Lawyer Salary

Originally Posted by TorontoLaw

Thank you for the honest response. In Toronto, our billable targets are approximately 1.8k - 2k PA as well.

How many weeks of vacation does the typical associate in an international firm have?

Are there specific practice areas which are more competitive / lucrative in Singapore?

Thanks again.

In general, most lucrative corp depts = M&A or financing. Financing is way more boring, but easier to move out because it's a smaller crop. I prefer M&A cause the work is more interesting + you have more variety to choose from.

Any in house counsel here can share their experience and pay?

Originally Posted by Unregistered

Any in house counsel here can share their experience and pay?

I'm 5-6 years PQE (intentionally being unclear here so that harder to find me) in a tech company.

General payscale after job hunting for a long time before current role is:

Local company, listed or not listed doesn't matter - 8-10k, a month or 2 bonus at max
Manufacturing or retail MNC - 10-15k, same bonus as above, may have some equity
Startup not-listed on exchange - very big range. from 8k to 17k, always some equity involved, if listed, equity easy to dispose and cash out. not much bonus.
listed tech company - 12-22k. small bonus, some equity.

I've seen lots of variance in the start ups and big listed tech companies. Some roles in tech companies pay low, some high, but general trend is equity is offered

Originally Posted by Unregistered

In general, most lucrative corp depts = M&A or financing. Financing is way more boring, but easier to move out because it's a smaller crop. I prefer M&A cause the work is more interesting + you have more variety to choose from.

Originally Posted by Unregistered

employee = transactional work (work for intl firms and more exit opportunities)

boss = 'complex' litigation beats M&A (latter may be subject to more price competition). cream off the billables all your juniors.

source: assoc

Originally Posted by Unregistered

Average is probably around 20-25 days. There are some firms which have unlimited days off, but these systems have their own issues.

In terms of practice areas, transactional work (in particular, M&A) is the the most competitive / lucrative.

How is the market for Corporate Tax or Wealth Management?

Originally Posted by Unregistered

I'm 5-6 years PQE (intentionally being unclear here so that harder to find me) in a tech company.

General payscale after job hunting for a long time before current role is:

Local company, listed or not listed doesn't matter - 8-10k, a month or 2 bonus at max
Manufacturing or retail MNC - 10-15k, same bonus as above, may have some equity
Startup not-listed on exchange - very big range. from 8k to 17k, always some equity involved, if listed, equity easy to dispose and cash out. not much bonus.
listed tech company - 12-22k. small bonus, some equity.

I've seen lots of variance in the start ups and big listed tech companies. Some roles in tech companies pay low, some high, but general trend is equity is offered

It really depends on what your experience is when moving in-house and how much (or little) you can bring to the table.

I will also say that these figures are very much pre-covid figures and you should moderate your expectations downwards slightly (approx. 10%).

I have a senior who followed this career path.

3 yrs in Singapore in litigation and trusts (I think)
2 yrs in Shanghai @ Harneys offshore
2 yrs in Hong Kong @ Walkers offshore

I am interested in offshore practice like him and would like some feedback on the salary progression of this person.

any speculation on how much must he be making now or when he was at harneys?

Originally Posted by Unregistered

I have a senior who followed this career path.

3 yrs in Singapore in litigation and trusts (I think)
2 yrs in Shanghai @ Harneys offshore
2 yrs in Hong Kong @ Walkers offshore

I am interested in offshore practice like him and would like some feedback on the salary progression of this person.

any speculation on how much must he be making now or when he was at harneys?

Your title - Walkers and Harneys magic circle????? LOL

Originally Posted by Unregistered

I'm 5-6 years PQE (intentionally being unclear here so that harder to find me) in a tech company.

General payscale after job hunting for a long time before current role is:

Local company, listed or not listed doesn't matter - 8-10k, a month or 2 bonus at max
Manufacturing or retail MNC - 10-15k, same bonus as above, may have some equity
Startup not-listed on exchange - very big range. from 8k to 17k, always some equity involved, if listed, equity easy to dispose and cash out. not much bonus.
listed tech company - 12-22k. small bonus, some equity.

I've seen lots of variance in the start ups and big listed tech companies. Some roles in tech companies pay low, some high, but general trend is equity is offered

i'm so envious

my PQE is closer to 10 but my base is not even 150k pa

Originally Posted by Unregistered

i'm so envious

my PQE is closer to 10 but my base is not even 150k pa

Ikr inhouse 5-6pqe at 22k + equity is incredible

Originally Posted by Unregistered

Your title - Walkers and Harneys magic circle????? LOL

He said offshore what. Kumgong. Go google it.