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  #7061 (permalink)  
Old 26-06-2020, 01:31 PM
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Go back to the UK degree mill you came from. NUS is the best
My masters is better than your undergrad 2.2/low 2.1 that's why I'm at an international firm

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  #7062 (permalink)  
Old 26-06-2020, 01:37 PM
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My masters is better than your undergrad 2.2/low 2.1 that's why I'm at an international firm
And btw yes I'm delisted and I outperformed your NUS FCH

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  #7063 (permalink)  
Old 26-06-2020, 04:04 PM
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hi! law student here. just curious, will the pay rise from NQ to 1PQE occur in January, or is it 1 full year after getting called to the bar. Thanks!
I believe this depends on the firm, but generally there should be a pay rise in January (i.e. 4 months after your mass call in August) though you are still considered a NQ. I have heard of firms which do not offer the pay rise though.

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  #7064 (permalink)  
Old 26-06-2020, 04:16 PM
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Anyone knows why some firms pay by the (base + monthly variable component) way? Is that common across the bigger firms? Does that mean that bonus is frontloaded?
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  #7065 (permalink)  
Old 26-06-2020, 05:12 PM
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Anyone knows why some firms pay by the (base + monthly variable component) way? Is that common across the bigger firms? Does that mean that bonus is frontloaded?
Yes it is common
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  #7066 (permalink)  
Old 26-06-2020, 05:38 PM
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Hi guys,

Is it fair to say that law is like investment banking? Earn five digits for a few years, tahan the crazy hours for a few years, and then after that ‘retire’ and move on to other chill jobs?
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  #7067 (permalink)  
Old 26-06-2020, 06:08 PM
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Hi guys,

Is it fair to say that law is like investment banking? Earn five digits for a few years, tahan the crazy hours for a few years, and then after that ‘retire’ and move on to other chill jobs?
No. Lmao. IB gets paid 2-3x Singapore firm salary even at the highest scale. IB = Junior Partner pay. Hours are there. The second thing is, unlike IB, law is not transferable in other roles.

You do IB you can easily hop to middle office or other things. Which is why barring inhouse most lawyers start businesses. You could also do recruitment, BD etc, at least. Those are the ones I've seen
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  #7068 (permalink)  
Old 26-06-2020, 06:09 PM
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Hi guys,

Is it fair to say that law is like investment banking? Earn five digits for a few years, tahan the crazy hours for a few years, and then after that ‘retire’ and move on to other chill jobs?
Are you nuts? IB start off with $12k Base
B4 law 5.5k Front loaded

Unless you say you get US white shoe.
S$330k per annum otherwise forget about it
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  #7069 (permalink)  
Old 26-06-2020, 06:12 PM
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Hi guys,

Is it fair to say that law is like investment banking? Earn five digits for a few years, tahan the crazy hours for a few years, and then after that ‘retire’ and move on to other chill jobs?
Nope. Because you don't get five digits in your first few years (locally). The difference in the starting salaries between law and IB as well as the increments in your first few years is monumental, especially in Singapore. In the long run, you will make more as a lawyer if you stick it out in private practice, largely because you are able to become a profit participant in a firm rather than remaining an employee. However, it will take a long time (and you have to be quite successful) to get there.
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  #7070 (permalink)  
Old 26-06-2020, 06:47 PM
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Nope. Because you don't get five digits in your first few years (locally). The difference in the starting salaries between law and IB as well as the increments in your first few years is monumental, especially in Singapore. In the long run, you will make more as a lawyer if you stick it out in private practice, largely because you are able to become a profit participant in a firm rather than remaining an employee. However, it will take a long time (and you have to be quite successful) to get there.
But by that time your IB friend would be Global President of XYZ bank. And you would still be paid less.
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