Lawyer Salary - Page 69 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Lawyer Salary

Reply
 
Thread Tools
  #681 (permalink)  
Old 02-03-2016, 02:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Which JLVs with higher salaries are you referring to?

Duane Morris & Selvam LLP? Hogan Lovells Lee & Lee? Watson Farley & Williams Asia Practice LLP? Withers Khattarwong? Morgan Lewis Stamford?

I know that Hogan Lovells Lee & Lee, or simply Lee & Lee, pays a rather low 4ks salary. Any idea about the rest?

But I know that Clifford Chance - Cavenagh Law pays a far superior salary.
What about three years experience at Gabriel Law Corporation?

://.leguslaw.com/member/gabriel-law-corporation/

Reply With Quote
  #682 (permalink)  
Old 02-03-2016, 03:10 PM
Unregistered
Guest
 
Posts: n/a
Default

New MOE graduate employment survey is out. moe.gov.sg/education/post-secondary

NUS 2015: Mean $4,910, Median $4,700
SMU 2015: Mean $4,997, Median $4,731

It is a very significant drop from last year which was

NUS 2014: Mean $5,247, Median $5,150
SMU 2014: Mean $5,332, Median $5,025

You can see a decline of about 300-400 dollars in starting salary industry-wide.

Reply With Quote
  #683 (permalink)  
Old 02-03-2016, 10:37 PM
Unregistered
Guest
 
Posts: n/a
Default

It's only a matter of time our local law industry become like the US. In the US, lawyer salaries are plunging with the oversupply of law grads. But this is good news for everyone else who isn't a lawyer because legal costs are falling.

Reply With Quote
  #684 (permalink)  
Old 02-03-2016, 10:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
New MOE graduate employment survey is out. moe.gov.sg/education/post-secondary

NUS 2015: Mean $4,910, Median $4,700
SMU 2015: Mean $4,997, Median $4,731

It is a very significant drop from last year which was

NUS 2014: Mean $5,247, Median $5,150
SMU 2014: Mean $5,332, Median $5,025

You can see a decline of about 300-400 dollars in starting salary industry-wide.
Lol man this industry is shite now. Better get out while you can. Civil servants can earn more while doing nothing
Reply With Quote
  #685 (permalink)  
Old 04-03-2016, 01:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It's only a matter of time our local law industry become like the US. In the US, lawyer salaries are plunging with the oversupply of law grads. But this is good news for everyone else who isn't a lawyer because legal costs are falling.
This is a common misconception actually.

In the US legal market, wages are either sticky or stagnant. Biglaw firms in the major markets like New York, Chicago and LA/SF have been paying starting salaries of US $160,000 since 2007. In smaller cities, it is of course less, but commensurate with the cost of living. But salaries have never fallen because there is fierce competition to attract talent.

It is either you land an associate position or you are jobless. There's no such thing as paycuts. Of course there are bonus cuts. But never the base salary.

A second misconception is that an oversupply of law graduates means legal costs fall. Only someone without a working knowledge of how the legal industry works would assume such a thing.

For big ticket corporate work, costs pressures are client driven. If companies want to cut legal spend on external lawyers, they will pressure for fee cuts. Law firms will drive down their fees to undercut competitors. If your law firm is unwilling to charge at a competitive rate, some other law firm will step in to do the work. This occurs whenever the economy is bad, like it is now.

For man-in-street work, there is only so low prices these small shops can charge. They still need to cover their overheads and make a profit. I believe your usual Chinatown firms are already charging as low a fee as they can viably do.

In neither of these cases does the supply of law graduates affect the legal pricing one iota. The only effect of an oversupply of law grads is the effect on salaries, so in that sense you are correct. But only in Singapore can law firms get away with cutting salaries. In the major markets like the UK and USA, salaries are never cut. They can only rise.
Reply With Quote
  #686 (permalink)  
Old 07-03-2016, 09:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Anyway the talk about how much easier it is to get a first / 2:1 overseas can finally be put to rest. Dean of NUS law school has said that it will become easier to get a first/2:1 from this batch onwards.
So finally, all the disputes on this forum can be finally put to rest.
Just wondering though, will JLC requirements still be a top 5% or a top 10%?
Reply With Quote

  #687 (permalink)  
Old 08-03-2016, 08:04 AM
Unregistered
Guest
 
Posts: n/a
Default

Hi all, I'm a student in the UK thinking of training in London. Would like to ask all the SG-qualified lawyers here what practice areas a UK solicitor should try to specialise in in order to maximise his chance of relocating to Singapore...thanks for any help!
Reply With Quote
  #688 (permalink)  
Old 08-03-2016, 10:04 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyway the talk about how much easier it is to get a first / 2:1 overseas can finally be put to rest. Dean of NUS law school has said that it will become easier to get a first/2:1 from this batch onwards.
So finally, all the disputes on this forum can be finally put to rest.
Just wondering though, will JLC requirements still be a top 5% or a top 10%?
its now a "very good" FCH...whatever that means.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #689 (permalink)  
Old 08-03-2016, 12:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hi all, I'm a student in the UK thinking of training in London. Would like to ask all the SG-qualified lawyers here what practice areas a UK solicitor should try to specialise in in order to maximise his chance of relocating to Singapore...thanks for any help!
Whatever practice area you feel you can commit a career to.
Reply With Quote
  #690 (permalink)  
Old 09-03-2016, 11:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Anyway the talk about how much easier it is to get a first / 2:1 overseas can finally be put to rest. Dean of NUS law school has said that it will become easier to get a first/2:1 from this batch onwards.
So finally, all the disputes on this forum can be finally put to rest.
Just wondering though, will JLC requirements still be a top 5% or a top 10%?
The NUS move should be seen in context. The reason it's easier to attain honours overseas is because the grading policy for each module is less strict (e.g. some schools do not impose a bell curve). What NUS is doing is to relax the honours requirement while maintaining a strict grading policy. This won't help students that much since given the tight competition for TCs, many firms now look at an applicant's grades rather than his/her class of honours.
Reply With Quote
Reply

Bookmarks

Tags
advocate, law, lawyer, legal, solicitor

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
From Lawyer Insider: Life is Glamorous but Unsatisfying Salary.sg Income and Jobs 31 15-01-2018 12:40 PM

» 30 Recent Threads
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,964 Replies, 1,580,366 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,694 Replies, 1,519,761 Views
Compare civil service salary ( 1 2 3... Last Page)
16,532 Replies, 13,023,191 Views
GovTech ( 1 2 3... Last Page)
6,680 Replies, 2,669,076 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
18,734 Replies, 5,603,429 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,606 Replies, 4,028,768 Views
PSA International ( 1 2 3... Last Page)
112 Replies, 105,645 Views
Best Stat board/Ministry ( 1 2 3)
25 Replies, 39,512 Views
when you quit how many days do you... ( 1 2)
19 Replies, 7,955 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,130 Replies, 4,965,310 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,357 Replies, 1,201,748 Views
Career as Teacher ( 1 2 3... Last Page)
11,831 Replies, 7,270,071 Views
Lawyer Salary ( 1 2 3... Last Page)
21,482 Replies, 10,916,439 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,209 Replies, 483,415 Views
Rakuten Software Engineer (Fresh... ( 1 2)
14 Replies, 6,751 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,193 Replies, 2,605,662 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,627 Replies, 3,678,380 Views
ST Electronics ( 1 2 3... Last Page)
3,973 Replies, 1,716,499 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,004 Replies, 512,091 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
930 Replies, 495,666 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,441 Replies, 731,652 Views
JP Morgan ( 1 2 3... Last Page)
215 Replies, 196,105 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,591 Replies, 1,275,242 Views
Any Ministry or Statboard still... ( 1 2 3)
29 Replies, 15,016 Views
New Employer asked for CPF...
5 Replies, 19,496 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
67 Replies, 91,689 Views
Keppel Associate Programme 2018 ( 1 2 3... Last Page)
42 Replies, 53,285 Views
Salary for JPM Summer Analyst
2 Replies, 212 Views
DSO (under Mindef) ( 1 2 3... Last Page)
55 Replies, 72,372 Views
INL Agency? Brand Communication...
6 Replies, 848 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:03 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2