Lawyer Salary

Originally Posted by Unregistered

thoughts on Jamus Lim?

Inadequate.

The opposition parties/supporters are hyping him up only because it's been a long while since someone with pedigree joined the WP.

I side with Dr Balakrishnan on this one.

Fiscal prudence vs spending the reserves. We have reserves ONLY because of the PAP's good governance. Now you're telling us spend it all?

Jamus was unimpressionable. His slang made it difficult to follow him. He only had a witty comeback at the end with his blank cheque analogy. The only reason why he came up top was because CSJ was being an idiot on national TV and an adult had to sit him down.

We don't need Jamus in Parliament. He isn't an exceptional economist, given Dr Balakrishnan could trade blows with him without an economics background.

Being a politician is not showing your face ONLY for two weeks when elections come and submitting your Masters thesis on why the economy is flawed and how you want to change it. Do you even care about the people, or is this some flaunt of your economics knowledge? You don't need to be elected to share your 'good ideas'. Politics is about the people you serve.

If he has conceded that the PAP will get its mandate, his thesis will not come to fruition anyway. So please stop the macroeconomic theatrics and focus on the real ground issues.

Originally Posted by Unregistered

Okay let’s start the ball rolling again on salaries and by extension savings.

Male, 10PQE, Partner, Mid size
Monthly: $15k
Total cash savings: $500,000
Property: 3 bedroom condo, worth $1.7M, paid up $800k.

Thanks for this! To what extent does your monthly depend on billings and/or some form performance bonus or benchmark? Would you say that on average, the increase in monthly over 6-10 pqe is relatively linear?

Naturally talking about politics on a salary forum is not appropriate.

But if any, it goes to the heart of the meritocracy argument.

For someone who have benefited from the system of meritocracy, i.e. those who were able to get into NUS law by virtue of the fact they hailed from RI/HCI and RGS/RI, this group would definitely be more inclined to support a party that value these ideals.

Those who had a difficult route, maybe from the less elite schools but who had hardworking parents willing to sacrifice their savings to allow their child a chance to fulfill their aspirations to be a lawyer, naturally this group wouldn’t be that inclined to support a party overly fixated on meritocracy and elitism, especially so if they come from a delisted university and had to work very hard to beat the odds.

So it’s pointless to discuss politics on a salary forum such as this issue simply because one man’s meat is another man’s poison...

TSMP had 7 Liti trainees and 6 Corp trainees this year. I wonder how many of them got retained.

Originally Posted by Unregistered

Naturally talking about politics on a salary forum is not appropriate.

But if any, it goes to the heart of the meritocracy argument.

For someone who have benefited from the system of meritocracy, i.e. those who were able to get into NUS law by virtue of the fact they hailed from RI/HCI and RGS/RI, this group would definitely be more inclined to support a party that value these ideals.

Those who had a difficult route, maybe from the less elite schools but who had hardworking parents willing to sacrifice their savings to allow their child a chance to fulfill their aspirations to be a lawyer, naturally this group wouldn’t be that inclined to support a party overly fixated on meritocracy and elitism, especially so if they come from a delisted university and had to work very hard to beat the odds.

So it’s pointless to discuss politics on a salary forum such as this issue simply because one man’s meat is another man’s poison...

I disagree.

Meritocracy is a holistic assessment. Where you studied is a short-sighted and narrow view of meritocracy. The conception of merit is much more than just passing one set of exams at 16. What matters is your real output. You can pass the sorting function of education (yes, that's all it is. Sorting a society with limited places) and thoroughly fail outside the classroom.

I also disagree on your stereotype of the 'less elite' supporting the opposition. Full of assumptions.

Let's leave it at that.

Originally Posted by Unregistered

I disagree.

Meritocracy is a holistic assessment. Where you studied is a short-sighted and narrow view of meritocracy. The conception of merit is much more than just passing one set of exams at 16. What matters is your real output. You can pass the sorting function of education (yes, that's all it is. Sorting a society with limited places) and thoroughly fail outside the classroom.

I also disagree on your stereotype of the 'less elite' supporting the opposition. Full of assumptions.

Let's leave it at that.

And one last point before I won't respond as this is a salary forum - please read the news. NUS law is also running for the opposition against other schools/unconventional backgrounds.

Originally Posted by Unregistered

Thanks for this! To what extent does your monthly depend on billings and/or some form performance bonus or benchmark? Would you say that on average, the increase in monthly over 6-10 pqe is relatively linear?

At the junior partner (i.e. salaried) level, your monthly salary would not typically be affected by billings / billables - these will affect your annual bonus, however.

From what i understand from previous posts, a 6 PQE senior associate at a Big 4 firm would be paid 12 K, while a 10 PQE junior partner at a mid sized firm would be paid 15 K.

Just wondering if this mean that the pay disparity between the big 4 and mid sized firms are big or that pay progression post the 6 PQE mark is not linear?

Originally Posted by Unregistered

From what i understand from previous posts, a 6 PQE senior associate at a Big 4 firm would be paid 12 K, while a 10 PQE junior partner at a mid sized firm would be paid 15 K.

Just wondering if this mean that the pay disparity between the big 4 and mid sized firms are big or that pay progression post the 6 PQE mark is not linear?

Idk how you read that because it was clarified MULTIPLE times that a 6 PQE big 4 senior assoc makes far more than 12k.

Originally Posted by Unregistered

TSMP had 7 Liti trainees and 6 Corp trainees this year. I wonder how many of them got retained.

Heard 2 liti and 1 corp.