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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Commercial Awareness - April 2018
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<blockquote data-quote="Nicole" data-source="post: 550" data-attributes="member: 16"><p>Wow what a fantastic article. That's a great find Nick, thank you for sharing. It's interesting because I don't see much of a way out of this for many UK firms. They lack the profitability of the elite New York firms, so even if they continued to modify their lockstep, they would still be unable to pay as much for rainmakers compared to firms like Kirkland. And if they do overhaul their compensation system it'll affect decades of tradition and all the partners that have been waiting to get to the top of the lockstep. </p><p></p><p>Keep them coming, I may have to start collating these articles in one place!</p></blockquote><p></p>
[QUOTE="Nicole, post: 550, member: 16"] Wow what a fantastic article. That's a great find Nick, thank you for sharing. It's interesting because I don't see much of a way out of this for many UK firms. They lack the profitability of the elite New York firms, so even if they continued to modify their lockstep, they would still be unable to pay as much for rainmakers compared to firms like Kirkland. And if they do overhaul their compensation system it'll affect decades of tradition and all the partners that have been waiting to get to the top of the lockstep. Keep them coming, I may have to start collating these articles in one place! [/QUOTE]
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Aspiring Lawyers - Interviews & Vacation Schemes
Commercial Awareness Discussion
Commercial Awareness - April 2018
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