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09-07-2020, 02:57 PM
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Quote:
Originally Posted by Unregistered
why don't firms just give them the associate title with legal exec pay then?
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Because there are cost consequences.
PC/SAL/PI/blah blah blah...
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09-07-2020, 03:00 PM
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Quote:
Originally Posted by Unregistered
their egos can't accept the 'legal exec' title
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Yes. This is what i think too... it's such a shame though. I think part of it is also that they don't need the money (from well to do families) and they don't understand just how tough the market is now.
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09-07-2020, 03:00 PM
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Quote:
Originally Posted by Unregistered
Does your firm name start with 'C'?
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Nope. Good guess though.
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09-07-2020, 03:15 PM
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Quote:
Originally Posted by Unregistered
Good luck!
Any stories of unretained NQs getting interviews at the Big 4?
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I can say with a lot of certainty that this isn't happening right now.
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09-07-2020, 03:17 PM
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I made the firm decision to quit law and became a financial consultant. Although the market isn’t doing well now, my commission is still on the higher-end (averaging about 12k/month). I have another friend who graduated the same year as me and is doing BD (8k/month). We are glad we made the decision after some tough deliberations and we are doing what we love right now. I love talking to clients from the beginning and I know law is going to shut me out for at least a few years. Now I get to manage my own portfolio and the salary is awesome. When I visit this page and look at all you struggling, it just reaffirmed that my decision to quit was right from the very beginning.
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09-07-2020, 03:21 PM
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Quote:
Originally Posted by Unregistered
Love it when they rebrand "selling insurance" as a "financial consultant".
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My parents exactly told me the same thing a year ago when I started out. True enough, insurance is 80% of what we do. But we also do wealth and retirement planning. Whatever it is, I’m still earning more than 10k a month just by talking to clients. Stressful at times but I enjoy the challenge. Better than law.
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09-07-2020, 03:25 PM
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Any thoughts on Uni of South Queensland for law
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09-07-2020, 03:25 PM
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Quote:
Originally Posted by Unregistered
My parents exactly told me the same thing a year ago when I started out. True enough, insurance is 80% of what we do. But we also do wealth and retirement planning. Whatever it is, I’m still earning more than 10k a month just by talking to clients. Stressful at times but I enjoy the challenge. Better than law.
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Your input is welcome, and fair enough. Perhaps it's better than law for you.
But clearly you came here not out of a desire to share (assuming you're even being honest about your salary and story), but to **** over the lawyers / law students in this forum.
Personally, at 2 PQE I was earning more than you are right now. The hours are long, but it's intellectually satisfying and I work with very creative and intelligent people. For all the to-be lawyers reading this, law work can be very satisfying -> do your homework and find the firm/team which will make work rewarding for you.
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09-07-2020, 04:09 PM
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Quote:
Originally Posted by Unregistered
I can say with a lot of certainty that this isn't happening right now.
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i'm inclined to believe this ^.
Honestly, i think many NQs who have not been retained will have trouble finding jobs.
If a legal exec position is offered, i'd say take first .... especially if you are determined to stay in legal. Once things get better, firms will start hiring again.
I honestly think there will be some hiring once all the covid-19 relief measures die down.
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