Lawyer Salary

Originally Posted by Unregistered

Are local firms salaries low because local firms are simply stingy or is it the fact is that local firms can't bill as much as international firms due to the per hour billing requirement

Little bit of both, obviously bigger firms in the UK/US are willing to pay more for work and therefore law firms can charge higher rates (plus they have the benefit of higher exchange rates).

However, another point (the more important point) is that the benefits and compensation packages in the UK/US law firms are far flatter than SG. SG firms are stingy and therefore compensation is top-heavy. In the UK/US firms, the difference between an Assoc and EP is not as crazily high as in Singapore. For example, EPs in Singapore big4 may earn 100x-200x the compensation of an NQ/1PQE assoc, whereas that difference is far less in UK/US.

Originally Posted by Unregistered

what is the market rate salary now for 0-3pqe at b4, mid-sized firms & small firms? does anyone know?

wanted to know this too

Originally Posted by Unregistered

Little bit of both, obviously bigger firms in the UK/US are willing to pay more for work and therefore law firms can charge higher rates (plus they have the benefit of higher exchange rates).

However, another point (the more important point) is that the benefits and compensation packages in the UK/US law firms are far flatter than SG. SG firms are stingy and therefore compensation is top-heavy. In the UK/US firms, the difference between an Assoc and EP is not as crazily high as in Singapore. For example, EPs in Singapore big4 may earn 100x-200x the compensation of an NQ/1PQE assoc, whereas that difference is far less in UK/US.

Bro, you ho sei bo? NQ = 5.8k, EP (x100) earning 7 mil a year? Unless you’re the top 3 lawyers in Singapore, who you kidding?

And if you x200, EP earning 14 mil a year? You hoseibo?

Originally Posted by Unregistered

Bro, you ho sei bo? NQ = 5.8k, EP (x100) earning 7 mil a year? Unless you’re the top 3 lawyers in Singapore, who you kidding?

And if you x200, EP earning 14 mil a year? You hoseibo?

I am a EP in a big 4 firm. I can confirm. I earn 21mil a year.
Who you calling ho sei bo now?

Just got my tc at Wong P, allowance at 3k

All the talk about international firm is meaningless.
In UK, they are hiring people predominantly with the UK degrees (domestic), meaning your first class from Leicester, Bristol, Leeds, etc.
In Sg, the firms generally hire people from domestic (Sg), meaning NUS/SMU.

If you wanted to work in UK firms in UK, you should have studied in the UK with your AAA/A or AAB/A. Not much point complaining about the state of affairs.

Originally Posted by Unregistered

Just got my tc at Wong P, allowance at 3k

wongp tc pay is 3k? not 2k?

Originally Posted by Unregistered

Bro, you ho sei bo? NQ = 5.8k, EP (x100) earning 7 mil a year? Unless you’re the top 3 lawyers in Singapore, who you kidding?

And if you x200, EP earning 14 mil a year? You hoseibo?

Bro, your math fail one ar?

5.8x100 =580k
5.8x100 = 1.16m

How you get to x100 = 7m?

Please advise.

Originally Posted by Unregistered

Bro, your math fail one ar?

5.8x100 =580k
5.8x100 = 1.16m

How you get to x100 = 7m?

Please advise.

??? 580k a month is 6.9++mil a year, which is about 7mil a year.

Originally Posted by Unregistered

Bro, your math fail one ar?

5.8x100 =580k
5.8x100 = 1.16m

How you get to x100 = 7m?

Please advise.

Wah kum gong and can’t even math and want to double down. You don’t shame the legal profession leh.