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 Guide to In-House Legal (Fresh Law Grad), Basic information about in-house options

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TSaurora97
post Mar 27 2014, 04:52 PM, updated 8y ago

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1. Introduction

» Click to show Spoiler - click again to hide... «


2. My Background

» Click to show Spoiler - click again to hide... «


3. Practice or Not to Practice

» Click to show Spoiler - click again to hide... «


4. Not to Practice

Since this topic is about in-house in the first place, let’s focus on in-house. You need to consider the following before you apply for a position as an in-house legal;-

(a) years of experience
» Click to show Spoiler - click again to hide... «


Life lessons:
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(b) knowledge of the industry
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Life Lessons:
» Click to show Spoiler - click again to hide... «


© communicating
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Life Lessons:
» Click to show Spoiler - click again to hide... «


(d) drafting skill
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Life Lesson:
» Click to show Spoiler - click again to hide... «


(e) initiative
» Click to show Spoiler - click again to hide... «


Life Lessons:
» Click to show Spoiler - click again to hide... «


5. Salary
In-house executive don’t live a glamorous career like lawyers (as shown on TV, am not too sure about the local scene) but it will provide you with stable platform in terms of having a secure job.

This is a rough estimation of in-house legal are getting;-
» Click to show Spoiler - click again to hide... «


Increment expected –
» Click to show Spoiler - click again to hide... «


The only sole consolation for an in-house lawyer is the bonus, higher than statutory EPF contribution and medical benefit the company has to offer. These are areas one should consider.

From what I understand from practicing lawyers, “generally” they have higher than normal salary but sucky everything else. Then again that’s just rumour.

6. Resume

» Click to show Spoiler - click again to hide... «


7. Pros and Cons

You need to ask yourself whether you are willing to give up practicing as a lawyer or in house. A lot of people will tend to tell you it’s a waste but you have to make your own career choices. Fortunately, in life there are no right or wrong answers, the worse is you can’t make up your mind.

Pros for in house
» Click to show Spoiler - click again to hide... «


Cons for in house
» Click to show Spoiler - click again to hide... «


Mitigating, my 2 cents if you want to mitigate the risk above:-
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8. Conclusion?

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Edited - 15/5/2014 (typo and formatting)


This post has been edited by aurora97: May 15 2014, 02:36 PM
Sicarius
post Apr 20 2014, 07:16 PM

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removed

This post has been edited by Sicarius: May 2 2014, 12:33 PM
Sicarius
post May 2 2014, 12:34 PM

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Joined: Dec 2008


QUOTE(aurora97 @ Mar 27 2014, 04:52 PM)
1. Introduction

» Click to show Spoiler - click again to hide... «


2. My Background

» Click to show Spoiler - click again to hide... «


3. Practice or Not to Practice

» Click to show Spoiler - click again to hide... «


4. Not to Practice

Since this topic is about in-house in the first place, let’s focus on in-house. You need to consider the following before you apply for a position as an in-house legal;-

(a) years of experience
» Click to show Spoiler - click again to hide... «


Life lessons:
» Click to show Spoiler - click again to hide... «


(b) knowledge of the industry
» Click to show Spoiler - click again to hide... «


Life Lessons:
» Click to show Spoiler - click again to hide... «


© communicating
» Click to show Spoiler - click again to hide... «


Life Lessons:
» Click to show Spoiler - click again to hide... «


(d) drafting skill
» Click to show Spoiler - click again to hide... «


Life Lesson:
» Click to show Spoiler - click again to hide... «


(e) initiative 
» Click to show Spoiler - click again to hide... «


Life Lessons:
» Click to show Spoiler - click again to hide... «


5. Salary
In-house executive don’t live a glamorous career like lawyers (as shown on TV, am not too sure about the local scene) but it will provide you with stable platform in terms of having a secure job.

This is a rough estimation of in-house legal are getting;-
» Click to show Spoiler - click again to hide... «


Increment expected –
» Click to show Spoiler - click again to hide... «


The only sole consolation for an in-house lawyer is the bonus, higher than statutory EPF contribution and medical benefit the company has to offer. These are areas one should consider.

From what I understanding from practicing lawyers, “generally” they have higher than normal salary but sucky everything else. Then again that’s just rumour.

6. Resume

» Click to show Spoiler - click again to hide... «


7. Pros and Cons

You need to ask yourself whether you are willing to give up practicing as a lawyer or in house. A lot of people will tend to tell you it’s a waste but you have to make your own career choices. Fortunately, in life there are no right or wrong answers, the worse is you can’t make up your mind.

Pros for in house
» Click to show Spoiler - click again to hide... «


Cons for in house
» Click to show Spoiler - click again to hide... «


Mitigating, my 2 cents if you want to mitigate the risk above:-
» Click to show Spoiler - click again to hide... «


8. Conclusion?

» Click to show Spoiler - click again to hide... «

*
I wonder why this post has gone unnoticed.. really insightful for those who are interested in an in-house position. Thumbs up.

Just wondering though, are there a lot of opportunities for in-house legal executives/ managers to find a job overseas? (ie common law countries like Singapore and Australia)
TSaurora97
post May 15 2014, 02:08 PM

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QUOTE(Sicarius @ May 2 2014, 12:34 PM)
I wonder why this post has gone unnoticed.. really insightful for those who are interested in an in-house position. Thumbs up.

Just wondering though, are there a lot of opportunities for in-house legal executives/ managers to find a job overseas? (ie common law countries like Singapore and Australia)
*
Yup, generally questions trickle in over time because in-house legal’s aren't as popular as being a lawyer.

There's a couple of reasons why:-
(a) stigma, those who work in-house can’t make it into practice or do not have CLP/Bar;
(b) in-house is fore retirement or winding down; and
© pay is less compared to law firms.

To answer your question about opportunities abroad… Generally there is but the entry bar is set much higher (even higher for Australia especially considering the fact that English is their 1st language).

Singapore is “perceived” to be an easier route, I have friends who are working there. The first hurdle will probably be PQE or Post Qualifying Experience. For lawyers these would mean how many actual years (excluding chambering/internships/attachments) you have been in practice. The next of course would be the relevant area of experience and finally your education background.

If you do not have the 3 abovementioned recipe, it’s unlikely your application will succeed (but that’s just my 2 cents).

TSaurora97
post May 20 2014, 03:18 PM

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Lawyers: A user's guide to years of trouble-free performance

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Article:-
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red123
post May 20 2014, 10:12 PM

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can I know:

1) what is a compliance officer

2) How do you improve your drafting skills and what documents do you normally draft. Some 600 pages contract or 6000 pages Articles of Association?

3) Can I do lit or corporate for like 10-15 years then only go in house? Do I still worth if I joined in house 10-15 years later instead of hopping in straight?
TSaurora97
post Jun 20 2014, 06:27 PM

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QUOTE(red123 @ May 20 2014, 10:12 PM)
can I know:

1) what is a compliance officer

2) How do you improve your drafting skills and what documents do you normally draft. Some 600 pages contract or 6000 pages Articles of Association?

3) Can I do lit or corporate for like 10-15 years then only go in house? Do I still worth if I joined in house 10-15 years later instead of hopping in straight?
*
1) what is a compliance officer
- in lay man's term - a policeman in the company, to make sure everyone else follow the rules/guidelines set out by authorities.

2) How do you improve your drafting skills and what documents do you normally draft. Some 600 pages contract or 6000 pages Articles of Association?
- if you realize, even now I am drafting and thinking how to respond to you.
- there are various types of agreements out there, (assuming your employed in a sector) try narrowing down the type of agreement... example service level agreement.
~ look at the structure of the agreement, if you have look at various agreement, you will see a recurring theme. example - duration, termination, obligations etc...
~ understand the need for specialize clauses (meaning you need to understand your own industry/sector). You need to know what your doing.
~ finally boiler plate clauses (this are standard clauses in an agreement). example assignment, entire agreement clause, amendment clause etc...

3) Actually the more viable route would be to practice after that go for in-house. Of course a 10-15 years experienced lawyer would be quite valuable in-house.

If you ask me, having either litigation or conveyancing background is a must. However, having both will give you an edge. Corporate experience on the other hand is optional.

red123
post Jun 21 2014, 10:01 PM

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QUOTE(aurora97 @ Jun 20 2014, 06:27 PM)
1) what is a compliance officer
- in lay man's term - a policeman in the company, to make sure everyone else follow the rules/guidelines set out by authorities.

2) How do you improve your drafting skills and what documents do you normally draft. Some 600 pages contract or 6000 pages Articles of Association?
- if you realize, even now I am drafting and thinking how to respond to you.
- there are various types of agreements out there, (assuming your employed in a sector) try narrowing down the type of agreement... example service level agreement.
~ look at the structure of the agreement, if you have look at various agreement, you will see a recurring theme. example - duration, termination, obligations etc...
~ understand the need for specialize clauses (meaning you need to understand your own industry/sector). You need to know what your doing.
~ finally boiler plate clauses (this are standard clauses in an agreement). example assignment, entire agreement clause, amendment clause etc...

3) Actually the more viable route would be to practice after that go for in-house. Of course a 10-15 years experienced lawyer would be quite valuable in-house.

If you ask me, having either litigation or conveyancing background is a must. However, having both will give you an edge. Corporate experience on the other hand is optional.
*
Thanks for all the effort. Am still studying though but will look into this field next time. Thanks!
Exodius
post Oct 20 2018, 01:07 PM

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Anyone else as a legal executive care to elaborate the current state of their position in today’s market ? Interestd in knowing more
Exodius
post Nov 16 2018, 03:18 AM

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QUOTE(aurora97 @ Jun 20 2014, 06:27 PM)
1) what is a compliance officer
- in lay man's term - a policeman in the company, to make sure everyone else follow the rules/guidelines set out by authorities.

2) How do you improve your drafting skills and what documents do you normally draft. Some 600 pages contract or 6000 pages Articles of Association?
- if you realize, even now I am drafting and thinking how to respond to you.
- there are various types of agreements out there, (assuming your employed in a sector) try narrowing down the type of agreement... example service level agreement.
~ look at the structure of the agreement, if you have look at various agreement, you will see a recurring theme. example - duration, termination, obligations etc...
~ understand the need for specialize clauses (meaning you need to understand your own industry/sector). You need to know what your doing.
~ finally boiler plate clauses (this are standard clauses in an agreement). example assignment, entire agreement clause, amendment clause etc...

3) Actually the more viable route would be to practice after that go for in-house. Of course a 10-15 years experienced lawyer would be quite valuable in-house.

If you ask me, having either litigation or conveyancing background is a must. However, having both will give you an edge. Corporate experience on the other hand is optional.
*
Hi , how many years would you recommend for someone to work in a big law firm before jumping? What’s the general requirement out there of managerial level for in house? smile.gif)

TSaurora97
post Nov 18 2018, 06:52 PM

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QUOTE(Exodius @ Oct 20 2018, 01:07 PM)
Anyone else as a legal executive care to elaborate the current state of their position in today’s market ? Interestd in knowing more
*
you can check out jobstreet or Linkin. In any case, I would put it as ... too many people chasing after a posting with a majority of them not having the appropriate experience (1-3 year in practice, applying for Managerial position) or industry experience (in practice deal mainly with Construction but apply to a company that requires legal officer to have FMCG or Financial background).

QUOTE(Exodius @ Nov 16 2018, 03:18 AM)
Hi , how many years would you recommend for someone to work in a big law firm before jumping? What’s the general requirement out there of managerial level for in house? smile.gif)
*
I have never practised, so I don't know. Really depends whether you have the requisite experience to match employers expectations. You can generalised or specialize. For me, I choose to specialize in a very specific niche market.

If you think you are ready, you can make an attempt to apply for the position. In any case, 5 years experience (excluding chambering) should get you a managerial position.
.:zaxiao:.
post Feb 6 2019, 05:38 PM

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Thanks for taking the time to write about your 8nsight and experience smile.gif

 

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