Lawyer Salary

Originally Posted by Unregistered

Could you please check again on mine? 24146 - thanks!

Done

Thanks!

Thanks!

Thanks!

Originally Posted by Unregistered

I've heard it ranges around 3.5 (bare minimum) -4.5 (most small firms are closer to at least <4k), but that's excluding bonuses. You'll earn about 30% less than big law firms, but the difference will not be as big in the formative years (assuming your firms pays out around 3-4 months of bonus).

Also, if you're hardworking or good at negotiating, usually what happens is that associates will ask for a cut of the fees they generate. I've heard of chinatown lawyers under 3PQE earning 10-15k from chinatown firms, as they have deals where they get 10-20% of fees generated.

If you're not super ambitious, the partners make a really decent living. It's just that your earning at chinatown firms (those crim/family sweatshops) will top out at say 20-30k, whereas biglaw firms (if you slog for years and make it to equity level), will top out at alot higher.

thanks! is it expected from small / mid / big sized firms to bring files in as someone who just passed the bar?

or are juniors doing legwork mostly?

Originally Posted by Unregistered

thanks! is it expected from small / mid / big sized firms to bring files in as someone who just passed the bar?

or are juniors doing legwork mostly?

All correct except for this - I've heard of chinatown lawyers under 3PQE earning 10-15k from chinatown firms, as they have deals where they get 10-20% of fees generated.

Maybe 6-8 PQE might be this.

Should I train at CC L&DR? Any upside to doing 1.5 years of corporate work during the 2-year training stint?

Anyone else finds it cringeworthy that a fellow assoc is liking MPs Facebook posts and posting inane comments such as Thank you for your effort to support (whatever cause)? Literally that's their only Facebook activity. Feels like brown nosing to a new level. Or should I bow now before a future Pap candidate?

Originally Posted by Unregistered

Anyone else finds it cringeworthy that a fellow assoc is liking MPs Facebook posts and posting inane comments such as Thank you for your effort to support (whatever cause)? Literally that's their only Facebook activity. Feels like brown nosing to a new level. Or should I bow now before a future Pap candidate?

Or should I bow now before a future Pap candidate? <- this.

Originally Posted by Unregistered

10+ lawyers. But the team 2 person

Are you at WMH

Originally Posted by Unregistered

Are you at WMH

Not in Chinatown or Toa Payoh

Originally Posted by Unregistered

All correct except for this - I've heard of chinatown lawyers under 3PQE earning 10-15k from chinatown firms, as they have deals where they get 10-20% of fees generated.

Maybe 6-8 PQE might be this.

Can I assume that lawyers salary has unlimited upside potential in small firms as time passes ? Or it depends on the amount of business a person can get from their connections? Looking at longer time frame.

A regular corp employee may not get pay increment or bonus or may end up getting retrenched/ fired. Truck load of office politics to deal with within and across depts. Also dunno where the arrow come from.

Do people get fired from law firms?

Originally Posted by Unregistered

Can I assume that lawyers salary has unlimited upside potential in small firms as time passes ? Or it depends on the amount of business a person can get from their connections? Looking at longer time frame.

A regular corp employee may not get pay increment or bonus or may end up getting retrenched/ fired. Truck load of office politics to deal with within and across depts. Also dunno where the arrow come from.

Do people get fired from law firms?

I can't speak for most of this post but it also seems that corp has higher barriers to entry in being a partner. Correct me if I'm wrong - I don't think it's possible to get big corporate clients at a senior level easily, unless you're from a brand name firm. Harder to survive as a partner doing transactional work.

Seems like a lot of them move inhouse.

Whereas for litigation there is a constant flow of work.

Can someone elaborate? I am not sure which area is better