Many have said that lawyers in Malaysia dont earn much?
How true is that? Anyone?
How much can a lawyer earn?
How much can a lawyer earn?
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Oct 24 2016, 11:55 PM, updated 10y ago
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#1
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Newbie
4 posts Joined: Oct 2016 |
Many have said that lawyers in Malaysia dont earn much?
How true is that? Anyone? |
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Oct 25 2016, 02:10 AM
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#2
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Junior Member
137 posts Joined: Nov 2014 |
Watch law dis-order
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Oct 25 2016, 11:59 AM
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#3
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Junior Member
22 posts Joined: Oct 2016 |
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 |
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Oct 25 2016, 01:36 PM
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#4
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Junior Member
16 posts Joined: Sep 2016 |
my friend told me (small firm company)
- 60 % profit from preparing document e.g sales agreement / properties /lease etc - 10 % consultation - rest- trial |
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Oct 25 2016, 03:07 PM
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#5
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Newbie
4 posts Joined: Oct 2016 |
QUOTE(xdeathz @ Oct 25 2016, 12:59 PM) There are few things that you have to take into consideration Can fresh graduates get into big law firm company?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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Oct 25 2016, 03:22 PM
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#6
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Junior Member
22 posts Joined: Oct 2016 |
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Oct 25 2016, 03:25 PM
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#7
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Senior Member
9,336 posts Joined: May 2009 |
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Oct 25 2016, 03:32 PM
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#8
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Junior Member
22 posts Joined: Oct 2016 |
QUOTE(MeToo @ Oct 25 2016, 03:25 PM) as long as cable why not? 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. 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.. One can already goyang kaki in their 30s if they have some fixed client and ofcoz steady flow of developer's project |
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Oct 26 2016, 12:25 AM
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#9
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Junior Member
200 posts Joined: Jan 2007 |
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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Oct 26 2016, 10:42 AM
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Junior Member
22 posts Joined: Oct 2016 |
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? 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 |
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Oct 26 2016, 08:36 PM
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Junior Member
200 posts Joined: Jan 2007 |
1.6k for 9 months before 4K starting pay with really good increments? Sign me up! ROI for law is through the roof
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Oct 27 2016, 06:04 PM
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Senior Member
1,035 posts Joined: Apr 2007 From: KL Malaysia la |
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 |
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Oct 27 2016, 09:47 PM
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Junior Member
381 posts Joined: Aug 2014 |
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%. |
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Oct 27 2016, 10:29 PM
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#14
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Junior Member
59 posts Joined: Apr 2010 |
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. |
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Oct 27 2016, 11:43 PM
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All Stars
48,521 posts Joined: Sep 2014 From: REality |
it's all depends on your "connections" & how low u could go..
those lawyers under politician or business people do get paid handsomely |
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Oct 28 2016, 02:33 AM
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#16
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Junior Member
19 posts Joined: Oct 2016 |
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 |
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Oct 28 2016, 10:08 AM
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Junior Member
22 posts Joined: Oct 2016 |
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