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My Hourly Wage as a Corporate Lawyer - The SURPRISING Truth

Liam Porritt 173 views

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@Liam Porritt can I get in touch with you sir?
Comment from : @elormmorgan8678

You should rly do a discounted cash flow calculation for your earnings over the next 20 years 😂
Comment from : @theauditor456

Hi! I am LLM student in Finland At this moment 1st year associates earn about 4400 euros (3800 pounds in current rates) at bigger law firms in Helsing Associate trainees about 0,75 of that Salary/costs of living ratio are about the same as you have with your partner However, you can get mortgage soon after graduation and pay about same amount of money in monthly loan payments instead of rent with 20-25 years loan Bonuses are about 0,5 - 3 x monthly salary I was surprised how much you have to pay taxes and insurance with that salary in England
Comment from : @NotSoProvocative

Same thing for chartered accountants,, but it is all about future earnings Thanks for “brilliant”
Comment from : @user-rx8qq8sk9ydv1ce5ib

What is your hourly charge-out rate?
Comment from : @markignatius7234

Man when its broken down hourly it really doesn't seem worth the pain
Comment from : @deusvultpictures6550

Liam, do you know if there is a way we can find how much Cliford pays in other countries? Such as Belgium? In the website of Cliford in other countries there is no record from what i have seen
Comment from : @eduardzamfir1790

God, and I complain about my Swiss salary as a cross-border I lived in London for 14 years and I barely survived working for a medium-sized law firm I wish I had your energy, Liam Well done
Comment from : @ymest269daniel9

Hey dude, would you do private Prosicution for me?
Comment from : @dsktv2088

48k ??!?!!? Yeah there is no way I am putting graft blood sweat and tears into my law degree to be earning that IM DROPPING OUT
Comment from : @muneezakhan1112

Love your voice, very soothing♥️
Comment from : @v6812

00:10 "I dont know why I decided to see my hourly wage compared to others" Well The reason is is that our whole life is based on comparison with others We want to know what we are worth and what is our value and sadly we base this upon others I am worth more and so I am better than him And that is our sad life We have been taught comparison from school to uni to work To be better means I am worth more Why do we compare Because really we are nothing and so we compete to become someone and sooner or later we will realise we are just an empty shellbrbrWe also compare because we feel others are taking advantage of us The partners of Clifford Chance are taking advantage But don't worry Their lives are also insecure in bringing in the money and competing with other partners Their insecurity trickles down and becomes your insecuritybrbrGet out quick They cannot value someone who can think for themselves Hahaha
Comment from : @channiedhillon

Work life balance is ridiculous in corporate law
Comment from : @MegaMoney786

Crap salary for London
Comment from : @dac8939

Thank you so much for sharing with us the reality I'm also curious if a 60-80 working week (not billing hr) is normal for a trainee in big law That means a potential 10hr workload for each day 😳How about the actual billing hour for that week?
Comment from : @amico5464

That looks like $64,000/year Is the cost of living that low in London? Because here in America, a lawyer of your status would make $220,000/year
Comment from : @butters6295

I've got some further bad newsthere are more than 4 weeks in a month!
Comment from : @petesnap1969

I am very happy to see that my mobile wallpaper and cover are exactly the same as yours! 👍
Comment from : @awesomeguruji3894

lol what I made MORE as a non skilled assistant in construction
Comment from : @TheFrontyer

Really? I would think corporate lawyers earn 100ks
Comment from : @ChuckleHoneybear

You inspire me to be a hospitality lawyer
Comment from : @trinitygyimah1166

Ouch those hours… was hoping the pay would make up for it
Comment from : @tomsmith3403

I was an E5 in the US Military in the early 2010s stationed near London, making around $2400/month and had my housing covered, and still felt broke in London
Comment from : @mgoboski

Not worth the hours like banking Your life is worth more
Comment from : @NoName-ql1wk

Read the book "The Apprentice", real good insight on how lawyers start I rather be software dveeloiper
Comment from : @RIVALSGOOBERS

Being a beginning lawyer is like being a beginning medical doctor In fact most nurses make more than a 1st year medical doctor, most don't realize that - at least here in the states In the US after medical school there is a 5 year residency During the residency the medical doctor is paid about $55,000 per year, £40,965 However, the earning potential post 5 years, is much greater so in the beginning it is a financial sacrifice, however it does pay off in the end
Comment from : @DocPortland

Next up, how much it costs to run a law firmbecause the fee earner gets a small proportion of fees earned A lot of law firms have huge loans and overdrafts and it is just a cash flow business ie can you service your commitments from your earn rate
Comment from : @SolvelawUk

respect for holding a corp law job and doing YouTube too, that's a sub from me!
Comment from : @aryamanjagdhari1292

Dios te bendiga y Dios bendiga a Todos los que estan leyendo esto! Deseo que tengan un hermoso dia! Buscad a Dios mientras pueda ser hallado! Jesus es el camino y el unico camino y regresa pronto! Recuerda cuando te sientas que no eres amado el mayor sacrificio se hizo por amor! EL SUICIDIO NUNCA ES LA RESPUESTA! brbrPorque de tal manera amó Dios al mundo, que ha dado a su Hijo unigénito, para que todo aquel que en él cree, no se pierda, mas tenga vida eternabrS Juan 3:16 RVR1960 brbrLa paga del pecado es muerte (infierno) pero Cristo pagó nuestra deuda en la cruz para nuestra salvacion! Debemos volvernos a Dios y apartarnos de nuestros caminos pecaminosos, confesar que Jesús es el Señor y creer con nuestro corazón que fue resucitado de entre los muertos por Dios, y debemos de ser bautizados en el nombre del Padre, del Hijo y del Espíritu Santo y vivir por Su palabra y mandamientos! Confia que Dios ayudara con el resto! brbrBusca a Dios, antes de que sea muy tarde! Hoy podria ser tu ultimo dia en la tierra! brbrQue tengas un hermoso dia!brbr❤️❤️❤️❤️❤️❤️❤️
Comment from : @lopezfam7317

God bless you and God bless anyone reading this! Hope you have an awesome day! Seek him while you can! Jesus is the way and the only way and he is returning soon! Whenever you think you aren't loved Remember the ultimate sacrifice was for love! ENDING YOUR LIFE IS NEVER THE ANSWER! brbrFor God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting lifebrJohn 3:16 KJV brbrThe wages of sin is death (hell) but Jesus paid our debt on the cross, for our salvation! We must turn to God and away from our sinful ways, Confess Jesus is Lord and believe with our hearts that he was risen from the dead by God, and we must be baptized in the name of the Father, the Son and The Holy Spirit and live by His word and Commandments! Trust that God will help with the rest! brbrSeek God today before it's too late! Today could be your last day on earth!brHave a blessed day!
Comment from : @lopezfam7317

I don’t envious of your stressful job However I am glad you enjoy your job The corporate office environment is so overrated
Comment from : @chloelee2997

Why is it that the same role in the US pays 4 times as much?
Comment from : @gopez93

imagine being on a computer and getting up to get a calculator
Comment from : @fromdashadows673

My friend earned more working in retail lmao
Comment from : @krystian6470

You make $2750 an hour Fast food workers in the US make $20 in some places I make $57 an hour in law enforcement and I pay less per month to own a much larger house That's insane
Comment from : @bryceshannenclother4657

hello! i got to hear that corporate lawyers in big law firms (Magic Circle ones) have little to no work/life balance, is that true?
Comment from : @emzie7067

hunk!
Comment from : @akaiser8965

Love you
Comment from : @mohakkhin4273

This was super interesting because I looked up average pays between London and Seattle, USA, and Londoners are so much less compensated compared to Seattle residents adjusted for the currency differences Cheers man thanks for the video
Comment from : @harveyts3

That’s salary isn’t that much tbh, below average for someone your age in the city
Comment from : @xxlairdy1106

This is flawed really because you cannot account for the cost of living in london and accomodation, without recognising the increase in salary ratio You would not be on 48k as a trainee outside of london so it's a bit of a moot expense
Comment from : @MsSimixx

Is this typical of an entry-level Lawyer? Do you know if US Lawyers make more or less? I am asking because my brother is thinking about law school, and asked me to research the career opportunities To me this seems very low, even for entry level, but I am not sure if it works different in the UK versus the US Or am I wrong in my conversion? Is 48k pounds is just under 70k USD?
Comment from : @brianjdyck5541

Ever speak to the client lol?
Comment from : @danbill9165

Now imagine what it's like for someone trying to live in London on minimum wage
Comment from : @Mrgnothing1

i don't understand how you make £4k a month on a 48k salary after tax brI've added up on a salary calculator and it doesn't add up
Comment from : @farrahkhalid9138

Is the power of the pound far greater than the US dollar in society? 48k a year for your level of work should be insulting
Comment from : @1Snouser

Love the transparency with this - us brits aren’t the best about being open with money, but it’s so important to be!
Comment from : @freyadavis1814

meanwhile -> a deliveroo driver works
Comment from : @boratlovesrabbits

Are you genuinely happy?
Comment from : @llsss777

The pay is great but the unearthly hours aren’t justified, I’d much rather get to switch off each day at 530, not work weekends and take a slight pay cut
Comment from : @TedC1603

As an ex Londoner now living in Canada 48K is nothing for that type of job I left England 28 years ago and i earned 30K as a low level manager for a major retailer I'm shocked but well done I subbed you
Comment from : @user-ff1kd6fe5k

Interesting! Thanks for sharing I'd love to know how you track your time at work?
Comment from : @healthymelody

wow salaries in uk sucks you are going to be making soon more money with yt
Comment from : @mileicampeonmundial

What's terrible is that the law firm charges you out at £300/hr
Comment from : @towhitby1

Ur getting ripped off American law firms pay their first-year associates more than twice that depending on the firm
Comment from : @Ack23188

Goshthis pay is not good
Comment from : @cido6677

Im a student in university who works as a part time security officer in the United States and I make 18 Dollars a hr Never did I in a million years think a corporate lawyer make a 48000 salary
Comment from : @isseahmed3324

Is 48k good?
Comment from : @asteinley

Are u working remote / hybrid / Office 100
Comment from : @aseuvella6102

There is a very high attrition rate amongst corporate lawyers in London Probably half the trainee lawyers at Magic Circle firms will not be in corporate law after 10 years……
Comment from : @Ccb88888

Quick question Do you have to fill in time sheets at the end of each week?
Comment from : @gracetudreu

Thats crazy, here in America i make 21 an hour(other job) and after tax i only take home 2200 at the end of the month
Comment from : @nitijr8346

$205,000 per year, or 150,000 pounds, first year associate at Skadden Arps at all their US offices But hours will be longer, maybe 60 to 80 hours per week
Comment from : @jakemoseley1811

48k is jack shit dude I made over 100k a new grad software engineer 50k and you are living in poverty in London
Comment from : @Gamabunta24345

Yes, being a lawyer or solicitor in UK doesn’t earn you a fortune, never will If we were to make a fortune in terms of a job, running own business or being an investor will be the route My friend being a business owner for a restaurant, he works 6 days a week from 9am to 9 pm, within 5 years time, he purchased two houses in CornwallbrbrSo yes, being a solicitor is good in social status and fame In end, we work for a cause, not entirely for money, however, most of us forgot why we chose this profession or any other profession in the beginning, sadly to say 💪👍brbrSo I think it’s vital to know what you get and what you lose by what we do for work, and why as well as if it’s worth it
Comment from : @Smile-kg7vb

Hi, just wondering does 'Goldam and Co Solicitors' employ Corporate lawyers? I don't know how to figure it out and hope you do
Comment from : @divinity4475

Dude, you are the finest and the best social media lawyer period
Comment from : @shahsfitness2524

Hi Are you still in your trainee year
Comment from : @adonismanyanga8583

4k more than me!
Comment from : @iamaaronsmith

Informative viewing ! I’m Graduating soon & I really hope you’re enjoying it x
Comment from : @emmajayne4184

Did you pass the Bar to get that job?
Comment from : @1ВладиславМакаров

That's very interesting Should take it one step further and calculate billable hours and hourly rate At the end, you can determine if you want to continue working for a firm or start your own practice after training period
Comment from : @meritocraticmafia9824

Big up T Wells 😊🙌🏻
Comment from : @samuelcole9385

Keep the records for the future too I have mine (written, not video) from the 1980s onwards and it is fascinating to see how things change and how things were I had a baby as a trainee without maternity leave and worked full time We spent 50 of each of our net pay in that first year on full time childcare costs and most of the rest on commuting costs (could not afford rent close to work sadly in those days) and food and housing That baby and the others were worth it, though When I moved to working for myself and in effect keeping the hourly rate it is even better
Comment from : @janesmith9024

How on earth are you only making 48k Is your gross income around 86k? Big law starts around 190k gross, doesn't it?
Comment from : @ariston111

💸
Comment from : @sukku8765

Wait? nurses in the UK get paid a only 12 pounds/hr? OMG! Thats so sad In the US (in my state) a new nurse gets paid $32/hr which is about 22 pounds/hr And this is the pay for nurse in med/surg ICU, ER, NICU get paid so much more CRNA gets paid around 130,000 pounds/yr It is so cheap being a nurse in the UK
Comment from : @yunisblu3412

Could you please helpme by answering my query that can an Indian law graduate could apply to a london based law firms? And if yes than how
Comment from : @sanskardubey3423

change your domicile to The caymans British income tax is brutal
Comment from : @zachariah4853

I decided at the grand old age of 28 that I’m going to study a bachelors degree in law with the Open University in October! (I live in the west of Scotland) And I have got to say, after watching a lot of vids (good and bad) brI really still want to do it!! brbrWhen all of a sudden the passion for study comes out of genuine interest (especially when I hated it before) it’s gotta be for a reason! Haha I’m starting my journey a little later on than most but sometimes it takes a little longer to figure things out I reckon 😜 lol cheers for the video’s Liam I thought I’d share a wee bit with you since you’ve shared so much with us! brbrKeep up the good work pal 👍🏻 brbrDavid
Comment from : @DStenhouse

I just found your channel and I love it! I've completed my LLB and I'm nearly done with the LPC but with no training contract so as overwhelming it has been your channel is very refreshing and makes me feel motivated to get to work!!
Comment from : @sandrachlopas8977

4:03 bankers as in investment bankers? Your assumption seems on the basis that starting investment bankers earn less that trainee corp lawyers even though they work longer hours I thought IBs would earn slightly bmore/b than that tho even in the beginning? Idk
Comment from : @gemsx2045

Forgot to charge them for rental of your office space
Comment from : @mongo7129

Could you share the link for your blue light block glasses?
Comment from : @willli3436

Hey, thanks for doing the math Knowing that you’ll earn £100K next year must be great :D But I’ve got a question, how big is your law firm(employee wise) and are you working in big law?
Comment from : @yumnax

I was on this path some years ago, until I left law school in 2017brNo hate to this man or anyone here, but that life style is too unhealthy for me, and a lot of people
Comment from : @oscarclarke2653

I honestly hate law - did a module in my master's in real estate finance - trying to get into private equity now, but find these money and career videos interesting One thing for sure is UK salaries suck compared to US I am currently in UK
Comment from : @annajones9701