregistered

There’s a lot a lawyer can do even if you’ve been retrenched or furloughed.

Not sure if anyone knows there’s a US securities market starting at 9:30pm ending at 4:00am Singapore time. Just get a trading account - I don’t have to teach cap markets lawyers or M&A lawyers who are the brokerage firms.

And as a 2pqe lawyer, surely you have at least $30-50k savings sitting somewhere, if not more. That’s enough to trade!

Originally Posted by Unregistered

I am. Not aunt agony thread but guess you can't talk salary without some discussion of how to earn it.

Unlike most people here idgaf about long working hours or awful colleagues or whatever. Occupational hazards, not gonna change anytime soon, just do it and collect money end of the month can liao.

The problem is the money to collect at the end of the month now getting less and less. Got any advice going forward? How to find clients, how to get business, anything. I do anything - crim, fam, wills, whatever. Civ also can. As long as state courts tier i can handle file on my own from start to finish no problem. Just cannot solo in HC os/trials yet, not no confidence, boss dont trust me to sully the firm name lol.

Seems a bit difficult to meet up with people now, cannot sit outside and office got all these restrictions. I know a junior like me shouldn't be applying my time and energy to this issue. But I basically given up looking for new assoc roles. Senior practitioners, how do you all do it? Got people just walk in your office and point at you and say I want you to do my divorce?

Be clas lawyer?

Originally Posted by Unregistered

And as a 2pqe lawyer, surely you have at least $30-50k savings sitting somewhere, if not more. That’s enough to trade!

And then... Buy UPRO?

Originally Posted by Unregistered

And then... Buy UPRO?

Day trade. Not invest. It kills time.