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22-05-2021, 01:23 PM
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Quote:
Originally Posted by Unregistered
WongP hands down, it's the leading B4 for M&A.
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I heard the converse. A&G for corp
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22-05-2021, 01:42 PM
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Quote:
Originally Posted by Unregistered
People must ask what is the goal of attrition.
If its to weed out the wayang kings, those backstabbers through retributive justice - perhaps its a good thing.
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The legal profession is a pyramid structure lah. The whole point is to hire a lot of grunts to do the work, and weed them out so that only a few get to be partners, and even fewer get invited to the ranks of equity partnership. Attrition is just a natural process like in any other sector. How many SAF regulars get to be Colonels or one-star Generals? How many business execs get to be C-Suite level leaders?
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22-05-2021, 02:22 PM
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Quote:
Originally Posted by Unregistered
The legal profession is a pyramid structure lah. The whole point is to hire a lot of grunts to do the work, and weed them out so that only a few get to be partners, and even fewer get invited to the ranks of equity partnership. Attrition is just a natural process like in any other sector. How many SAF regulars get to be Colonels or one-star Generals? How many business execs get to be C-Suite level leaders? |
Upvoted.
Which is why in our time the golden years of lawyering are over.
I don't know what the grunts are fighting about. You reached the top of the pyramid in 3 to 5 years in the past.
Nowadays there are too many grunts and too little pie, which triggers the grunts to divide themselves according to "school rankings" - dubiously biased and irrelevant since lawyering is a practice and not an essay competition - on an anonymous forum. Correlation not causation. Plenty of academically bright students struggle with practice, and plenty of non-academic students succeed.
There is a sense of dissatisfaction and entitlement, but if you go further, entitlement to what? What do you feel entitled to coming from a good school and good grades? 0.01% of the existing pie? Entitled to being a star grunt?
As a service industry, all the clients worth having are already on someone else's books. No point being acadenically strong without clients. You will only ever be a grunt.
If you're a doctor, the clients are the same. Lasik on a middle class person costs the same as lasik on an upper middle class person.
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22-05-2021, 02:43 PM
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Quote:
Originally Posted by Unregistered
Upvoted.
Which is why in our time the golden years of lawyering are over.
I don't know what the grunts are fighting about. You reached the top of the pyramid in 3 to 5 years in the past.
Nowadays there are too many grunts and too little pie, which triggers the grunts to divide themselves according to "school rankings" - dubiously biased and irrelevant since lawyering is a practice and not an essay competition - on an anonymous forum. Correlation not causation. Plenty of academically bright students struggle with practice, and plenty of non-academic students succeed.
There is a sense of dissatisfaction and entitlement, but if you go further, entitlement to what? What do you feel entitled to coming from a good school and good grades? 0.01% of the existing pie? Entitled to being a star grunt?
As a service industry, all the clients worth having are already on someone else's books. No point being acadenically strong without clients. You will only ever be a grunt.
If you're a doctor, the clients are the same. Lasik on a middle class person costs the same as lasik on an upper middle class person.
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Just to highlight late adopter tax - Bitcoin mining. It's all about being at the right place and at the right time. If you bought Bitcoin at the right time, you will not have to work for the rest of your life. The people buying mining rigs now have less of the pie than ever before. This is because the number of Bitcoins are finite. C'est la vie.
Before you backstab your fellow grunts, indulge in self-promotion or fight amongst yourselves, think. What are you fighting for? Is the pie even worth having now? What are the odds that you will be able to even get a small slice?
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22-05-2021, 02:50 PM
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Quote:
Originally Posted by Unregistered
Just to highlight late adopter tax - Bitcoin mining. It's all about being at the right place and at the right time. If you bought Bitcoin at the right time, you will not have to work for the rest of your life. The people buying mining rigs now have less of the pie than ever before. This is because the number of Bitcoins are finite. C'est la vie.
Before you backstab your fellow grunts, indulge in self-promotion or fight amongst yourselves, think. What are you fighting for? Is the pie even worth having now? What are the odds that you will be able to even get a small slice?
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Yes so as an oldie what do you recommend the juniors do? If dont fight, no politicking, that doesnt mean others dont do that to you.
Like you said, its already so difficult to get a small slice of the pie.
So if you dont attack youre practically as good as food to be eaten
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22-05-2021, 06:11 PM
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Quote:
Originally Posted by Unregistered
I grad from law school and your part b thinking that we all can be friends.
No need to throw others under the bus.
But I was used, played around, backstabbed.
You think other juniors share such pure views?
So these days, when another one bites the dust, its natural attrition.
One reaps what they sow.
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Hahaha even in big law firms the paralegals and legal secretaries also have their own competition with each other and how much are they earning? 2K or 3K?
What makes u think associates are not immune to it especially when law is such an exclusive club.
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22-05-2021, 06:12 PM
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Quote:
Originally Posted by Unregistered
Hahaha even in big law firms the paralegals and legal secretaries also have their own competition with each other and how much are they earning? 2K or 3K?
What makes u think associates are not immune to it especially when law is such an exclusive club.
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So low. Baker paralegals earn 9 to 10k and only expected to bill 40hrs a mth. Dawgfirm
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