Life as a BIG LAW Associate - Corporate Lawyer Diaries (London)
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- Опубликовано: 2 июн 2024
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Why did I become a lawyer? Do I want to make partner? How many hours a week do I work? Is life as a lawyer not insanely stressful?
I've been a qualified corporate lawyer for about 6 months now, and I felt like it was time to answer some of the biggest questions people have about working in big law. There are for sure ups and downs in this job, and so I want to be open about what that really means - how do I feel when I have to give up plans? Is the salary worth it? Do I actually enjoy my job?
If there is one thing I've learned since going into full-time work, it's that the grass is always greener. People in high-flying jobs earning big money sometimes wish they could live life at a slightly slower pace, and people who are don't earn so much or work such long hours wish they had a bit more spending power or a slightly more challenging role. So, when I answer these questions, I am honest, but I am also mindful of how easy it is to criticise what we have without appreciating it for the positives.
Corporate law definitely is not an easy job. It requires hard work, patience, and an ability (from time to time) to suck up a long night spent doing something you'd rather not do. But it also brings with it the opportunity to work with insanely smart people on huge deals, to think, perform under pressure, to work as a team, and to get sh*t done.
0:00 Intro
0:50 Why I Chose To Become A Corporate Lawyer
07:39 What Is Life As A Corporate Lawyer Really Like?
14:41 How To Decide If Law Is A Good Profession For You
18:09 Advice To Get Into Law
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About Me
I'm a lawyer, part-time RUclipsr, son, brother, startup founder, fiancé, black coffee drinker and plant dad. I graduated from Cambridge University (where I studied French and Spanish), topped my law school class and now work for a corporate law firm in London as a trainee solicitor (which takes up a lot of my time)!
Around that, I'm a big fan of discovering new ways of thinking, of balancing work with life, and of performing to the very best of my ability. Ohh, and being happy. And I try to share all that on this RUclips channel 😀
Fun fact: I believe we massively overplay the role of “natural talent” 😮 AND… I also believe that TOGETHER, WE ARE ALL CAPABLE OF POSITIVITY, PRODUCTIVITY AND SUCCESS.
📸 Instagram - / liam.porritt
🌍 My little kingdom - liamporritt.com
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Disclaimer:
Information, views and opinions depicted in this video are my own. Information visible on screens or in documents does not relate to my work as a lawyer for clients.
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60+ hr weeks and sometimes weekends??? I'm glad I'm in my 40s and can do half of that! I realise it's not every week, but life is too short and I prefer to enjoy time with my kids and hobbies and friends.
Kudos to you Liam definitely not for me. But I've been through all the corporate work and now can choose my own time and work. But I also don't live in London, and never would want to go back to that insane corporate environment.
Very good advice (I am an older lawyer). I agree that as you get more senior although you have more control of your life (I can work whenever I like) you still are giving the clients what they want when they want it. One reason I am still doing all this at my age is because I have always tried to get enough sleep, have children, balance my life and it is still huge fun to practise law every day.
Thanks for sharing your advice and experience with us. It really helps to gain perspective and stay motivated. Wishing you continued success on this journey.
Just what we needed 💯🔥
Your videos keeps me motivated especially the ones you made during your Cambridge days in which you described the methods of studying and making sure the knowledge is retained. They are really helping me in my preparation for LLB entrance exam here in India so that I can become a corporate lawyer like you one day. Do make a video if you have any other techniques or suggestions that you have not shared before which we can incorporate in our study schedule which can help us improve our exam preparation . Thanks again
Waiting for a Q and A with you, an investment banker, a doctor and a consultant at the same stage of your career, just discussing your respective jobs and career choices
As a law college student, this will be very helpful
Hi, Liam. Quality and relevancy is getting better and better with every video!
Glad you think so! Thanks so much!
Really interesting video Liam, I wish something similar had been available when I was going through this 20 years ago! (Completed my LPC in 2003).
Career-changer here on the LPC and fellow CW dweller!
Hi Liam! I will begin working at a Big Law firm as a trainee in September and your videos genuinely help me prepare myself for what lies ahead in this journey. Thank you for sparing your time to shoot and edit such quality videos. Cheers from Turkey
Thank you!!!
Hey Liam I'm 17 and wanna know what is the first thing I do after school to start corporate law
Is it easy to get sponsorship job after doing GDL and SQE1 and SQE2
Best of luck as you continue your career
Thanks so much Bob :)
I look up to you man.
I’ve done an LLB, an LLM (at Russell group unis) and my LPC. I’ve chased the training contract dream these past couple of years. I’ve comfortably given up but I love your vids Liam because I can live vicariously through you. You truly are amazing.
how come you havent been able to get a TC despite getting an LLM and LPC?
@@ivanbenisscott Hey, if I knew the answer then I’d keep going. It isn’t through lack of trying believe me.
@@arkid47 you considering doing the SQE instead?
Hey arkid! If you don't mind me asking, what field are you working in now?
(I'm currently going through the TC hunt - I'm looking at other career options though cause we all know how competitive it is lol )
Liam make a video on how lawyers use chat gpt
Title could be CAN AI PRACTISE LAW .
Hey Liam!
I'm currently a Year 12 student looking to do the MML course at Cambridge. My passions for both languages and finance seem to coinside with yours super closely! I see you as a true role model as I work on my own website helping teens just like me to develop themselves and find success just as I am working towards. Sound familiar? I seem to be on a very similar path as you once were and would love any further insight you could give!
Is there an email or way we could speak privately more about this?
Hey Kieran! Amazing to hear, and languages is of course an amazing degree 😝 And amazing to hear about your website - what’s it called? I’m really sorry though - right now I just don’t have the capacity to be able to speak one on one with people like this I’m afraid! If you have any specific questions as your progress though, my email address is hello@liamporritt.com 🤗
Liam the great
Liam the cringe
Hi Liam whats it like being a lawyer ive never fone it but found it interesting im wanting to get and go down Admin but finding really dofficult and hard any advice you can give nuchbappreciated new to channel just subs and your videos are amazing useful helpful content and videos amazing keep it all up 😊😊😊 Best of luck as you continue on into your career 😊
The cuts are a bit fast for me. Otherwise I enjoyed the video!
Is it easy to get sponsorship job after doing GDL and SQE1 and SQE2 please let me know about it
Man I did not know about virtual internships until you mentioned it. This is great advice and think it will certainly help my chances of getting into investment banking. Thanks liam
Accountants are the equivalent of the lawyers except you guys enjoy, reading more and get paid more. I feel like I went into the wrong field LOL.
Try being a doctor, studied for 5 years at university after getting top a-levels and getting into the most competitive course in the country. Only to be paid £40k on graduation, £46k in my second year. Now in my 3rd year and I only make £55K whilst working 40hr/week.
@@electri2024 To be a doctor you have to be passionate about it. If you go in for the money, you will be sorely disappointed.
@@deusvultpictures6550 passion won’t pay off the 80k debt I’m in from medical school
FR
@@deusvultpictures6550 you still need money to pay the bills and live comfortably. Passion only goes so far and it doesn’t mean you should accept a low wage just because you enjoy doing it
hi liam, i am a law student from India, could you please let me know what are the scopes for me in uk as a lawyer.
@@sassysam6998 I already did, just was asking for his suggestions.
How many times do you need to say you’re paid well without saying what your income is?
He has a video on his salary.
He’s mentioned his salary multiple times…£150K as a NQ.
It’s easy to search on google what the magic circle firms pay for NQ’s and it currently hovers around 100-150K a year.
You can find that information out online
How to make such videos by yourself. Need help in creating videos like this.
He has 2 editor
@@HafsaJ would love to connect with and learn
Or even hire them
@@startupsolicitors they live abroad but you can easily find an edited online that can fit your needs with low cost too!
It’s probably £30-40 per hour in reality . Meanwhile kicking a ball about : £400,000 per month with half a GCSE in Woodwork.
That’s called public interest. Football is one of the most popular sports in the world, meaning the higher the public interest, the more money invested into it = higher pay, bigger contracts and sponsorships.
The same goes with law firms, the higher the interest in clients to work with a law firm, the more work = higher fees and higher bonuses, more pay for the law firm.
It’s really not that difficult to understand.
Your example between a lawyer and a sports renowned professional is a bad example. Even a top cricket, tennis or even rugby player will get paid more than a typical corporate lawyer. Im not sure what your argument is.
Blame the public interest on why footballers get paid so much. It’s called business, otherwise the money ends up going to the owners (who are renowned as snakey and dodgy businessman anyway in the football world).
@@jameswatley8561 Painters and decorators from East Ham got jobs at money brokers in the City in the 1980s and earned £ 300,000 a year then. So your argument collapses. Market makers at LME firms from Essex were on £500,000 per year out of secondary school . I was there. It’s not difficult to comprehend if you do your research properly and have the experience. The simpleton version. Lawyers get paid about £40 per hour when you get your calculator out . After 5 years of Tertiary Study . Still unsure ? Pay isn’t all its cracked up to be .
@@mindcache5650 again public interest! How can you compare the 1980s traders/brokers when the financial market wasn’t as regulated as it is now to todays footballers who are getting paid hundreds of thousands a week. Painters and decorators would fall in that catergory because they probably had good chat and communication when it comes to sales. Also the 1980s was probably the peak when it came to money broking, Fx etc, it was new to the market and everyone wanted a piece of it, again market interest. You go where the market is. Secondly your original argument was comparing lawyers to footballers with half a GCSE.
Public interest!!! It doesn’t even need to be footballers, tennis players any sport which has a massive platform and viewing interest will attract sponsorship and money towards that individual or club because it benefits the investors. Naturally inflation and spending will go up because of competition and bigger investors. I’m providing some pretty basic knowledge here with all due respect.
I really don’t understand your argument. If your argument was ‘why should footballers get paid so much with half a gcse’ then that’s fair enough, but I think I have already answered that question.
For example, if a ftse 100 clients needs a law firm to assist with a massive transaction, they are likely to go with the top tier law firm instead of a domestic law firm, again because of their platform, because of the market interest and clients they have worked with which means more money.
I don’t know where your argument is going.
@@jameswatley8561 The case rests.
how tall are you?
6ft 2 😊
@@liam.porritt erh... that guy in the office towering over everyone ! ( from a 5’9” in high heel!}
OI OI CHEEKY NANDOS
Nobody has an interest in Corporate Law...sitting for days doing doc review and arguing over the placement of a comma...nah...it's all about the cash.
I am not so sure. I get totally engrossed in my legal work, "flow", as happy doing that as any of my hobbies.