Lawyer Salary

Question to PQE 3 Lawyers and above. What is making you stay at your current firm, instead of deciding to set up your own firm? I've read up on early PQE-success stories like WMH law (not fantastic but they scaled to like 10+ish lawyers within 3 years of building the firm).

Billables (even for senior assocs) far outstrips the average SA pay right? I heard that even Chinatown firms earn 15-20k a month doing low value, high volume work. Why are lawyers content to stay at the mid-sized or big4, where you have to wait 15ish years to make senior partner?

Anyone working in SMC/SIAC/the like? Whats the pay/hours / whats ur background?

Also interested in people working in the legal arms of the Big Four accounting firms. Looks like EY bought a full functioning law firm and pwc is an FLP, while the rest are still just legal departments? Is working in these places more like being in house counsel or more like a regular law firm?

Originally Posted by Unregistered

Does SLB have good rates of transferring to MC? Jw

'good' is relative

Originally Posted by Unregistered

I wanna go to international from B4 as a NQ/1PQE. Where's good for disputes and has a track record of hiring straight from B4?

I wanna have sex with Miranda Kerr

Originally Posted by Unregistered

I wanna have sex with Miranda Kerr

That impossible?

Originally Posted by Unregistered

That impossible?

What if my surname is bloom

Originally Posted by Unregistered

Anyone working in SMC/SIAC/the like? Whats the pay/hours / whats ur background?

Also interested in people working in the legal arms of the Big Four accounting firms. Looks like EY bought a full functioning law firm and pwc is an FLP, while the rest are still just legal departments? Is working in these places more like being in house counsel or more like a regular law firm?

I think you've confused the legal in-house function, with Big 4 accounting firms (or "consulting" firms as they like to call themselves nowadays) new legal service offerings.

The former is just like working in any in-house role lor. All big corporations have a legal department. Dealing with internal issues, employment, contracts with vendors etc.

The latter is the Big 4's attempt to muscle in on legal services for external clients, provided by traditional law firms, in addition to their existing service offerings like Audit, Tax and Consulting (not as prestigious as MBB).

For now they have to tie up with local law firms because of existing prohibitions against non-lawyer ownership of law firms.

Very soon however, I predict a liberalization in the legal sector such that accounting firms may fully own law firms. Prepare to sign on to the Big 4. Starting salaries for NQs will be < $3200/month (like auditors), as is the wish of some posters in this forum LOL. This is the future.

Originally Posted by Unregistered

What if my surname is bloom

Honestly the quality of discussion at this forum is getting from bad to worse. Luckily I don’t see such trash talks or gossips within my own circle of friends in the industry. That being said, I’m going to take my leave.

Originally Posted by Unregistered

Honestly the quality of discussion at this forum is getting from bad to worse. Luckily I don’t see such trash talks or gossips within my own circle of friends in the industry. That being said, I’m going to take my leave.

It is reflective of the falling standards throughout the industry. I assume that its mostly law school seniors, fresh grads doing part a or part b, trainees or NQs posting here.

If you do the math, this category would include those people who applied for law school at the peak of the glut and prior to the mass delisting of the UK schools. I.e. those who couldn't get into local law school and had to apply for second tier UK or Aussie universities.

[sinkingfeeling]

Originally Posted by Unregistered

Honestly the quality of discussion at this forum is getting from bad to worse. Luckily I don’t see such trash talks or gossips within my own circle of friends in the industry. That being said, I’m going to take my leave.

It's true, I am the trash