Lawyer Salary

Anyone has idea about big 4 fresh assoc salary?

Originally Posted by Unregistered

Sheridan fellows are not lecturer or assistant prof lah.
They are training to be one, like a practice trainee is not an associate but merely training to be one. Same reasoning.

ok so rephrase - good to join and be sheridian fellow (nus) or lecturer (smu) without PQE? sheridian/lecturer same status ahaha.

Originally Posted by Unregistered

Anyone has idea about big 4 fresh assoc salary?

5.5k thereabouts, frontloaded. work until 12 midnight everyday, weekends included.

Originally Posted by Unregistered

5.5k thereabouts, frontloaded. work until 12 midnight everyday, weekends included.

How come? I thought 5.5k is not frontloaded ppl still get 3 months bonus

Originally Posted by LegalBeagle

Partnership in a US law firm is insanely tough to get. Most people exit the ladder after year 8 without partnership, and go in-house or go to UK outfits as partners (where partners earn significantly less). Not a bed of roses.

It’s US$190k btw, 180 is outdated.

Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.

Originally Posted by Unregistered

How come? I thought 5.5k is not frontloaded ppl still get 3 months bonus

Market is bad and too many law grads?

[LegalBeagle]

Originally Posted by Unregistered

Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.

And I might add, most US firm associates don’t make even of counsel. Of counsel is an honour accorded only to the technically oustanding associates without a book of business. Of counsel make in excess of USD700k per year or more (depending on seniority), and don’t face billing pressure (though they still do BD, their butts aren’t on the line at the end of the fiscal year. Those who don’t make of counsel are either asked to take their last drawn pay (US$440k per year including bonuses) or leave.

That said, exit opportunities for US end of ladder associates are pretty good.

Life in US firms can be brutal, but all in all very rewarding. I’d do it all over again though, given the superior risk reward profile it offers over local firms.

[Chatot]

Originally Posted by Unregistered

wahhahaha what a hilarious joker please see a doctor for your split personality or bipolar disorder it can be kept under control given recent advancements in medical tech and if you keep to your medicinal routine

It could be held under control without any tech/routines. Simple and cheap dugs help people with the disorder. Cbd works well visit site.

Originally Posted by Unregistered

Precisely. I see so many forum posters here keep talking about partnership this, partnership that, how much do I earn as a partner, oh Big 4 partnership is not prestigious only MC is, blah blah blah. Like as though its a given or an entitlement.

Without even the slightest idea what that entails. Partnership is essentially sales. You are selling yourself, your skills, and that of your team and your firm.

If you don't make sales, you won't make (equity) partner. Sure if you stay in Big 4, you will become a junior salaried partner, which is the equivalent of a senior senior associate.

In the US firms, if you're not on the partnership track, you're "of counsel". They don't waste time keeping unproductive people around as partners.

Most people don't make partner because they can't sell. With the way some lawyers talk, its so insufferable I'm not surprised. They are only socially adept at talking to other lawyers and piss business people or the clients off. Its the good ones who can talk to the clients well that hang around for the long term.

The way people here talk, I'd bet half of them are probably students or NQ with absolutely NO idea about law firm economics.

I think this applies more if you're trying to make partner in the Singapore office of a MC/US firm. Whereas in London, given the number of institutionalized clients there, there's much less of a focus on "sales" in corporate and finance work.

Originally Posted by LegalBeagle

And I might add, most US firm associates don’t make even of counsel. Of counsel is an honour accorded only to the technically oustanding associates without a book of business. Of counsel make in excess of USD700k per year or more (depending on seniority), and don’t face billing pressure (though they still do BD, their butts aren’t on the line at the end of the fiscal year. Those who don’t make of counsel are either asked to take their last drawn pay (US$440k per year including bonuses) or leave.

That said, exit opportunities for US end of ladder associates are pretty good.

Life in US firms can be brutal, but all in all very rewarding. I’d do it all over again though, given the superior risk reward profile it offers over local firms.

are of counsels in eversheds-harry E paid the abovementioned comp?