Lawyer Salary

Originally Posted by Unregistered

WOw the regret has never been stronger to be stuck in law

lol not like finance is much better buddy. go ask your friends in finance.

Originally Posted by Unregistered

Current smu student here, I would want to practice in the US. Is the only way to do that by getting a US LLM after I finish school at SMU?

LLMs are not very useful in breaking into the US market. You should try getting some working experience in a top-tier firm in Singapore first, work towards getting your US qualification, then hit up a recruiter to get you interviews with firms in the US.

This method is a bit less risky and costly too.

Originally Posted by Unregistered

lol not like finance is much better buddy. go ask your friends in finance.

At least they don't earn $1,250/month for a year

Originally Posted by Unregistered

At least they don't earn $1,250/month for a year

lmao rip but i don’t think they’ll pay trainees trainee pay for 12 mths? surely they’ll increase to peg to Exec pay after first 6 mths of one year TC? :thinking:

lawyer will be replace by chatgpt just ask the question it give the legal advice.

Originally Posted by Unregistered

lawyer will be replace by chatgpt just ask the question it give the legal advice.

The legal profession in its modern iteration has never been about gatekeeping legal knowledge. All the knowledge is there in practitioner texts, textbooks, journals and even online articles (to varying degrees of accuracy). Coffesshop uncles have access to these info at their fingertips.

Rather, lawyering is all about monetizing the blood, sweat and labour of hundreds of bodies called young lawyers and fresh grads (doing the most mundane tasks like due diligence, sifting through data rooms or piecing veritable mountains of boring as fk documentary evidence into a coherent case theory) and turning such labour into a product for clients, in exchange for that sweet sweet monetizable billable hours.

And doing it on an industrial scale so as to be profitable, I might add.

People who claim that AI or chatGPT will replace lawyering reveal how little they actually understand what the legal profession is. All it will do is to help lawyers monetize their product better.

I am a PQE 3 lawyer, who is specialised in civil and commercial litigation.

I am thinking of setting up my own chinatown 1 man law firm.

Anyone here has done so? Is it likely for me to make more money than being employed by big4?

I looked at my billables and I generated alot of money for the firm. However, I only get paid a small fraction of it.

If I go out on my own, is it very hard to find clients?

anyone knows how hard it is to lateral to international firms like CC and A&O from a big 4 commercial practice?

Originally Posted by Unregistered

anyone knows how hard it is to lateral to international firms like CC and A&O from a big 4 commercial practice?

Honestly just go on linkedin and message any of them and they will be more than happy to chat. I am at one of those two firms and if someone messaged me and they were sincere I'd be more than happy to provide advice or even have a coffee.

Originally Posted by Unregistered

At least they don't earn $1,250/month for a year

Which firms pay that low lmao