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Yesterday 05:18 PM
Unregistered any boutique dispute reso firms to recommend? Am currently looking for an internship which allows me to learn as much as possible and not purely for the portfolio. Thanks!
Yesterday 04:41 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Too much over-simplification here from people going on about how legal work is "not a necessity" and easily cut when companies are not doing well.

Being a lawyer means you're providing advisory services. And in many cases, legal advice is absolutely necessary if you're planning to go ahead with virtually any major commercial transaction (see M&A, financing, restructuring) or litigation. As such, we are a protected industry that is relatively stable in a recession compared to many other professions (I am not saying everything is fine, note the "relatively"). Now, clearly the economy has slowed meaning many underlying transactions have stalled or cut entirely, and obviously you don't need legal advice if there is no deal or you don't have the money to hire a lawyer to sue, and SG doesn't allow hiring on contingency. That's the fallout in certain firms in certain departments you are observing. But this doesn't mean that legal services aren't still absolutely essential in many ways.

Certain departments in many firms are still doing well - thriving, in fact, because of the economic downturn. It's also a matter of economics. M&A has slowed locally, but you can see it's actually sped up in many parts of the US and Europe. This has to do with structural differences in the companies.

Anyone who just parrots the "the economy is doing bad so lawyers aren't needed" trope clearly lacks the intellectual nuance to be a good lawyer, but then again what was I expecting from an internet forum.
Largely agree with this. I'm still expecting to see "retrenchment" and trainees not being able to secure assoc places (the fallout departments).
Yesterday 04:05 PM
Unregistered I'm the poster of #4974 and was looking at the practice groups of Restructuring & Insolvency and Financial Services Regulatory, and was wondering if these groups would be considered disputes or advisory focused + the questions I stated in my earlier post.

Any thoughts on these would be super helpful!
Yesterday 03:21 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hey guys, I saw in one of the earlier posts (way earlier - too much free time) that Shook Lin & Bok is a non-dispute focused firm. Is that true?

Additionally, any thoughts on the firm in relation to prestige, likelihood of lateralling to international firms and firm culture (e.g. hours and partners' reasonableness)?

Thank you in advance!
Which dept in question are you considering?

Disputes lateralling to international rarely happens outside of international arbi, which I dont think SLB is known for.
Yesterday 03:00 PM
Unregistered Hey guys, I saw in one of the earlier posts (way earlier - too much free time) that Shook Lin & Bok is a non-dispute focused firm. Is that true?

Additionally, any thoughts on the firm in relation to prestige, likelihood of lateralling to international firms and firm culture (e.g. hours and partners' reasonableness)?

Thank you in advance!
Yesterday 02:39 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Yes but I shall not mention the firms.
If youíre in law, itíll be pretty obvious. Just ask around.
I assume you're replying in relation to the not retained part?

Thanks. Also the whole point of asking here is so that I can find out this stuff anonymously, it's kind of a tricky question to ask your friends...
Yesterday 02:22 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Any current trainees been told that they will or will not be retained?
Yes but I shall not mention the firms.
If youíre in law, itíll be pretty obvious. Just ask around.
Yesterday 01:46 PM
Unregistered Any current trainees been told that they will or will not be retained?
Yesterday 12:37 PM
Unregistered What is the minimum requirement for academia these days?
Is it a PhD?

The newer faculty all seems to start off their academic careers with a PhD minimum. Like Dean of NUS.
Yesterday 12:36 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I fully agree with your first sentence, and nothing in what you said has anything to do with the points I make in my post. I argued that lawyers are essential, and I said nothing about the connection between that and their fees.

Do you just type with your brain disconnected?

Thanks for proving: (1) My point, and (2) see above about a lack of a nuance.
you're adding very little to the discussion on the near-term prospects of the SG legal market.

i survived the GFC in one of the big4 firms.
what happened then was many mandates were made subject to increasingly lower fee caps, international firms included.
thank god recovery came quick.
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