Fresh graduate with starting salary of $8,500
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Trainee lawyer bags $8,500 monthly pay
Business Times - 18 Apr 2009
Trainee lawyer bags $8,500 monthly pay
Foreign law firm pays record starting salary to NUS grad
By SIOW LI SEN
LAW firms may be trimming costs and easing up on new hires, but a freshly minted young lawyer has just snared a record starting salary. She starts her working life on a pay of $8,500 a month.
Ince & Co, an English firm which has been in Singapore since 1992, has hired its first trainee, a 23-year-old woman who is in the process of completing her pupillage in a leading local law firm. The firm specialises in marine casualty practice and the energy sector.
'She will be completing her training with us over the next 18 months, here in Singapore, not in our London office,' said Richard Lovell, Ince & Co partner. 'I can confirm that current starting salary is $8,500.'
The previous highest salary for a young associate is believed to be $7,500, paid by another foreign law firm, Baker Mckenzie.
Salaries at local firms start from $3,000, with TSMP Law Corp's $5,000 for a junior lawyer said to be the top bracket.
It's not that Ince & Co is defying the laws of gravity. Mr Lovell said that the layoffs of hundred of lawyers by some of the major international law firms in the US and UK relate to specific areas of practice.
'We're not quite the same as those firms . . . a lot of layoffs are specific to property commercial lawyers and corporate banking-related types.'
Mr Lovell said that the new hire who will start work on June 1 is the first National University of Singapore-qualified lawyer the firm has taken on as a 'trainee'.
The firm received some 20-odd inquiries for the 'trainee' vacancy, he said. Mr Lovell said that some were also interested in applying for a training slot in the firm's London office.
'We are still looking for one or even two suitable candidates to take up traineeships in this office next year,' he said.
Ince & Co has 14 fee earners and 12 support staff. Despite the recession, the firm is expanding. In addition to hiring its first local trainee, it is taking on two more lawyers.
'Growth has been very organic,' said Chris Grieveson, Ince & Co partner.
The efforts of the last three years to make Singapore a shipping hub have resulted in many shipping owners basing their operations here, he said.
'Our expansion has been fairly steady over the years, with it being pronounced over the last 18 months because of the increase in the client base and increase in work in non-shipping areas,' he said.
The recession has not left business entirely untouched.
'On the commercial contract side, people are still doing business and being more careful and reviewing contracts,' said Mr Grieveson.__________________________________________________
Lucky bastard!
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giving ppl a lot of hope eh?
how about the 129847 others who bags $1.3k only?
not glamourised in the paper rite? -
The previous reports about Economic graduates earning 4 to 5K is based on last year data. That is, data before the crisis started.
The least the Newspaper can do is to state this fact clearly but they didn't. -
Starting pay is not the same for everyone. There is only the average.
But for 8.5k, i wonder how hard her job is going to be...
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The firm specialises in marine casualty practice and the energy sector.I don't think it is solely based her effort to work hard.
She must have acquired legal skills in marine and energy sectors during her undergrad, coupled the govt's restriction on trained lawyers..... -
Retarded Moron, what is your law specialty?
I think you can consider some maritime-related specialization, it will be a good future for you.
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if its a girl. i know why
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We're talking about a trainee lawyer here, one who hasn't even passed the Bar exam and is still undergoing pupillage/apprenticeship.
God knows what her salary will be when she become a certified advocate and solicitor!
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Originally posted by youyayu:
if its a girl. i know why
why?
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Retarded Moron, what is ur specialty?
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Originally posted by Meat Pao:
Retarded Moron, what is ur specialty?
I'm still in first year; I don't have a field of specialisation yet.Corporate law appeals to me now (i.e. corporate crime, corporate insolvency, mergers & acquisitions, etc.) but it's still too early to tell. Law students start specialising in their third year.
Of course, I haven't completely discounted my goals of setting up Singapore's first budget law firm or, alternatively, Twist & Turn LLP. ("Exploiting the Loopholes of the Law... Legally").
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Dont do corporate law....too many, a dime a dozen....Uncle recommend a maritime-related specialization for you. It is suitable for Singapore. If you are good, you can emigrate and go to Netherlands in the future.
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I can name u a handful people in my cohord bagging 8k starting pay also.
But as stated, they are really the outliers. I suppose the ratio of 8Ks to 2-3Ks is close to 1:200.
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Originally posted by skythewood:
why?
use sex.
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Originally posted by RETARDED_MORON:
We're talking about a trainee lawyer here, one who hasn't even passed the Bar exam and is still undergoing pupillage/apprenticeship.
God knows what her salary will be when she become a certified advocate and solicitor!
kena fark in the ass.. of cos can get high salary
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Originally posted by youyayu:
use sex.
oh, because she is a girl, and successful, she must have used sex.
I like that assumption.
So if i see a guy with a rich dad being successful, it must be because of the rich dad, not because the guy is good.
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some wood retard still think i am youyayu
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Originally posted by youyayu:
some wood retard still think i am youyayu
haha, you made an assumption, i made one too.
now you call me a retard? why?
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ok wat.
it's xpected mah.
u muz look into the details.
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So what's the average starting salary of fresh grads now?
Ignore these 4K, 8K fat tails.
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Originally posted by charlize:
So what's the average starting salary of fresh grads now?
Ignore these 4K, 8K fat tails.
Got job first den say. -
Originally posted by charlize:
So what's the average starting salary of fresh grads now?
Ignore these 4K, 8K fat tails.
government job, depending on your degree, bout 3k.
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Originally posted by motoway:
Got job first den say.So bad meh?
I thought newspapers say at most take 6 months before landing a job.
Any fresh grads can confirm?
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But quite sad situation in singapore, I think.
Fresh grads are fighting with retrenched middle managers and even top level executives/managers.
Add on PRs, foreigners, low wage workers, it seems like almost every level is fiercely competed against.
Furthermore, majority of jobs being created are mainly lower level service based jobs (ie. IR), it seems like the economy is slowly regressing.
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Char u grad-ing soon ar?
I got alot frens land govt jobs la. Pay range 2.7k liddis, provided 2nd upper class above.
Private sector more imbalanced la, but they hiring very little now.
Big 4 accountants standard 2.4k lo.