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  #7341 (permalink)  
Old 02-07-2020, 11:48 PM
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Lol seems to be that there are a lot of fellow NUS law students actively following this page too

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  #7342 (permalink)  
Old 03-07-2020, 12:45 AM
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Default RLT Honorarium

Can anyone say if its possible to bargain with law firm employer fixing honorarium at $500 (either take it or go elsewhere types). Not even considered allowance..
Any idea how to navigate this?

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  #7343 (permalink)  
Old 03-07-2020, 01:12 AM
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Can anyone say if its possible to bargain with law firm employer fixing honorarium at $500 (either take it or go elsewhere types). Not even considered allowance..
Any idea how to navigate this?
Bargaining wont work. There is no flexibility in this market. You just have to accept it or try something else.

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  #7344 (permalink)  
Old 03-07-2020, 01:20 AM
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Bargaining wont work. There is no flexibility in this market. You just have to accept it or try something else.
How long do you have to accept the offer? Apply to other places.
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  #7345 (permalink)  
Old 03-07-2020, 01:57 AM
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How long do you have to accept the offer? Apply to other places.
Do some small firm lawyers who have a good/decent reputation in the market, take advantage of this(+ covid situation excuse) and set the honorarium at rates like this, becuse they know the trainee will chose them anyway?

OR could it be the other way round, that the firm/clientele sucks and firm can only afford to pay $500? (i dont think this is the case - 500 even for a crap law firm sounds too pathetic).

OR could it be honorarium depends on the quality of the incoming trainee i.e. CV quality. esp those who dont reveal honorarium amount in their RLT ad post.

Opinion please...
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  #7346 (permalink)  
Old 03-07-2020, 01:59 AM
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How long do you have to accept the offer? Apply to other places.
Do you mean i should choose RLT based just the allowance amount?? What in your opinion is the most important factor?
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  #7347 (permalink)  
Old 03-07-2020, 02:16 AM
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Do you mean i should choose RLT based just the allowance amount?? What in your opinion is the most important factor?
Yes. Allowance is important. Are you going to live off your parents....
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  #7348 (permalink)  
Old 03-07-2020, 02:28 AM
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Sorry, I used 1.2 as the increment, so it should be 1PQE 6.5k, 2 PQE 7.8k, 3 PQE 9.1, 4PQE 11.2k
At my big 4 firm:

3pqe = $9k
4pqe = $10.3k
5pqe = $11.3k

Consistent with posts from 2-4 years back in this thread. No change since then.
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  #7349 (permalink)  
Old 03-07-2020, 03:32 AM
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Yes. Allowance is important. Are you going to live off your parents....
Well isnít 500 More than enough? Assuming Iím still staying at home. And No I donít have crap spending habits
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  #7350 (permalink)  
Old 03-07-2020, 04:38 AM
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Well isnít 500 More than enough? Assuming Iím still staying at home. And No I donít have crap spending habits
Unfortunate fact, but true, is that generally the "better" firms are willing to attract talent by paying the paltry $1-2k for their trainees. Big4 level tops off at around 2k.

If a firm does not even want to pay $800 (which is the bare minimum 1-2 man chinatown firm rate), I'm not sure you want to be in the firm). Not only because they are quite tight with their money, but that offer means they are not intending to retain (and probably think they are doing you a favour). Are they in fact doing you a favour (if you are from a lower tier uni plus low grades - perhaps take the offer)?
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