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  #6121 (permalink)  
Old 12-06-2020, 03:11 PM
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Hi guys, I currently am occupying a junior in-house role. This role was financially supporting me while I was taking my Part A/B studies. Would it be good for me to do a TC now and start my career in the legal industry in this economic climate or would it be better to continue in my in-house role until the economy improves. Obviously if I do a TC, I would vacate my current job and the financial security it provides me with no guarantee that I could secure retention once I completed my tc in this current economy.
How much are you being paid? Would be good to understand your circumstances better to advise.

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  #6122 (permalink)  
Old 12-06-2020, 03:27 PM
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Default Should I do a tc or stick to current job?

About 4 ish. Downside of not doing Tc obviously is that I canít clock my pqe.

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  #6123 (permalink)  
Old 12-06-2020, 03:28 PM
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How much are you being paid? Would be good to understand your circumstances better to advise.

About 4 ish. Downside of not doing Tc obviously is that I canít clock my pqe.

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  #6124 (permalink)  
Old 12-06-2020, 04:23 PM
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About 4 ish. Downside of not doing Tc obviously is that I canít clock my pqe.
If you think you can take the hours and stress of private practice at least for a few years, that would be ideal because at 4/5 PQE you would be able to jump back in house at a much higher salary than if you stayed on all the way. You may be looking at 10k vs 6/7k by then
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  #6125 (permalink)  
Old 12-06-2020, 04:30 PM
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If you think you can take the hours and stress of private practice at least for a few years, that would be ideal because at 4/5 PQE you would be able to jump back in house at a much higher salary than if you stayed on all the way. You may be looking at 10k vs 6/7k by then
I think he's saying his salary is 4 ish, not his PQE. OP, if I am not wrong you are currently a legal exec working inhouse earning 4 ish and you are asking us whether you should go do your TC or stay in your current position?
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  #6126 (permalink)  
Old 12-06-2020, 04:38 PM
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I think he's saying his salary is 4 ish, not his PQE. OP, if I am not wrong you are currently a legal exec working inhouse earning 4 ish and you are asking us whether you should go do your TC or stay in your current position?
Yes, my advice is for him to do his TC because, after working for a couple of years in private practice, he would be able to jump back in house with a higher salary.

Currently, his salary is 4K-ish. After 5 years, maybe 6-7k or even less. If he had gone into private practice, he could jump in house for a salary of maybe 10k.
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  #6127 (permalink)  
Old 12-06-2020, 04:53 PM
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Yes, my advice is for him to do his TC because, after working for a couple of years in private practice, he would be able to jump back in house with a higher salary.

Currently, his salary is 4K-ish. After 5 years, maybe 6-7k or even less. If he had gone into private practice, he could jump in house for a salary of maybe 10k.
Right, agreed.

Though I do think that his question isn't over whether he should do his TC at all, but whether now is the time to do it.

Personally, I would say a crisis is a good time to be a trainee rather than a full working professional. I would say go get trained and called to the bar asap.
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  #6128 (permalink)  
Old 12-06-2020, 06:12 PM
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Eversheds is ending their jv with HarryE. Will the associates revert to local payscales?
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  #6129 (permalink)  
Old 12-06-2020, 06:41 PM
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Eversheds is ending their jv with HarryE. Will the associates revert to local payscales?
Shocker. I guess there was always going to be a gap between local firms and international ones. The culture and prestige gap is too insurmountable. RHT also recently parted ways with Taylor Wessing.

This will bring some reality back to impressionable bright eyed graduates who think that joining one of these JLVs or FLAs is equivalent to joining an international firm. The caste system between local lawyers and international law firms is real.
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Old 12-06-2020, 08:09 PM
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Shocker. I guess there was always going to be a gap between local firms and international ones. The culture and prestige gap is too insurmountable. RHT also recently parted ways with Taylor Wessing.

This will bring some reality back to impressionable bright eyed graduates who think that joining one of these JLVs or FLAs is equivalent to joining an international firm. The caste system between local lawyers and international law firms is real.
Yes, JLVs aren't good especially in this climate. The international side usually doesn't gel with the local side.
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