Lawyer Salary

Anyway unlike medicine where it’ll remain super elite for a number of years,
Just note that there seems to be a shifting focus for law.

Look at the recent candidates fielded in for Elections.
It’s more inclusive these days.
People from the delisted unis are making it to stand for elections.
People who don’t do as well in law school are also making it.
So think twice before dissing delisted.
The stereotypes of the typical lawyer from RGS, RI, NUS, etc, is slowly dwindling

If I know shouldn’t have done law
Should have done investment banking with a business degree from LSE.
Why bother doing uk law...

Not say doing damn well also. No flashy car.

Originally Posted by Unregistered

You can drop whitefern and TSMP off that list. Nothing special about those two. The others are niche and pay salaries comparable to big 4 or higher.

idk about BO but LVM certainly does not pay higher than TSMP

Originally Posted by Unregistered

If I know shouldn’t have done law
Should have done investment banking with a business degree from LSE.
Why bother doing uk law...

Not say doing damn well also. No flashy car.

Everyone here seems to think that IB is easy to get into...

Getting into a bulge bracket IB department is statistically harder than getting a magic circle TC. Actually, the ratio of the number of spots against applicants for the former is even worse than the latter because of the insane number of applicants (it's not just business grads, it's also econs, math graduates).

Compare apples vs apples. The truth is, as a law graduate you're on average making more than your finance buddies. Outside of the front office positions, most finance positions even in the BB pay less than big 4 starting.

Originally Posted by Unregistered

Everyone here seems to think that IB is easy to get into...

Getting into a bulge bracket IB department is statistically harder than getting a magic circle TC. Actually, the ratio of the number of spots against applicants for the former is even worse than the latter because of the insane number of applicants (it's not just business grads, it's also econs, math graduates).

Compare apples vs apples. The truth is, as a law graduate you're on average making more than your finance buddies. Outside of the front office positions, most finance positions even in the BB pay less than big 4 starting.

Really? But LSE has a really, really high placement rate for GS, Bain, McKinsey. Any and all of these jobs pay more than being a B4 lawyer and most FLAs outside SC MC US. LSE Economics seems to have the highest placement between all UK schools. 70% of Economics gets a first.

Most are now drawing >10K starting.

If you did another major, now, that's different.

Originally Posted by Unregistered

Really? But LSE has a really, really high placement rate for GS, Bain, McKinsey. Any and all of these jobs pay more than being a B4 lawyer and most FLAs outside SC MC US. LSE Economics seems to have the highest placement between all UK schools. 70% of Economics gets a first.

Most are now drawing >10K starting.

If you did another major, now, that's different.

Like I said, also compare apples and apples. If you're referring to UK grads who end up working in the UK, then don't compare it to working in SG. You will get more doing the exact same job in the exact same position just by virtue of working in London.

And you're also listing consulting now, which widens the scope even more....

Originally Posted by Unregistered

There have been many, many posts discussing NQ salaries, and there's some good information in this thread about salaries for up to 5 PQE.

Is anyone able and willing to share the scoop on 6-12PQE salaries? This is the range for salaried partners at most mid and big firms.

I'm interested in info for both the big and mid sized firms.

I'm aware that the base salaries for big 4 firm junior partners at around 6 PQE start from around $12,500 (excluding bonuses). How does that scale up over time? (I'm aware that two of the big 4 firms no longer promote to JP at 6 PQE)

How is the junior/salaried partner's bonus component calculated (I expect that this is based on billings / collections?), and what is the typical range?

Thanks!

As was previously discussed, your number for a JP at 6 PQE is far too low.

Oh right, because a lot of them do stay there. I mean, if they don't go IB they go consultancy lor. No difference.

But IB alone, yes, LSE is a feeder school. SG prospects not sure how many wanted IB over consultancy in the first place

yeah a previous post stated that 4 PQE SA in a big 4 firm would earn around 12 k per month. i imagine JPs would earn substantially more than that.

Michael Page's 2019 Salary Benchmark state that Lawyers in private practice at International Firms make between 145k - 240k per annum, with average being 193k per annum, for 3-5 years PQE.

Is this accurate? Thanks in advance.