I started my legal career only at 24 years old after having successfully completed all my studies. The legal career remuneration varies between firms, and certainly some pays more, whereas some lesser.
|Age 23: RM3700 - Snr. Exec (Marketing & Sales)
|Age 24: RM2000 - Pupil
|Age 25: RM4200 - 1st Year practice
|Age 26: RM4600 - 2nd Year practice
|Age 27: RM5416 - 3rd Year practice
|Age 28: RM6041 - 4th Year practice
|Age 29: RM7142 - 5th Year practice (see details below on 5th Year)
Job Title : Senior Associate
Job Desciption : Corporate Lawyer
Age : 29
Years spent in company : 2.5 years
Company : Law firm
Industry : Legal services
Tenure : Permanent
Employment Level : Mid-level
Experience before joining (years) : 2 years
Highest paper qualification/ education background : Law Bachelor, Law Master, Practice Certificate, Business Master
Location : KL
Average Working Hours Per Week (incl lunch hours): 50 hours and during peak up to 60 hours.
Monetary Payout
Basic Salary + Fixed Allowance : Basic RM6500 + Upfront bonus of RM542 = RM7,142
Contractual Bonus (months): Nil.
Performance, Variable Bonus & Commissions (months) : 3-4 months (exclude upfront bonuses)
Benefits (where relevant) : Dental & Optical (RM500/year), Work Laptop and Monitor
Health Benefits : Group medical coverage
Transport Benefits : Parking provided.
Mobile / Internet / Gadget Benefits : RM200 monthly mobile allowance (on claim-basis)
Flexi Working Hours : -
Other Benefits : Remote Work - I have worked from home for 2 years (due to Covid and permissible to do so)
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[Departing from law practice. The path to a firm's partnership is not meant for everyone. The crux is that even if you have obtained that designation as a Partner, you are still an employee as you are not an 'equity' Partner, and which is another league. Further, there will still be other Partners who are more 'senior' than you. Behold that all wonderful remunerations and bonuses comes with immense performance of KPIs to fulfill which goes without saying. My pursuit, ultimately, is to set up my own practice - to stand on my own feet. For now, I'm taking on an in-house role with supposedly more work-life balance and with this breather time, I'll start to make plans.]
<Accepting a new offer pending letter - expect to serve my notice period of 1/3 month, as new company intends to buyout 2 months.>
Job Title : Legal Manager
Job Desciption : In-house legal - M&A
Age : 29
Years spent in company : 0 years
Company : Start-up
Industry : E-commerce
Tenure : Permanent
Employment Level : Mid-level / Manager
Experience before joining (years) : 4-5 years
Highest paper qualification/ education background : Law Bachelor, Law Master, Practice Certificate, Business Master
Location : KL
Average Working Hours Per Week (incl lunch hours): Expecting 40-50 hours.
Monetary Payout
Basic Salary + Fixed Allowance : Basic RM9,000 [Expected RM9.5-10K, I was low-balled and finally ending with this figure.]
Contractual Bonus (months): Nil.
Performance, Variable Bonus & Commissions (months) : 20% of annual salary.
Benefits (where relevant) : Work Laptop
Health Benefits : Group medical coverage
Transport Benefits : Nil.
Mobile / Internet / Gadget Benefits : Nil.
Flexi Working Hours : -
Other Benefits : Remote Work, ESOP, SGD180 Reimbursements for Remote Work (on claim basis).
Thanks for sharing. Is your new company a Singapore based set up ? Business Master means MBA ?