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Aspiring Lawyers - Applications & General Advice
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Is it wise to talk about salary wars in London?
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<blockquote data-quote="Ahi88" data-source="post: 41352" data-attributes="member: 5225"><p>I think it really depends on the context of your answer. What was the question asking you?</p><p></p><p>Your answer is fine but maybe think about why these these 'salary wars' exist. Ultimately, law firms are competing with each other to attract future talent and retain existing talent. Therefore, salary is only one factor of many that enables them to do this. However, focusing solely on salary wars perhaps is not the be-all and end-all since city firms may also compete in alternative ways beyond salary. </p><p></p><p>Other factors might include flexible working or the creation of new roles for lawyers (e.g. innovation roles) which can also be mentioned when you discuss salary wars. For example, law firms like RPC have recognised that not everyone has promotion to partner as the end goal of their career and took the initiative to move away from an all-equity partnership structure which helps offer their people alternative career destinations that reflect their seniority and value. Similarly, firms like DACB have introduced business-focused TC's that incorporate data analytics diplomas. Kennedys are another example as they have a new 30-month training contract allowing graduates to begin earning immediately under the SQE.</p></blockquote><p></p>
[QUOTE="Ahi88, post: 41352, member: 5225"] I think it really depends on the context of your answer. What was the question asking you? Your answer is fine but maybe think about why these these 'salary wars' exist. Ultimately, law firms are competing with each other to attract future talent and retain existing talent. Therefore, salary is only one factor of many that enables them to do this. However, focusing solely on salary wars perhaps is not the be-all and end-all since city firms may also compete in alternative ways beyond salary. Other factors might include flexible working or the creation of new roles for lawyers (e.g. innovation roles) which can also be mentioned when you discuss salary wars. For example, law firms like RPC have recognised that not everyone has promotion to partner as the end goal of their career and took the initiative to move away from an all-equity partnership structure which helps offer their people alternative career destinations that reflect their seniority and value. Similarly, firms like DACB have introduced business-focused TC's that incorporate data analytics diplomas. Kennedys are another example as they have a new 30-month training contract allowing graduates to begin earning immediately under the SQE. [/QUOTE]
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Is it wise to talk about salary wars in London?
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