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Originally Posted by Unregistered

True that nowadays (on linkedin) more DPPs jumping out to MC / Silver Circle firms? Successfully

Originally Posted by Unregistered

U
U’re right. Above poster about BM is talking nonsense. Who would go there over Latham / White & Case / Sidley

Originally Posted by Unregistered

LOL at the last part - name some? I know there is recruiting ongoing but it's pretty much ex-B4 and mostly in the litigation teams. The top quality corp lawyer aren't touching that with a ten-foot pole.

Originally Posted by Unregistered

I can confirm this is correct. BM is remodelling itself to become more along the likes of a Mid-atlantic / silver circle firm, and the new pay structure reflects this. It has also been recruiting real quality of late, including a number of FCH and ex-magic circle lawyers.

Originally Posted by Unregistered

Yes, BM NQ is 9.5k (from call, not from January like the B4)

2019 call is around 15.5-16k. B4 is around 10.5-11k.

Originally Posted by Unregistered

If you know what you want to practise in, I suppose it could make sense to do that in a B4 straight away for more focused experience. But I always think that if you know that you want to end up in an MC firm, you might as well start at an MC firm. The MC brand name >>> B4 and you can start gaining valuable experience for your CV from day 1. Also, you won't have to compete with your other B4 peers when you are looking to lateral into an MC a few years down the line. I just think the benefit of doing your TC at B4 doesn't outweigh the benefits of starting at MC (but that's my personal opinion).

As for the QLTS (now SQE) for E&W qualification, yes, you can 'easily' get that while working in B4. But I think MC / US firms in SG don't really care about E&W qualifications. US firms may care a bit about NY qualifications (and definitely if you intend to do US capital markets work). Just look at the profiles of SG lawyers in MC/US firms in SG - that will give you an idea of how many have E&W / US qualifications.

Originally Posted by Unregistered

wait so when you get called in Aug in a B4, how much do you get? since you only get the 7.5k the following january

Originally Posted by Unregistered

I agree with you fully on pretty much every point. But if I already know what I would like to practise in, say B&F, or M&A, or DCM, would it be more worthwhile to get 2 years of PQE in the B4 then?

While in the B4, I get called in SG first, then clear the QLTS on the side to get E&W qualified?

Originally Posted by Unregistered

Hours aren't better in corp as well. The things that makes corp better compared to liti, is that you have much lesser timelines to comply with (but you still have to comply with your clients' deadlines) and there is no pressure to "win".

Many interns and trainees think going to Court and fighting out in a trial is glamorous but in reality, the amount of preparatory work it takes behind the scenes is insane and good luck if you want to collect fees from client if the judge rules against your client and order costs. This alone is enough to make many switch to corp from liti.