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EG in the news February 2013 - The Law Society Gazette

The Law Society Gazette 04 February 2013


Changing City business models


“Most people would stop short of calling a $10,000 (£6,300) bonus for a one-year-qualified London-based lawyer at a US-headquartered firm a crisis. Indeed, that particular statistic is a modest improvement on 2011. But consider this. In 2007, the bonus at that same firm for a one-year-qualified would have been over $30,000. That is just one small indicator of how a quarter-century of ever-upward growth at the major commercial law firms has been compromised.”

 

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