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Today 03:41 AM
Unregistered Hi! I'm currently preparing for the Part B exams, and applying for TCs at the same time.

I've spammed applications and I would say that its near impossible for me to get something decent at this juncture (for January 2019).

I'm wondering if anyone has gone the route of working as a paralegal first in a mid-size/ big four firm, before applying for TCs in the next cycle?

I'm from a 2nd tier UK uni and I think this might be the only way for me to get a decent TC in this market. Thoughts?
Yesterday 11:52 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Letís talk about big four. UK NQ is a third yearer associate by SG standards. A third yearer in a big four will take home $8k/month.
Called in Aug 20xx : $6k
Jan 20xx+1: $7k
Jan 20xx+2: $8k

Average performer gets 2-3 months bonus.

So effectively $8k x 14= $112k
Which is the equivalent of 62k pounds
Which is equivalent to what the silver circle is paying
And considering SG has low tax rate as compared to London 40% tax.
Make a lot of difference.
Sorry for double post. The pay structure is also no longer 6k - 7k - 8k... it hasn't been for a few years. In fact, only 1 of the big 4 currently offers starting salary of 6k. You must be fairly senior in the industry/no longer with the Big 4
Yesterday 11:50 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Letís talk about big four. UK NQ is a third yearer associate by SG standards. A third yearer in a big four will take home $8k/month.
Called in Aug 20xx : $6k
Jan 20xx+1: $7k
Jan 20xx+2: $8k

Average performer gets 2-3 months bonus.

So effectively $8k x 14= $112k
Which is the equivalent of 62k pounds
Which is equivalent to what the silver circle is paying
And considering SG has low tax rate as compared to London 40% tax.
Make a lot of difference.
3rd yearer won't take home 8k after CPF.
Yesterday 11:30 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Lame. This is nowhere remotely applicable to Singapore. Btw you don't even need an LLB to qualify as a solicitor or barrister in the UK. So much easier to get a first in some other Mickey Mouse degree then convert to law so long as you come from oxbridge or the top Russell group unis

Lets talk about how pathetic local law firm salaries are
Letís talk about big four. UK NQ is a third yearer associate by SG standards. A third yearer in a big four will take home $8k/month.
Called in Aug 20xx : $6k
Jan 20xx+1: $7k
Jan 20xx+2: $8k

Average performer gets 2-3 months bonus.

So effectively $8k x 14= $112k
Which is the equivalent of 62k pounds
Which is equivalent to what the silver circle is paying
And considering SG has low tax rate as compared to London 40% tax.
Make a lot of difference.
Yesterday 11:19 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Lets talk about how pathetic local law firm salaries are
lol. it's a bit depressing to think or talk about it. but sure...

local law firms AND their salaries are a joke. doomed to fail in the long run. they constantly lose big business PLUS real talents to int'l firms. and some decent ones move to in-house also because the partners are too greedy to actually hire more assocs to stave off attrition. many old useless equity partners who got to where they are by pure demographic luck, plenty of liti partners can't string together an eloquent sentence together to save their lives. but all still unwilling to dilute equity share, unwilling to pay top dollar for quality law grads. they'll get what's coming to them in this dying local industry. can't wait hehehe
Yesterday 10:51 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Let's get back to the topic of this forum.

"Law graduates can expect to earn £54,000 when they walk into their first job and most will see their pay rise by a staggering £25,000 every five years.
This starting salary is double the national average wage of around £27,000.
A study of 400 UK lawyers found that on average the job pays £54,000 for the first five years, rising to £76,000 for those with five to 10 years of experience. Lawyers who have been practising for between 10 and 15 years can expect to earn £100,000, while those with more than 15 years can command £181,000 a year."

"The research, by salary benchmarking website Emolument, shows that a degree from a top law school can push salaries up by as much as 25pc.
Graduates who read law at Cambridge can command the highest salaries after five to 10 years in the field with an average pay packet worth £99,000.
London School of Economics graduates can expect to earn £94,000 in the same period, Edinburgh University alumni can expect £93,000 and Oxford University graduates can expect £92,000."

s://.telegraph.co.uk/finance/personalfinance/11554820/How-much-are-lawyers-really-paid.html
Lame. This is nowhere remotely applicable to Singapore. Btw you don't even need an LLB to qualify as a solicitor or barrister in the UK. So much easier to get a first in some other Mickey Mouse degree then convert to law so long as you come from oxbridge or the top Russell group unis

Lets talk about how pathetic local law firm salaries are
Yesterday 10:31 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Is your offer from a US firm? AED-USD conversion suggests that you are being offered the class of 2018/2019 or "US NQ" rate (usd190k). Are you only qualified in SG? If so, it's a pretty decent package, considering that it's tax free. The NQs in New York would be paying 30-40% of their salary as taxes etc. You will be able to rent a nice condo in a nice area in Dubai with the living allowance. The only thing you may want to consider would be the number of vacation days you are allowed - as it's common for people to grow homesick very quickly.
Thanks. Yes SG qualified only. 25 days annual leave.
Yesterday 05:34 PM
Unregistered Let's get back to the topic of this forum.

"Law graduates can expect to earn £54,000 when they walk into their first job and most will see their pay rise by a staggering £25,000 every five years.
This starting salary is double the national average wage of around £27,000.
A study of 400 UK lawyers found that on average the job pays £54,000 for the first five years, rising to £76,000 for those with five to 10 years of experience. Lawyers who have been practising for between 10 and 15 years can expect to earn £100,000, while those with more than 15 years can command £181,000 a year."

"The research, by salary benchmarking website Emolument, shows that a degree from a top law school can push salaries up by as much as 25pc.
Graduates who read law at Cambridge can command the highest salaries after five to 10 years in the field with an average pay packet worth £99,000.
London School of Economics graduates can expect to earn £94,000 in the same period, Edinburgh University alumni can expect £93,000 and Oxford University graduates can expect £92,000."

s://.telegraph.co.uk/finance/personalfinance/11554820/How-much-are-lawyers-really-paid.html
Yesterday 11:31 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Looking for serious and genuine advice. I am a SG qualified lawyer with 2PQE. I am looking to go to Dubai to work as a lawyer. Pay package is AED700K a year excl bonus. Tax free on the total amount. Plus AED62K living allowance. 4x Business class flights to Dubai. Should I consider this viable?
If you want to troll at least do it realistically. How is this even a plausible conundrum for you if factual? I call your bluff.

Quote:
Originally Posted by Unregistered View Post
In truth you're a first from kings, ferrying cecas around in a grab.
Also what's with all the KCL grads suddenly defending their overpriced toilet paper.
Yesterday 11:30 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Looking for serious and genuine advice. I am a SG qualified lawyer with 2PQE. I am looking to go to Dubai to work as a lawyer. Pay package is AED700K a year excl bonus. Tax free on the total amount. Plus AED62K living allowance. 4x Business class flights to Dubai. Should I consider this viable?
Is your offer from a US firm? AED-USD conversion suggests that you are being offered the class of 2018/2019 or "US NQ" rate (usd190k). Are you only qualified in SG? If so, it's a pretty decent package, considering that it's tax free. The NQs in New York would be paying 30-40% of their salary as taxes etc. You will be able to rent a nice condo in a nice area in Dubai with the living allowance. The only thing you may want to consider would be the number of vacation days you are allowed - as it's common for people to grow homesick very quickly.
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