Lawyer Salary

Originally Posted by Unregistered

Does anyone know anything about Quahe Woo & Palmer? Culture, salary, prospects...

Horrible, disappointing, and average, in that order.

Seriously if you’re a FCH and money is your priority, just go in house and work towards general management.

If you’re smart, you can make managing director of a business unit before 32 and earn $500k a year with stock options.

Best part you skip the crazy hours that a law firm partner has to do before trial.

Originally Posted by Unregistered

Seriously if you’re a FCH and money is your priority, just go in house and work towards general management.

If you’re smart, you can make managing director of a business unit before 32 and earn $500k a year with stock options.

Best part you skip the crazy hours that a law firm partner has to do before trial.

Bro what are you smoking, $500k at 32 in management? Only law partners, i-bankers, and civil servants on superscale can conceivably make that in their early 30s.

Sure life in Singapore as a millennial is tougher than a decade ago due to imprudent government policies, but law remains a very lucrative career for the academically inclined.

Originally Posted by Unregistered

Bro what are you smoking, $500k at 32 in management? Only law partners, i-bankers, and civil servants on superscale can conceivably make that in their early 30s.

Sure life in Singapore as a millennial is tougher than a decade ago due to imprudent government policies, but law remains a very lucrative career for the academically inclined.

Dude. $500k at early 30s is not achievable even for a Harvard Law grad who clerked for the US Supreme Court and became a partner in the whitest of the white shoe law firms in New York. Talk c ock.

Law is not a "very" lucrative career. It is a stable, upper middle class career for the above-average in studies. You will get to drive a BMW and maybe eventually upgrade to a Jaguar. If you're a good rainmaker, maybe you will swap cars every 3 - 4 years and get that Maserati when you're in your mid 40s (if you really want it, however impractical it is).

You will be comfortable, but you will not be Steve Cohen rich.

Originally Posted by Unregistered

Dude. $500k at early 30s is not achievable even for a Harvard Law grad who clerked for the US Supreme Court and became a partner in the whitest of the white shoe law firms in New York. Talk c ock.

Wachtell (the whitest of the white shoe law firms) has a PEP of >USD5 million with lockstep compensation. They literally make you an overnight millionaire the moment you make partner.

Same with Cravath, Slaughter and May and pretty much any top firm that pays lockstep.

Originally Posted by Unregistered

Wachtell (the whitest of the white shoe law firms) has a PEP of >USD5 million with lockstep compensation. They literally make you an overnight millionaire the moment you make partner.

Same with Cravath, Slaughter and May and pretty much any top firm that pays lockstep.

Wachtell is like literally the no.1 firm though... and no other firm besides them pays the kinds of salaries they do.

Think about it, every year Harvard alone takes in 600+ law students, and there are so many other competitive schools... of which only 28 of them or so will get a summer associate position in Wachtell. You might have a better chance hoping to strike it rich opening a siam diu hoping to make bank, than hoping to beat out the competition at elite US law schools for a place in Wachtell. After which you'd still have to beat your classmates in Wachtell to get that coveted partnership.

Originally Posted by Unregistered

Wachtell is like literally the no.1 firm though... and no other firm besides them pays the kinds of salaries they do.

OP's specific scenario was of making partner at the top firm i.e. Wachtell.

In any case, the other firms I mentioned have similarly sky-high starting partner pay. Cravath's is USD2 million (PEP of USD4 million with a spread between highest-paid and lowest-paid partners of 3-to-1). Slaughter's is GBP1.8 million (PEP of GBP2.7 million with a spread of 2-to-1).

Also, you'd be surprised at the number of people in each cohort not looking to make partner at the firm. Once you get your foot in the door, competition is actually not as high as you'd think. The main challenge is whether you can last long enough to reach 7-10PQE.

Originally Posted by Unregistered

OP's specific scenario was of making partner at the top firm i.e. Wachtell.

In any case, the other firms I mentioned have similarly sky-high starting partner pay. Cravath's is USD2 million (PEP of USD4 million with a spread between highest-paid and lowest-paid partners of 3-to-1). Slaughter's is GBP1.8 million (PEP of GBP2.7 million with a spread of 2-to-1).

Also, you'd be surprised at the number of people in each cohort not looking to make partner at the firm. Once you get your foot in the door, competition is actually not as high as you'd think. The main challenge is whether you can last long enough to reach 7-10PQE.

Hmm lets be realistic. How much does a junior equity partner at Lee & Lee or HEP earn?

Originally Posted by Unregistered

Hmm lets be realistic. How much does a junior equity partner at Lee & Lee or HEP earn?

Same as what a first yearer earns in CC.

Originally Posted by Unregistered

Same as what a first yearer earns in CC.

Sounds ridiculous right, but it’s true.