Lawyer Salary

Originally Posted by Unregistered

The answer above about "life experience" and "it depends" is a bad one. It really doesn't work that way.

When thinking about career moves, you should always think about it from the hirer's perspective. What value proposition do you bring to my org as a lawyer with 1-3 years of experience? I will give you an example. Say you are a M&A lawyer. A really good one. After 3 years, you decide you want to switch out and become a BD manager. You apply to my org. Do your 3 years of M&A experience mean anything? Straightforward answer: No. Even if I were to be planning an upcoming merger, something right up your alley, (1) it's not your job to handle the merger, and (2) if I really needed legal advice, I would consult my law firm. Not my BD manager.

Of course the situation is different if you are inhouse counsel, but we're discussing the case where one applies to a non-law related role.

Then the common response at this point is: "What about the soft skills that you have as a lawyer communication writing analytical skills bla bla bla". My answer is: Sure. You have that. But you're also expensive. If you're coming in as a 3PQE, will you accept a pay that's equivalent to a fresh grad? Probably not. But that's your value to me right now because you have no experience in the field. And fresh grads can also have those small skills. Even if you are willing to accept that, wouldn't I rather hire a fresh business graduate who already has some notion of business concepts from a degree that is somewhat related to the field?

In short, the longer you stay in law, the harder it is to get hired in a non-law field. Simple as that. If you wanna get out, get out earlier. This is anecdotal as well, have many friends who experienced the same. The most common way of pivoting out is apply to a good school, do a MBA. Then you can restart your career.

I’m not the OP but to summarize the poster’s point - get out of law while you’re still a fresh grad. The longer you stay the harder it is to bridge the relevant experience and justify the career change. To many of you who thinking of quitting due to the current situation of the industry, my advice to you is, think carefully about the skills you have acquired from law school and your training. They can be applicable to the new role which you are applying to in many ways. You are still in a privileged position to quit the industry if you just got called.

Like many others, I didn’t quit law mainly because I could not accept a pay that is significantly lower than what I am earning. Unfortunately many of my peers share the same sentiment. If I were in that fresh grad position I would love to go into a new career altogether and I am confident the pay I would have in that MNC would be equal or marginally less than my current pay.

Originally Posted by Unregistered

I got called and never held a PC. I earn an extremely low salary now.

That said, I have friends who have done very well for themselves with ineligible law degrees (recognised uni, grade too low) as in house counsel. I'm not sure why I failed to land any such roles despite being called but the lesson and answer to your question is, it doesn't really matter.

Mind sharing what you're doing now?

Originally Posted by Unregistered

BD roles focus on driving business growth and mainly fall into two categories: partnerships (sales) and expansion opportunities (which needs a lot of skills on data and statistics). It is good if you have such skills but many hirers apparently are not too concerned if you have the relevant background when you’re starting out at a junior level. This is because most skills such as CRM specific exp are taught when you’re on the job.

This is also why the earlier you quit the better. At the entry level position, hirers aren’t extremely particular if you don’t have the specific CRM skills. The pay for entry level BD is about 3.5-5k depending on the organization. Most people become executives in a few years and they can easily hit the 7-9k region. So if you want to earn about the same kind of salary as your law peers once you hit 30, quit law now and start early so you have plenty of time climb up to the executive positions and learn from the role.

Originally Posted by Unregistered

Mind sharing what you're doing now?

A generic government job that any grad (even those who did some hippie crap like gender studies) could qualify for.

Why didn't you join the AGC?

Originally Posted by Unregistered

Why didn't you join the AGC?

I didnt get good honours on my degree + there was a hiring freeze and a queue to join AGC during the time that I decided to join the public service. Joining the AGC was not on my radar before that. I've probably gone too far down the wrong track for such regrets now.

Do you all ever feel that you're the most stupid person on the team as a junior associate?

It’s starting...heard a certain B4 in MBFC has implemented pay cuts...

Originally Posted by Unregistered

It’s starting...heard a certain B4 in MBFC has implemented pay cuts...

Huh but their salary is already so Low..

Originally Posted by Unregistered

Huh but their salary is already so Low..

They all along have been the pay leaders amongst the B4... Unless you mean B4 pay is low