| Yesterday 11:43 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Actually do they pay well over long term? Am hoping to spend more time with family and wife
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To add.. it’s my personal view that because some of these firms may not be able to retain “talent” (loosely defined) that well, the route for average folks to “partner” track or to “head” a practice is much easier. Just have a browse at the representative cases of young equity partners in some of these firms and make your own judgment.
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| Yesterday 11:36 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Actually do they pay well over long term? Am hoping to spend more time with family and wife
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It really depends (obviously) how you define “pay well”. Over long term, and as the age factor creeps in, stability of a lower pay check may prevail over a higher pay role that will be at risk once you can’t bill enough or there is a cheaper competitor that performs as well.
As barriers to entry to set up one’s own firm is arguably low, question is whether you can generate your own pool of clients or require your firm to feed you. Some firms generate new clients through advertising budget, some have their own niche pool within the community.
If you’re going into small firm, best if you are a generalist so you can then join a full services firm and take on whatever case comes your way. I won’t advise certain sectors where the pie is already shrinking and doesn’t pay that well in the first place, or where it is not easy to detach from your client after the end of a long day. Haha. Leave you to find your own sweet spot!
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| Yesterday 11:12 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
People from "chinatown firms" make some of the biggest differences in people's lives. Do not look down on them.
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Actually do they pay well over long term? Am hoping to spend more time with family and wife
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| Yesterday 11:10 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Soft flex from chinatown firm owner, don't need to record time, the unlucky fella who walked through the door will pay. It's not like they'll lawsoc you for overcharging or anything, right?
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Just scrolling through and saw this exchange, whoever you are, you seem to have taken this very personally lol
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| Yesterday 10:10 PM |
| Unregistered |
People from "chinatown firms" make some of the biggest differences in people's lives. Do not look down on them.
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| Yesterday 07:33 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
How do you record your time at your offshore firm for making a post like this? Under "Business Development" or "Admin" as an unbillable?
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Not the OP. This would be unbillable as it is decompression from the intensity of legal work 
What’s with the upturned nose at Chinatown firms though. Is the term synonymous with all small firms, as not all are located at Chinatown. One can’t deny that “Chinatown firms” have a role to play in keeping legal costs affordable for individuals whose legal cases don’t involve very specialised knowledge, where big firms are conflicted etc.
And with the rise and ebb of a legal career’s trajectory, if one looks at the composition of some “Chinatown firms”, one may also find alumni from bigger firms who opt for the quieter life that doesn’t require too much BD. Don’t look down on the “Chinatown firm” as it may present a career option one day!
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| Yesterday 06:37 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
How do you record your time at your offshore firm for making a post like this? Under "Business Development" or "Admin" as an unbillable?
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Soft flex from chinatown firm owner, don't need to record time, the unlucky fella who walked through the door will pay. It's not like they'll lawsoc you for overcharging or anything, right?
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| Yesterday 05:01 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
Says the chinatown firm owner who will depress your wages because he knows you have no better options with a SUSS degree.
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How do you record your time at your offshore firm for making a post like this? Under "Business Development" or "Admin" as an unbillable?
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| Yesterday 02:47 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
I don't give a **** where you're from. Work to get this **** to the client on time, do it well (so the client is willing to pay, and so we get return work), and you'll be paid in accordance with the firm's salary + bonus.
If anything, the difference in pay within a firm is based on how much work you do (as a non-partner) and which team you're in. No one cares which uni you go to.
You could be a JLC or Oxford genius but if you can't manage your files or the client, I'll the take the SUSS grad who can (and probably has done many times before as a paralegal/legal exec).
/Thread.
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Says the chinatown firm owner who will depress your wages because he knows you have no better options with a SUSS degree.
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| Yesterday 01:51 PM |
| Unregistered |
Quote:
Originally Posted by Unregistered
But keep in mind there are stereotypes that you'll have to overcome when you come from a "lesser" law school like SUSS. Look, we all want to hear nice, comforting things, but try to keep it real when you're making big decisions.
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I don't give a **** where you're from. Work to get this **** to the client on time, do it well (so the client is willing to pay, and so we get return work), and you'll be paid in accordance with the firm's salary + bonus.
If anything, the difference in pay within a firm is based on how much work you do (as a non-partner) and which team you're in. No one cares which uni you go to.
You could be a JLC or Oxford genius but if you can't manage your files or the client, I'll the take the SUSS grad who can (and probably has done many times before as a paralegal/legal exec).
/Thread.
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