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 How much can a lawyer earn?

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TSKHong99
post Oct 24 2016, 11:55 PM, updated 10y ago

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Many have said that lawyers in Malaysia dont earn much?
How true is that? Anyone?
K24
post Oct 25 2016, 02:10 AM

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Watch law dis-order
xdeathz
post Oct 25 2016, 11:59 AM

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There are few things that you have to take into consideration

1) big firm or small firm? Usually newly admitted lawyer get roughly around 3k-3.5k for small or medium size firm and 5k for big firm like zico etc(usually with increment +- 500 each year) (subject to the location tho, salary quoted above is for kl/selangor)

2) being employed or running your own firm? i can only say a lawyer will never get rich if you're working for others unless you're a partner in equity which entitle you for profit sharing.

This post has been edited by xdeathz: Oct 25 2016, 12:02 PM
Landover
post Oct 25 2016, 01:36 PM

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my friend told me (small firm company)

- 60 % profit from preparing document e.g sales agreement / properties /lease etc
- 10 % consultation
- rest- trial

TSKHong99
post Oct 25 2016, 03:07 PM

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QUOTE(xdeathz @ Oct 25 2016, 12:59 PM)
There are few things that you have to take into consideration

1) big firm or small firm? Usually newly admitted lawyer get roughly around 3k-3.5k for small or medium size firm and 5k for big firm like zico etc(usually with increment +- 500 each year) (subject to the location tho, salary quoted above is for kl/selangor)

2) being employed or running your own firm? i can only say a lawyer will never get rich if you're working for others unless you're a partner in equity which entitle you for profit sharing.
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Can fresh graduates get into big law firm company?
xdeathz
post Oct 25 2016, 03:22 PM

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QUOTE(KHong99 @ Oct 25 2016, 03:07 PM)
Can fresh graduates get into big law firm company?
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Yes, ofcoz. Study hard and get 2nd class upper / 1st class wink.gif
MeToo
post Oct 25 2016, 03:25 PM

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QUOTE(KHong99 @ Oct 25 2016, 03:07 PM)
Can fresh graduates get into big law firm company?
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as long as cable why not?

ANyway lawyer.... the earning potential is very varied. SOme lame lawyer work until 50 years old still drive vios.... while some driving around porsche in their 40s..
xdeathz
post Oct 25 2016, 03:32 PM

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QUOTE(MeToo @ Oct 25 2016, 03:25 PM)
as long as cable why not?

ANyway lawyer.... the earning potential is very varied. SOme lame lawyer work until 50 years old still drive vios.... while some driving around porsche in their 40s..
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Rich lawyer v poor lawyer. Legal field is more on how well one can socialize and deal with their client and build a network there.

One can already goyang kaki in their 30s if they have some fixed client and ofcoz steady flow of developer's project smile.gif
Dogta
post Oct 26 2016, 12:25 AM

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I would say lawyers are generally really well paid, especially if you're a fresh grad. 3.5k to 5k straight outta college, how many other jobs are willing to pay you that kind of money?
xdeathz
post Oct 26 2016, 10:42 AM

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QUOTE(Dogta @ Oct 26 2016, 12:25 AM)
I would say lawyers are generally really well paid, especially if you're a fresh grad. 3.5k to 5k straight outta college, how many other jobs are willing to pay you that kind of money?
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Dont forget that freshly baked law student have to go through chambering for 9 months before admitted into the bar as lawyer...the pay is quite low .. 1.6-1.8k on average depends on the firm and location tho
Dogta
post Oct 26 2016, 08:36 PM

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1.6k for 9 months before 4K starting pay with really good increments? Sign me up! ROI for law is through the roof
SihamZhai
post Oct 27 2016, 06:04 PM

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You have to justify the pay with the long working hours as well.

This post has been edited by SihamZhai: Oct 27 2016, 06:04 PM
SUSthe99percent1
post Oct 27 2016, 09:47 PM

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Depends how dirty and corrupt you want to get.

Being a lawyer is an old old profession and money is skewed to the top 10%.


realn00b
post Oct 27 2016, 10:29 PM

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The pay for lawyers (after 9 months of pupillage) in KL may be around 3.5k for average firms, but outside of KL the pay may only be 2k..

Connection with rich clients is so so crucial if you want to get rich in this profession. Otherwise, you are just like any other office worker. Better to be in another field if money is your goal.
nexona88
post Oct 27 2016, 11:43 PM

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it's all depends on your "connections" & how low u could go..

those lawyers under politician or business people do get paid handsomely devil.gif
MarcusTheOnion
post Oct 28 2016, 02:33 AM

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Work overseas like in the UK or US and you can make 550k starting salaries! (after converting of course)

This post has been edited by MarcusTheOnion: Oct 28 2016, 02:33 AM
xdeathz
post Oct 28 2016, 10:08 AM

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QUOTE(SihamZhai @ Oct 27 2016, 06:04 PM)
You have to justify the pay with the long working hours as well.
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Second that. You havent see lawyer stay back until 1-2am without ot pay. doh.gif

 

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