Lawyer Salary

Originally Posted by Unregistered

I think Shen Yi's article on law watch today sums it up well. Either go to international firms and do arbitration, or leave the litigation bar entirely. Seriously planning to move before the reforms kick in.

No need to scaremonger. The reforms won't be passed as is; the backlash from the private sector is too strong. Wait until the actual terms of the reform are finalised before making any decision.

Originally Posted by Unregistered

This seems to be the end result of the legal industry in a lot of developed markets - the US legal profession is also highly stratified with two humps.

https://www.biglawinvestor.com/bimod...ibution-curve/

i.e get good or get out before its too late - other industries are more forgiving

LOL. All these new regulations are implemented by ex-big 4 lawyers (Indranee & Shanmugam) who milked the system in the golden years and are now screwing everyone else.

Hi does any one know if it is the norm for NQs to be paid prorated bonus this coming December?

corp lawyers are smarter. Either they're smart enough to keep their mouth shut and quietly bill their rich clients, or they look at banks and realise they're in fact charging peanuts compared to bankers

It's the litigators who always go looking for trouble and have the loudest mouths. These cjc people have this strange and warped misconception that lawyers are always overcharging the poor man in the street. This scale costs reform is a prime example of trying to fix a non existent problem.

The truth is, legal services on the whole is bloody cheap in Singapore. If you can't afford to shop at fairprice finest, go to sheng siong! It's really that simple!

Actually if you look at the loonies from the bar, the vast majority of them are litigators. I suppose having delusions of grandeur is a self selective trait in litigation

Originally Posted by Unregistered

corp lawyers are smarter. Either they're smart enough to keep their mouth shut and quietly bill their rich clients, or they look at banks and realise they're in fact charging peanuts compared to bankers

It's the litigators who always go looking for trouble and have the loudest mouths. These cjc people have this strange and warped misconception that lawyers are always overcharging the poor man in the street. This scale costs reform is a prime example of trying to fix a non existent problem.

The truth is, legal services on the whole is bloody cheap in Singapore. If you can't afford to shop at fairprice finest, go to sheng siong! It's really that simple!

Actually if you look at the loonies from the bar, the vast majority of them are litigators. I suppose having delusions of grandeur is a self selective trait in litigation

Litigators overcharging clients? I am reminded of the Susan Wong case run by Alvin Yeo. Anyone who has seen Alvin yeo in court would agree that someone of his calibre should be charging alot less.

Originally Posted by Unregistered

Litigators overcharging clients? I am reminded of the Susan Wong case run by Alvin Yeo. Anyone who has seen Alvin yeo in court would agree that someone of his calibre should be charging alot less.

Susan Lim you mean? I think if she wins paying 1million is fine.

Instead of contingency fees, we are going on an opposite direction.
Anyway, ultimately what is fair charging is subjective and dependent on who you ask.

But pricing control can be a good tool to control cost. Surgeons already have fees benchmarks.

Originally Posted by Unregistered

Susan Lim you mean? I think if she wins paying 1million is fine.

Instead of contingency fees, we are going on an opposite direction.
Anyway, ultimately what is fair charging is subjective and dependent on who you ask.

But pricing control can be a good tool to control cost. Surgeons already have fees benchmarks.

Shan said contingency fees is a no no as it will encourage a litigious society. Arguably fee caps will have the same unintended effect as litigants will try their luck knowing their exposure is limited.

Pricing control is a blunt tool and only effective if you are providing a commoditised service. Litigation isn't a commoditised service, except at the low level.

Anyone who wants to shift litigation to a commoditised model, I hope you get sued or charged sooner rather than later. Believe me when that happens, you'll be eating your words and demanding personalised 24 hour service even from your bargain-priced Chinatown litigator.

What are your thoughts on TSMP Corp?

Originally Posted by unregistered

what are your thoughts on tsmp corp?

cutting edge wall street work bro

anyone knows the starting pay for a trainee at latham and watkins? Is it higher than CC?