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Today 09:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
hallo junior associate called in 2020 here looking for some advice from the seniors on the forum

in your experience, which is a better move from a development and career progression standpoint:

(1) moving to one of the more 'up-and-coming' practices such as funds, fintech etc. in a B4 local firm

(2) moving to a more 'traditional' practice such as banking in an international firm.

(2) offers a much better pay package of course, but I have heard that lawyers who have trained in B4 are viewed better by the market due to the more rigorous training (and workload).

Grateful for your thoughts!
Pick something that you at least like doing. If you hate regimentation, banking will kill you. If you hate everything, then go for the money.

What international firm are you taking about? Latham? CC? Ashurst? DRD? No one is gonna **** on your training if you go to the first couple and their peers.
Today 05:52 PM
Unregistered
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Originally Posted by Unregistered View Post
Hows the market perception of associates now as between the B4 firms? asking from the perspective of a junior lawyer focusing on career progression
A&G
The others
Today 05:44 PM
Unregistered hallo junior associate called in 2020 here looking for some advice from the seniors on the forum

in your experience, which is a better move from a development and career progression standpoint:

(1) moving to one of the more 'up-and-coming' practices such as funds, fintech etc. in a B4 local firm

(2) moving to a more 'traditional' practice such as banking in an international firm.

(2) offers a much better pay package of course, but I have heard that lawyers who have trained in B4 are viewed better by the market due to the more rigorous training (and workload).

Grateful for your thoughts!
Today 05:36 PM
Unregistered
B4

Hows the market perception of associates now as between the B4 firms? asking from the perspective of a junior lawyer focusing on career progression
Today 03:14 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Out of curiosity, if youíre a local Uni student who has not interacted with HK/British/American lawyers as much unless you studied a year abroad for exchange, do you feel like you could confidently impress these partners in a lateral interview? In elite US firms like Latham, Milbank, Skadden, Kirkland, Sidley etc, you have to meet at the very minimum 4 partners and most likely the managing partner/chair of the London office, and cultural fit with the team is quite important to these partners.
Why not. Donít give in to your Pinkerton syndrome lah. Law students here are how ang moh pai. Unless youíre some chao ah beng or xenophobic dick, just be authentic and speak your mind to let them know you more.

Someone earlier already posted about Latham hiring more Singapore lawyers.
Today 02:07 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Out of curiosity, if youíre a local Uni student who has not interacted with HK/British/American lawyers as much unless you studied a year abroad for exchange, do you feel like you could confidently impress these partners in a lateral interview? In elite US firms like Latham, Milbank, Skadden, Kirkland, Sidley etc, you have to meet at the very minimum 4 partners and most likely the managing partner/chair of the London office, and cultural fit with the team is quite important to these partners.
It really depends on the type of person you are and whether you can absorb knowledge from the work you do.

Do the B4 do top notch corporate work? Yes. No one can dispute this. From my experience working with them, the B4 partners are on top of things and know their job very well.

But this subject mater expertise rarely trickles down to the junior associates. You see a lot of them able to do their work very efficiently when the deal follows a conventional pathway, but the moment things get a little haywire or some loose bolt flies at them they get very panicked, cant bring out good ideas and have to check everything with their partners.

The ones that have solid legal knowledge, good client management and can handle things on the fly - we usually comment internally that they wont be there long, and we are usually right. Those are the ones that make the jump to a US/UK firm 1 or 2 PQE in, and those are the ones that do well in the interview. But they are 1 out of 10 associates in the B4.
Today 12:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
ft.com/content/071c6656-8b3f-4475-9b3d-db0e4918baaf
Golden handcuffs: dealmaking lawyers weigh up their own Faustian bargains

Anyone else feel emo reading this kind of articles? FT, Bloomberg, legal cheek and all that have recently been writing incessantly about mad salary wars for US and UK law firms, and it's like this whole thing is just passing us by in Singapore.

Like bro, even if I wanted to sell my soul for money, the only Faustian bargain to be struck in Singapore is selling your soul for 2am days, 6 days a week for S$5.5k per mobth at a big4 . Lmao

Working in a local law firm is really a scam job
Join politics, so you can make a difference (to your pay).
Today 12:44 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
The primary reason why legal pay in SG has been stagnating in a stunted rate/increasing negligibly is because of the restrictions of foreign firms that can fully develop in the market. Thatís why they have FLAs set up. Look at other common law jurisdictions (HK/AUS/UK), they have a liberalisation of foreign firms and hence local firms have to follow a certain pay grade as the salary market moves as a whole. There is nothing to entice SG local firms, which mainly dominate the SG legal market, to increase pay.
Which is why there should be full liberalisation here. More than half of the unprofitable local firms will collapse or merge in an instant, and salaries will be pushed up across the board.

Law is one of the few sectors that would benefit from more liberalisation, not less. Due to the high barriers to entry in terms of language and cultural fit, there's little threat of low wage ceca or other cheap third world lawyers coming in to replace locals. Conversely, the entry of angmoh firms will create more jobs for locals
Today 12:01 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Why should they even hire UK grads? They should not even consider any overseas or SMU grad, and solely take in NUS grads. Best is if they have a streamline recruitment process for 4 year NUS grads.
Out of curiosity, if youíre a local Uni student who has not interacted with HK/British/American lawyers as much unless you studied a year abroad for exchange, do you feel like you could confidently impress these partners in a lateral interview? In elite US firms like Latham, Milbank, Skadden, Kirkland, Sidley etc, you have to meet at the very minimum 4 partners and most likely the managing partner/chair of the London office, and cultural fit with the team is quite important to these partners.
Today 11:57 AM
Unregistered The primary reason why legal pay in SG has been stagnating in a stunted rate/increasing negligibly is because of the restrictions of foreign firms that can fully develop in the market. Thatís why they have FLAs set up. Look at other common law jurisdictions (HK/AUS/UK), they have a liberalisation of foreign firms and hence local firms have to follow a certain pay grade as the salary market moves as a whole. There is nothing to entice SG local firms, which mainly dominate the SG legal market, to increase pay.
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