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  #7551 (permalink)  
Old 08-07-2020, 03:15 PM
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I advise onlookers here to take the content at this forum here with a pinch of salt and with prudence.

Iím speaking as someone with 3PQE at a big four and I can confidently say that most deals and matters have yet to stop. Iím sure even for smaller firms, they are still being kept busy because honestly deals are still going through. I have however heard that other big fours, even for mine, and many firms are on a hiring freeze mainly because the firms want to hedge the uncertainty of manpower in light of the economic uncertainty. However, my advise is that one should not see this situation as totally grim. There are still teams requiring manpower because work has simply not slowed down in any ways (fortunate or unfortunate, to each their own).

In a broader perspective, I think law is becoming increasingly competitive because economy has slowed down even before COVID. Employability in law is dependent on the general business activities. However, this is not a all-grim situation because there ARE still plenty of opportunities out there for graduates. Whilst I wouldnít advise my niece/nephews to study law but perhaps computer science, I would still encourage people who are already in the industry to hang tight and continue looking for opportunities. Nothing in this world comes easy.
What about going to KCL?

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  #7552 (permalink)  
Old 08-07-2020, 03:39 PM
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What about going to KCL?
If yo have got what it takes, have the grit and doesn't mind getting spat on forums like this, go for it.

If not, there are many other jobs and alternatives out there. The smart ones will know. The dull ones will be the ones getting confined to the stereotypical ideas and trashing others down because they themselves are just bitter about the lack of opportunities available to themselves.

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  #7553 (permalink)  
Old 08-07-2020, 04:12 PM
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I advise onlookers here to take the content at this forum here with a pinch of salt and with prudence.

Iím speaking as someone with 3PQE at a big four and I can confidently say that most deals and matters have yet to stop. Iím sure even for smaller firms, they are still being kept busy because honestly deals are still going through. I have however heard that other big fours, even for mine, and many firms are on a hiring freeze mainly because the firms want to hedge the uncertainty of manpower in light of the economic uncertainty. However, my advise is that one should not see this situation as totally grim. There are still teams requiring manpower because work has simply not slowed down in any ways (fortunate or unfortunate, to each their own).

In a broader perspective, I think law is becoming increasingly competitive because economy has slowed down even before COVID. Employability in law is dependent on the general business activities. However, this is not a all-grim situation because there ARE still plenty of opportunities out there for graduates. Whilst I wouldnít advise my niece/nephews to study law but perhaps computer science, I would still encourage people who are already in the industry to hang tight and continue looking for opportunities. Nothing in this world comes easy.
Don't miss the forest for the trees. The situation is very grim. Do not be deceived by de minimis manpower demand that can barely soak up a drop in an ocean of supply.

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  #7554 (permalink)  
Old 08-07-2020, 04:26 PM
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Don't miss the forest for the trees. The situation is very grim. Do not be deceived by de minimis manpower demand that can barely soak up a drop in an ocean of supply.
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Don't miss the forest for the trees. The situation is very grim. Do not be deceived by de minimis manpower demand that can barely soak up a drop in an ocean of supply.
Mind explaining how grim the situation is in detail pertaining to corporate law? Yes, we have heard enough about the grim economic outlook and the oversupply of graduates even across many other industries. I myself have not felt the direct impact of the economy yet; was expecting a pay cut for myself but no news about that so far.
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  #7555 (permalink)  
Old 08-07-2020, 05:39 PM
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Mind explaining how grim the situation is in detail pertaining to corporate law? Yes, we have heard enough about the grim economic outlook and the oversupply of graduates even across many other industries. I myself have not felt the direct impact of the economy yet; was expecting a pay cut for myself but no news about that so far.
The situation is grim yes, but whether it impacts you really depends on your firm, its size, your area of practice, etc.

Speaking as a big 4 assoc in a tier 1 corporate department, my dept has felt 0 slowdown in work since covid till now. As a dept, billables are better this year than last year at the same time.

However, I also know that small - medium firms are getting decimated. So, it really depends. But nobody can dispute that the economy, or the legal industry as a whole, is not doing well.
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  #7556 (permalink)  
Old 08-07-2020, 05:57 PM
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Originally Posted by Unregistered View Post
I advise onlookers here to take the content at this forum here with a pinch of salt and with prudence.

Iím speaking as someone with 3PQE at a big four and I can confidently say that most deals and matters have yet to stop. Iím sure even for smaller firms, they are still being kept busy because honestly deals are still going through. I have however heard that other big fours, even for mine, and many firms are on a hiring freeze mainly because the firms want to hedge the uncertainty of manpower in light of the economic uncertainty. However, my advise is that one should not see this situation as totally grim. There are still teams requiring manpower because work has simply not slowed down in any ways (fortunate or unfortunate, to each their own).

In a broader perspective, I think law is becoming increasingly competitive because economy has slowed down even before COVID. Employability in law is dependent on the general business activities. However, this is not a all-grim situation because there ARE still plenty of opportunities out there for graduates. Whilst I wouldnít advise my niece/nephews to study law but perhaps computer science, I would still encourage people who are already in the industry to hang tight and continue looking for opportunities. Nothing in this world comes easy.
Are you really from a B4 firm?
You write pretty poorly.
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  #7557 (permalink)  
Old 08-07-2020, 06:07 PM
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Too bad humji kias here including myself don't dare to name and shame firms. Let's start off with the sh!t firms do:
1. Abusive toxic workplace in breach or borderline in breach of MOM laws.
2. Slave firms taking advantage of glut for free or underpaid intern / trainees or getting paid instead.
3. Nepotism and guanxi firms.
4. Firms hiring cheap foreign lawyers/paralegals e.g. Malaysian called to advise on local law under the guise of a "consultant"
5. Firms which have undertable referral fee arrangement with other law firms and/or non-law firms e.g. car workshops
...

Re point 4, I've always wondered how said firms get away with it.

Wouldn't competitors whistle blow?
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  #7558 (permalink)  
Old 08-07-2020, 07:13 PM
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Re point 4, I've always wondered how said firms get away with it.

Wouldn't competitors whistle blow?
Nah cuz most law firms benefit from open leg foreign policy and cheap labour. That's why many paralegals and secretaries are foreigners (usually Malaysian, Pinoys and Indians, some are even law grads or lawyers in their own country), lesser and lesser aunties and virtually no young locals.

Have you ever wondered why your boomer partner can drive flash cars and live in bungalows, while the trainees working till 2am get a miserable $1k with no guaranteed retention?
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  #7559 (permalink)  
Old 09-07-2020, 02:09 AM
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I am going to resign by end august. Screw my abusive boss he can **** himself
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  #7560 (permalink)  
Old 09-07-2020, 05:17 AM
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I am going to resign by end august. Screw my abusive boss he can **** himself
Yeah think carefully though. Itís hard to find a job now
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