legal profession not worth it? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




legal profession not worth it?

Reply
 
Thread Tools
  #1 (permalink)  
Old 16-12-2009, 12:13 PM
Junior Member
 
Join Date: Dec 2009
Posts: 2
alarme is on a distinguished road
Default legal profession not worth it?

hi, heard that lawyers hit a pay cap of 7 to 8k monthly if you are not made partner. just wondering how true this statement is. is this already inclusive of bonus? is this the average rate? anyone able to elucidate?

it seems that slogging out 4 years in law school plus the stress and long working hours of legal practice, only to hit this sort of income ceiling is rather incommensurate. since most graduates would be able to hit this salary range with experience.

would love to understand more. thanks

Reply With Quote
  #2 (permalink)  
Old 16-12-2009, 12:42 PM
Showmethemoney
Guest
 
Posts: n/a
Default

Legal profession is very rewarding. There are people with less than 5 years exp making 10K p.m. in the larger law firms. Once you join the banks, the sky is the limit. I know of people with 10 years exp, making 20-25K p.m. However, you have to work very hard whilst you are in legal practice. No pain no gain right???

Reply With Quote
  #3 (permalink)  
Old 03-04-2010, 08:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Showmethemoney View Post
Legal profession is very rewarding. There are people with less than 5 years exp making 10K p.m. in the larger law firms. Once you join the banks, the sky is the limit. I know of people with 10 years exp, making 20-25K p.m. However, you have to work very hard whilst you are in legal practice. No pain no gain right???
As a partner in a major law firm, I can say that the legal profession is very rewarding. But only if you are good (either at law or at rain making) and working in a big law firm or smaller but boutique firm. A 5th yearer can earn 10-12k pm easily. A 2nd to 3rd year junior partner can earn 25-35k. An equity partner (about 10 years PQE) from about 45k to 50k pm. After that, the sky's the limit. Top, top partners can earn anything up to 500k pm upwards.

Reply With Quote
  #4 (permalink)  
Old 05-04-2010, 03:35 PM
Verified Member
 
Join Date: Mar 2010
Posts: 10
Windy is on a distinguished road
Default

Quote:
Originally Posted by alarme View Post
hi, heard that lawyers hit a pay cap of 7 to 8k monthly if you are not made partner. just wondering how true this statement is. is this already inclusive of bonus? is this the average rate? anyone able to elucidate?

it seems that slogging out 4 years in law school plus the stress and long working hours of legal practice, only to hit this sort of income ceiling is rather incommensurate. since most graduates would be able to hit this salary range with experience.

would love to understand more. thanks
Not so when the lawyers I know drives all the big cars out there , certainly not just 8K.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 15 20-06-2013 02:58 PM

» 30 Recent Threads
Advice on designer job offer
4 Replies, 476 Views
Nickel investment
1 Replies, 37 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,225 Replies, 364,012 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
1,962 Replies, 1,201,336 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
1,824 Replies, 623,706 Views
Career as Teacher ( 1 2 3... Last Page)
1,158 Replies, 826,308 Views
Compare civil service salary ( 1 2 3... Last Page)
7,178 Replies, 3,918,804 Views
Breaking the Letter Of Commitment... ( 1 2)
12 Replies, 5,147 Views
Freight Forwarding industry --...
1 Replies, 198 Views
Lawyer Salary ( 1 2 3... Last Page)
3,506 Replies, 1,092,914 Views
Constituency Manager (People... ( 1 2 3... Last Page)
580 Replies, 285,075 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,020 Replies, 461,337 Views
NUS working environment and pay... ( 1 2 3... Last Page)
46 Replies, 29,157 Views
ExxonMobil...
3 Replies, 892 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,324 Replies, 285,994 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,236 Replies, 999,488 Views
Changi Airport Group ( 1 2 3... Last Page)
346 Replies, 227,084 Views
Has anyone heard of KSB Singapore?
0 Replies, 151 Views
Micron fresh grad salary
2 Replies, 1,507 Views
Advice needed (Career change)
5 Replies, 566 Views
Job Application with MOE... ( 1 2 3... Last Page)
161 Replies, 129,041 Views
ST Electronics ( 1 2 3... Last Page)
180 Replies, 71,899 Views
Signed contract, but pending...
0 Replies, 310 Views
how to handle one offer and...
2 Replies, 440 Views
Queries about Cpib application ( 1 2 3... Last Page)
885 Replies, 323,347 Views
Ministry of Transport Queries
2 Replies, 285 Views
Capitaland Graduate Development...
8 Replies, 11,133 Views
Siemens engineering graduate...
2 Replies, 604 Views
Direct Contract vs External...
3 Replies, 322 Views
JP Morgan ( 1 2)
16 Replies, 7,953 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:12 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2