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  #7091 (permalink)  
Old 27-06-2020, 03:13 AM
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Yea you earn much more but the tax is 33% for a salary of 100K GBP (counting in tiers)? That's an awful lot. 40% rate if above 100K GBP. Minus rent - 1.2K GBP per month or about 14K GBP a year. Minus flights 3 times a year. Minus additional CoL vs SG.

Racism Is A Thing. Good that you never experienced it, some of us have.

Where did you study?
Also, you can use CPF to buy house. Your taxed money is never and will never be yours.

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  #7092 (permalink)  
Old 27-06-2020, 07:38 AM
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Yea you earn much more but the tax is 33% for a salary of 100K GBP (counting in tiers)? That's an awful lot. 40% rate if above 100K GBP. Minus rent - 1.2K GBP per month or about 14K GBP a year. Minus flights 3 times a year. Minus additional CoL vs SG.

Racism Is A Thing. Good that you never experienced it, some of us have.

Where did you study?
still higher than big 4 pay after tax + better prestige LOL

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  #7093 (permalink)  
Old 27-06-2020, 10:26 AM
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still higher than big 4 pay after tax + better prestige LOL
Not tremendously more after tax, additional expenses.

The benefit is if you lateral to SG

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  #7094 (permalink)  
Old 27-06-2020, 10:29 AM
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Not tremendously more after tax, additional expenses.

The benefit is if you lateral to SG
Also, for disputes, arbitration 4 lyf (not necessarily a bad thing)

Only if you're into transactional work.
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  #7095 (permalink)  
Old 27-06-2020, 11:22 AM
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Not tremendously more after tax, additional expenses.

The benefit is if you lateral to SG
But if you join a firm like Wilmer Hale, it is 190k pounds base for first year associate(their website clearly shows the scale) and that is excluding bonuses and allowances
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  #7096 (permalink)  
Old 27-06-2020, 11:25 AM
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Hi everyone, do you have any tips for a junior litigation lawyer seeking to move to a corporate role (not inhouse)? Thanks in advance.
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  #7097 (permalink)  
Old 27-06-2020, 11:31 AM
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But if you join a firm like Wilmer Hale, it is 190k pounds base for first year associate(their website clearly shows the scale) and that is excluding bonuses and allowances
We may have met irl briefly.

No ofc. But what I'm saying is I can't really imagine the tax and expenses, at an NQ level, for MC firms. This was a consensus shared by my batchmates who came back.
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  #7098 (permalink)  
Old 27-06-2020, 11:34 AM
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Hi everyone, do you have any tips for a junior litigation lawyer seeking to move to a corporate role (not inhouse)? Thanks in advance.
I have no experience, but this is how I'd do it:

- expect PQE cut

- play up the fact that you have litigated on contracts / know the back end
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  #7099 (permalink)  
Old 27-06-2020, 11:38 AM
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But if you join a firm like Wilmer Hale, it is 190k pounds base for first year associate(their website clearly shows the scale) and that is excluding bonuses and allowances
I'm talking CC and others. Clearly if you're Gary Born's associate you're one of the brightest legal minds available (pls no NUS supporters again, we're talking salary).

CC NQ is just shy of 100K? I believe. During my time at least. Davis Polk paid 100K.
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  #7100 (permalink)  
Old 27-06-2020, 01:13 PM
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Anyone has any thoughts on Tan Peng Chin LLC?
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