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Aspiring Lawyers - Applications & General Advice
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Commercial Discussion 2026
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<blockquote data-quote="Rosie_Kitten" data-source="post: 242244" data-attributes="member: 43597"><p>I wouldn't say those salaries are too nightmareish, but I get the principle (r.e. expectations vs result, work input etc). In the past year, the dollar has gone from 80p to 73p - about an 8% decrease. If salaries were given in $ terms, that's an 8% decrease in £ terms. In euros, it's fallen from 96 cents to 84 cents in a year.</p><p></p><p>I certainly can't remember in recent history when there has been such a shift. And you can expect more in the next few months based on current consumer confidence and what Trump is trying to (unsuccessfully) do to the interest rates with his interference. It's also a nightmare for the clients these firms are representing, when it comes to price stability and profit stability (in terms of manufacturing, which is trying to increase in US economy, and use of UK services, etc)...</p></blockquote><p></p>
[QUOTE="Rosie_Kitten, post: 242244, member: 43597"] I wouldn't say those salaries are too nightmareish, but I get the principle (r.e. expectations vs result, work input etc). In the past year, the dollar has gone from 80p to 73p - about an 8% decrease. If salaries were given in $ terms, that's an 8% decrease in £ terms. In euros, it's fallen from 96 cents to 84 cents in a year. I certainly can't remember in recent history when there has been such a shift. And you can expect more in the next few months based on current consumer confidence and what Trump is trying to (unsuccessfully) do to the interest rates with his interference. It's also a nightmare for the clients these firms are representing, when it comes to price stability and profit stability (in terms of manufacturing, which is trying to increase in US economy, and use of UK services, etc)... [/QUOTE]
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