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Law Firms Take more Extensive Cuts Amid Unprecedented Crisis

by Katie King

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Despite several well-known law firms in Singapore, imposing pay cuts across the board some work, especially dispute work, restructuring and refinancing work has increased and some people are working harder than ever.

As a result, recruiters said have been receiving a larger number of queries of late particularly from junior lawyers, with some considering leaving practice to serve as in-house legal counsels.

The Business Times recently caught up with Clement Tan our senior consultant for Legal & Compliance, to hear his view on the current market movements.

"Their workload has remained largely the same, if not more, and would be understandably disgruntled in having to take a pay cut despite their efforts."

"Some see the pay cut as a time to reassess where they are, becoming more open to considering an alternative career in-house or with another firm."

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Clement focuses on hiring Legal and Compliance roles across both inhouse within Commerce & Industry and in Private Practice. Typical mandates include General Counsels, Senior Legal Counsels, Legal Counsels, Partners, Senior Associates, and Associates. 

Contact Clement Tan - ctan@space-exec.com today to find out how he can help you build your legal & compliance team.