Lawyer Salary

Originally Posted by Unregistered

This guy is fear mongering. The MCs were still hiring and deals were being done. The banking lawyers switched to doing restructuring work instead.

It is always difficult to see the other side when one is drawing $20k a month driving a fancy car staying in a upscale condo.

Originally Posted by Unregistered

sorry could you elaborate more on this? don’t have any seniors in that age bracket

If you’re 1-2 Pqe, there’s nothing to worry.
That is at a stage where it’s possible to retrain and you’re less costly.

At 5-8 Pqe, the associate/SA is very expensive to the firm.
When deal flow dries up or becomes less, a lot from this batch will be let go.

Say you ride out the recession without a job, when it’s time to re-enter, it is unlikely to get hired again. Because in those few years there will be more junior lawyers entering, the remaining 2-3 Pqe would become 5-6 Pqe post recession and can do the mid level work by then.

No one is saying there won’t be jobs around. In fact there will always be. It’s just that in a recession, layoffs are inevitable as firms try to stay nimble to ride out the crisis

Originally Posted by Unregistered

It is always difficult to see the other side when one is drawing $20k a month driving a fancy car staying in a upscale condo.

$20k? More like $26-27kpm for a senior assoc (>6pqe) in an international firm. Not even corporate assocs, even disputes will do

Originally Posted by Unregistered

If you’re 1-2 Pqe, there’s nothing to worry.
That is at a stage where it’s possible to retrain and you’re less costly.

At 5-8 Pqe, the associate/SA is very expensive to the firm.
When deal flow dries up or becomes less, a lot from this batch will be let go.

Say you ride out the recession without a job, when it’s time to re-enter, it is unlikely to get hired again. Because in those few years there will be more junior lawyers entering, the remaining 2-3 Pqe would become 5-6 Pqe post recession and can do the mid level work by then.

No one is saying there won’t be jobs around. In fact there will always be. It’s just that in a recession, layoffs are inevitable as firms try to stay nimble to ride out the crisis

Thanks for the input!

Originally Posted by Unregistered

I work very long hours and I am at a good place in terms of career development. I’m currently in my mid 20s and my parents started saying it will be impossible for me to find a partner given my hours and given that I probably wouldn’t find anyone on par with me in terms of career.

I know odds are against me, but any advice as to how I can find a suitable partner while having a good career please?

No trolls please.

What does it mean “on or with you in terms of career”?

work just as long hours as you?

What;s the best route to take if I want to join international commercial disputes / PCA / ICSID type disputes work?

What sort of post LLB qualifications should I have? Need to learn french? Would a stint in one of the intl commercial organisations like ICC or UNIDROIT help?

Originally Posted by Unregistered

The problem is that there are too many of these small Chinatown firms with crap subpar lawyers of questionable educational/professional pedigree running amok and sullying the profession. There's no institutional standards or safeguards.

In France, notary publics practice individually but are state employees.

My solution to solve this problem of crappy small firm Chinatown standards:

make it compulsory for all law practices to have a minimum of 20 practising lawyers. No firm will be allowed to operate with fewer than 20 lawyers. All other lawyers not practicing in law firms will be civil servants employed by the state, like the French notary public model.

Lol bro, as a lawyer, please do some research like simple Googling. The lawyer you are referring to in this article is not even working in a Chinatown firm.

Originally Posted by Unregistered

Lol bro, as a lawyer, please do some research like simple Googling. The lawyer you are referring to in this article is not even working in a Chinatown firm.

"Chinatown law firm", "Chinatown standards"

In this context "Chinatown" functions as a metonym for small crappy law practices. This guy's firm fits the bill.

As a lawyer, please brush up on your narrative capabilities.

Originally Posted by Unregistered

Top paying Singapore Law Firms (SG$)
NQ 90,000
1PQE 102,000
2PQE 120,000
3PQE 139,200
4PQE 160,800
5PQE 182,400
6PQE 204,000
7PQE+ 222,000+

Is this accurate for local firms? This is taken from Taylor Root's 2022 private practice guide. They say it includes bonuses (i.e. total comp)

Is this accurate for all B4s? Which is the highest/lowest paying B4?

Originally Posted by Unregistered

"Chinatown law firm", "Chinatown standards"

In this context "Chinatown" functions as a metonym for small crappy law practices. This guy's firm fits the bill.

As a lawyer, please brush up on your narrative capabilities.

I'm not a lawyer bro, but I boss around lawyers from one of the B4 as their good client who pays his bills on time. So your advice doesn't mean anything to me. Get back to work boy, your partner is expecting your submissions on his desk by 2pm.