Lawyer Salary

Originally Posted by Unregistered

And therein lies the problem. This explains why the legal industry is so toxic.

The problem that caused this glut is the opening the floodgates too wide for many UK and Australian universities to be recognized. I'm not saying that all UK and Australian universities should be banned, but rather only the excellent universities should be recognized together with the local universities

But when too many universities are recognized, this lead to a glut of graduates which allow some employers to pick and choose, while behaving like a complete asshole

Originally Posted by Unregistered

The problem that caused this glut is the opening the floodgates too wide for many UK and Australian universities to be recognized. I'm not saying that all UK and Australian universities should be banned, but rather only the excellent universities should be recognized together with the local universities

But when too many universities are recognized, this lead to a glut of graduates which allow some employers to pick and choose, while behaving like a complete asshole

Yeah but the very top graduates from the overseas universities don’t come back to Singapore.
They stay in London and work in the white shoe and magic circle.
They are smart. When they come back to SG many years later these people would have become MC/whiteshoe partners sent from London to manage the Asia outfits.

It’s the mediocre ones that come back.

Originally Posted by Unregistered

Yeah but the very top graduates from the overseas universities don’t come back to Singapore.
They stay in London and work in the white shoe and magic circle.
They are smart. When they come back to SG many years later these people would have become MC/whiteshoe partners sent from London to manage the Asia outfits.

It’s the mediocre ones that come back.

True that. But there are many mediocre ones who will come back, because only the cream of the crop Singaporeans will get a chance with white shoe and magic circle as they are also competing with the top UK and EU grads.

And these numerous mediocre ones are causing the glut and quite a number of them, I dare say, are really not suited to be lawyers. Some of the UK grads from the delisted uni, the quality is just bad. Can't even do a decent research, all just got by because of spotting and luck. Spotting doesn't help in real life legal cases, unfortunately

Originally Posted by Unregistered

What to do? I know a friend who drives a Lamborghini told off the partners. Epic.
But how many can afford to do so?
Most people need the job.

Those who can afford to do so can always leave the legal industry and start their own business

Also, their parents are rich and influential enough so even the partners will think twice before 'taking revenge'

Actually suspect many firms adopt poor retention practices.
So firms may have 90-100% retention rates.
But after 1-2 years, more than 80-90% of that batch will be gone (made redundant, etc)
What does this show? A better indicator is prospects after 1-2 years rather than pure retention rates. Why? Retention rates can always be skewed. It’s not accurate.

And the trouble is not so much on influx from overseas universities.
Frankly it’s because the firms take into many trainees (hiring 3-4 years in advance) and attrition is slower than the rate at which trainees are qualifying.

That’s why after 1-2 cycles when juniors see what is happening to their seniors, being taught by them, only for the first yearer lawyers to replace the second yearers, tell me, who want to teach anymore? If you teach, you’re accelerating your demise from the law firm.
Worse if it’s an international firm, where the stakes (salary) are indeed much higher.

Originally Posted by Unregistered

That’s why after 1-2 cycles when juniors see what is happening to their seniors, being taught by them, only for the first yearer lawyers to replace the second yearers, tell me, who want to teach anymore? If you teach, you’re accelerating your demise from the law firm.
Worse if it’s an international firm, where the stakes (salary) are indeed much higher.

What are you on about, international firms are where the best teaching happens.

Originally Posted by Unregistered

What are you on about, international firms are where the best teaching happens.

Yup. I've been placed to run files at like my 2nd month in my TC already. Have to get my boss to blessings before sending anything out, but we are expected to do so.

Originally Posted by Unregistered

What are you on about, international firms are where the best teaching happens.

Guess the poster is not talking about recent JLVs or FLAs.
When international is used, it means firm(s) that pays above and beyond big four rates.
The poster is suggesting things that only people within that strata will know.

Originally Posted by Unregistered

Guess the poster is not talking about recent JLVs or FLAs.
When international is used, it means firm(s) that pays above and beyond big four rates.
The poster is suggesting things that only people within that strata will know.

Which means in sg, either bmwl or cc

Originally Posted by Unregistered

just leave, the firm doesn't deserve you

she's probably a b|tch in her personal life as well

a wise friend once told me - if someone is nasty at work, can you imagine how truly horrible they are in their private life?

had a b1tch senior as well. funnily she ended up marrying someone in the same firm. even more funnily the guy is known to be a flirt. jokes on her.