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Jones Day joins ‘100 Club’ with 18% pay boost for junior lawyers

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Exclusive: The only way is up for trainee pay too

Jones Day has increased the pay packets of its newly-qualified lawyers (NQs) by a whopping £15,000.

Until recently, junior associates at the firm enjoyed a sizeable £85,000 pay cheque, exactly the same as their Freshfields Bruckhaus Deringer and Clifford Chance counterparts. But it’s now been announced the firm will be paying its newbies £100,000 a year, whizzing Jones Day up the NQ pay league table. The big money move equates to a salary boost of £15,000 or 18%.

Leapfrogging the magic circle firms mentioned above, as well as Dechert (£90,000), Jones Day now sits just behind fellow US stalwart Sullivan & Cromwell (£101,500). You can check out what all the top firms pay on Legal Cheek’s Firms Most List.

It’s not just Jones’s Day’s NQs that are cashing in.

The firm — which offers 20 City training contracts a year — has also upped trainee pay. First years were until recently paid £45,000 for their efforts; that’s now up 4% to £47,000. And second year trainees have enjoyed an even bigger boost: their salaries are up 8% to £54,000. Again a scan of our Most List is helpful here; it shows that the firm’s second year cohort is now the third highest paid in London, with only Davis Polk and Sullivan & Cromwell offering more (£55,000).

Aside from the very enviable salaries, what’s Jones Day like to work at? The firm scored well in the Legal Cheek Trainee and Junior Lawyer Survey, earning an A* for social life and then As in quality of work, peer support, partner approachability, perks, offices and chances of secondment abroad. Jones Day’s canteen was rated a B, while its training got a C.

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136 Comments

Jones Day Equity Partner

This is the most I have ever paid for it, if you must know.

(34)(1)

JD Partner

You obviously didn’t come to the last partner’s retreat in Thailand.

(12)(0)

Jones Day Equity Partner

Had to take a raincheck. I was “tied up” with “work” at the time.

(15)(1)

Jones Day equity partner

I was recovering from that one for weeks. My nuts were like raisins.

(7)(0)

Jones Day Managing Partner

I definitely joined the 100 club on that trip alone.

(7)(0)

Slaughters NQ that has been forced to use food banks.

_I_

(23)(0)

Slaughter and May Patnah

Mid-tier firm, along with Mayer Brown and other shite wannabe US shops.

(18)(12)

Anonymous

The same MB that is top ranked in many practice areas, one of the leading litigation firms in the US and one of the best full-service firms in Asia?

(11)(18)

Anonymous

Don’t kid yourself – MB isn’t in the same league as the likes of Skadden, Sull Crom, Latham, Kirkland, Davis Polk, Quinn, etc. I could go on…

Mid-tier US firm is exactly what it is.

(23)(9)

Anonymous

Eversheds Sutherland outranks them all.

(25)(1)

DWF trainee

Fuck off, we’re the future of the city.

Just look at our managing partner, he’s got spunk AND balls. I would know.

Womble Bond Dickinson 2PQE

Prepare to be displaced. Once we complete our MAJOR transatlantic tie-up, we will be the undisputed kings of the City.

Irwin Mitchell equity partner

Just you wait until we unveil our TRANSFORMING TITAN of a merger.

Anonymous

Yes MB may not be in the same league, it is essentially a UK firm with a US name slapped to it, hence why it does not compete with U.S. salaries.

But JD are clearly not a mid-tier U.S. firm and you are somewhat idiotic if you think so. They are now one of the highest paid firms in the city, both trainee and NQ, and were voted number 1 in the US firm brand index globally.

Stop sucking up all the jealous chime on LC about JD and do your research.

(15)(17)

Anonymous

HAHAHA to the butt hurt morons defending Mayer Brown and Jones Day because they weren’t good enough to get better TCs.

You think these firms are elite? Make a spreadsheet and compare them with MC/Wall Street PEP, Band 1 ratings on Chambers/Legal 500, Vault Prestige Survey rankings….I could go on.

There is a simpler test. Try find a single high stakes “bet the company” matter Mayer Brown or Jones Day has worked on in the last 10 years. I encourage you to find the list of history’s top 10 M&A deals (by value) and top 10 financing/restructuring matters (think Enron/Lehman) and you won’t find a trace of these firms.

Simply put, in their true hour of need no major client thinks “shit, better call Mayer Brown/JD”

Powerful comment game brah

Savage beast, this one.

Anonymous

I mean, you are wrong.

Isn’t Jones Day advising the biggest M&A deal of the year so far between British American Tobacco and Reynolds?

Someone got butthurt…

Anonymous

Chambers and Legal 500 are UK/European tables. There is no way U.S. firms of 100-200 can compete with UK firms of 1000+ in London/Europe. You will find that Kirkland, whom you compared to being a top notch US firm before, isn’t even ranked highly in those – neither is sull & crom.

Clearly you do not understand how these tables work.

Anonymous

Jones Day is ranked higher than Shearman & Sterling, Baker Mckenzie and Latham in the Vault prestige rankings…

Irwin Mitchell equity partner

LOL.

Anonymous

You’re utterly delusional if you think JD is ranked higher in anything than Latham.

Anonymous

I’m actually not at MB, but MB in the US, in Latin America and in Asia is a very much “bet the company” go-to firm. Less so in London these days with the loss of various corporate heavy weights, but outside of finance and corporate it is still an excellent firm. It’s banking litigation group is, for example, stellar.

MB doesn’t compete in the same markets as the firm’s you describe – not many of them are full-service firms nor do they aspire to be. MB does. And it’s worth noting that MB does not see itself as US firm, nor is does it regard itself as competing with those US law firms.

Anonymous

Hold up.. look at this: https://www.acritas.com/jones-day-number-one-law-firm-brand-acritas-2017-us-law-firm-brand-index

JD is ranked first for the ‘brand’ index. Scroll down a bit and you see the criteria:

We measure the strength of law firms across six metrics: top of mind awareness, favorability, CONSIDERATION FOR TOP-LEVEL DEALS AND LITIGATION, overall usage among U.S.-based clients and inbound usage among international clients.

So it does appear that businesses in their time of hour do think of JD.

Anonymous

I agree that in M&A and restructuring terms you’re potentially right (although it’s actually top ranked in restructuring now). It was different in the past when MB was the go-to firm for companies like ICI and helped navigate some truly transformational transactions.

Anonymous

‘make a spreadsheet and compare’ is my new go to phrase.

Anonymous

why are you so negative though, does it make you feel better about yourself?

Anonymous

Wow, the only reason Jones has brand recognition is because of shameless representation and sucking up to Doneld Trumpet and his cronies.

Even had to get a backdated ethics waiver. Hello.
http://abovethelaw.com/law-firms/jones-day/

Anonymous

Wow people actually think Jones Day is elite. Wake up guys it’s okay you didn’t get a job at the MC/NY Elite but it doesn’t mean you should live in denial XD

Anonymous

Do you think people are going to listen to someone who uses ‘XD’ faces online? It makes you look like the type of person who likes to play with his faeces

Irwin Mitchell equity partner

The banter is getting delicious in these comments today.

Anonymous

Re tables: hang on, if these tables don’t work, why do the likes of Kirkland and Sull Crom have high rankings in their areas of speciality in London? Have you actually been on chambers and compared rankings of different departments? Plenty of elite US firms have band 1-2 ratings. Jones day is what, Band 5 M&A? Along with a host of other mid-tier rankings

Re Tobacco deal: OMG WOW well done! Still wanna compare the presence of JD with MC/NY elite on history’s top 10, actually scratch that, top 30 deals? Is it 10-1? 20-1?

Re vault survey: wow well done guys! You beat Bakers and Shearman in prestige rankings! Hahahaha

Did I mention Jones Day has a PEP of sub $900k. Laughable. The firm has completed more M&A deals by volume than any other firm since 2001. It primarily focuses on lower value mid-market work. Wake up people.

Anonymous

To the moron desperately trying to use Acritas to defend the honour of his/her firm, this is the same bullshit survey that ranks Bakers, DLA and Norton among the top 5 most valuable legal brands in the world…..

Bakers, DLA and Norton…..says it all really

Anonymous

Okay, now i’m gonna shut this mother****** down.

Re tables: Kirkland is band 1 for banking & finance and restructuring & insolvency. All their other practices areas are ranked Band 3/4/5. Jones Day is band 1 for their litigation, and M&A, and band 2 for their real estate. All other practice areas are Band 3/4/5. Sull & Cromwell, one of the most highly regarded US firms in the city, are placed solidly in band 3. they do not have a SINGLE PRACTICE AREA in band 2 or band 1. And so, you get my drift – stop feeding people completely wrong information you leech.

Re tobacco deal: Who the f*** gives a f*** about historical M&A? We care about what law firms are doing NOW you bumpkin. And JD is currently representing the largest M&A deal this year.

Re vault survey: it was you that said these firms were incomparable to JD. if JD are beating them on the survey… f*** this you are just a idiot.

Re PEP: JD do not release their PEP, so I don’t know were you have got that figure from. Conjured out of the sky like all of your other arguments?

If you were a law student and I was your professor, with your awful argumentation skill, i’d give you a 3rd.

Anonymous

The above comment has Adam Deen’s finger prints all over it…

Anonymous

Adam, is this you?

Anonymous

There is a moron below who foolishly claimed JD is band 1 M&A and Litigation.

What he/she does not realise is that chambers has 2 tiers for M&A and Litigation. One is the premier league (elite/high end) and one is the championship (Highly regarded/Mid-Market) where JD has band 1 rankings

Jones Day wasn’t even ranked in the top 5 bands of Litigation (Elite section) and is band 4 for elite M&A

Last time i checked band 1 rankings for the mid-market does not make you an elite firm

Anonymous

That doesn’t defeat the argument that other U.S. firms are ranked lower that JD – like Kirkland and Sull & Crom, Cleary, etc.

The thing that is completely skewed in this debate is that MC firms will be band 1/2 for practically everything, as they have the human capital. US firms will struggle because they do not – most of their work comes from the US. By your logic, because they are not band 1 that means they are not elite and – therefore – no US firm is elite because none are top-scorers.

The problem is you need to look at worldwide prestige, not UK prestige.

Anonymous

Yes agreed, by that logic ‘top tier U.S. firms’ don’t exist, because they are never in the premier league… so what makes a U.S. firm in the UK a ‘top tier’ – the high salary?

Anonymous

You utter moron. Have you even seen the rankings in Chambers?

The top US firms have narrow specialisms and in them they are killers:

Latham: Banking Finance Band 1+2 same with PE

PE band 1+2 includes Kirkland Latham Weil Simpson Thatcher

Skadden Band 2 M&A elite

Where is Jones Day? Tell me please? Where the hell is it in the rankings? There isn’t a single Elite M&A/Finance/Capital Markets/Litigation Chambers ranking where Jones Day is Band 1-3

Skadden/Kirkland/Latham etc pick up Band 1-3 rankings in the areas the concentrate on and compete with the MC.

Please show me otherwise.

Anonymous

This whole discussion is one of the most pretentious things I have ever seen. Why are you arguing over who pays more/who is more prestigious? Law is one of the over-subscribed professions in the UK, so if you get a TC at any of these firms, whether MC or US, you have done so incredibly well. Pat yourself on the back, earn your 70-120k, and feel lucky.

JD Partner

Excellent, finally the female trainees can sort out those flat chests – brings down team morale.

(17)(8)

Anonymous

I am in the US market. I would say most of you are wittering. In the US, Vault means nothing, it depends on the city and state. And the area. You wouldn’t take it over Latham or Kirkland, but it is often better rated than or similarly rated to e.g. Shearman in most. In London, there are only a dozen or so US firms which recruit trainees. JD are firmly at the bottom of that pile, but working for an organisation depends on the job, colleagues and comp. And in many of those respects, it is comparable to the MC. Mayer Brown I think is a bit of a transatlantic merger here.

Can I also just say for all the nutsucking of the ‘top’ US firms in London, many of them are joke shops. Like Latham in litigation. Useless. They’ve made a big hiring effort recently, but they are still widely known as being, and i have personally experienced, real incompetence. Worse than the Shed.

(5)(1)

Jones Day Trainee

Please partners, I’ll do anything to get retained. Anything.

(6)(3)

JD Partner

How about being retained in my cellar?

(0)(0)

Jones Day Trainee

Put me inside and put it inside me.

(3)(2)

Anonymous

£85,000 to £100,000 is clearly a 15% increase you dimwit

(3)(25)

Anonymous

What grade did you get in maths, son?

(13)(0)

Anonymous

18%

(11)(0)

Anonymous

85,000 / 100 = 850,
850 x 115 (thats the 15% increase you talk about, in case you were wondering) = 97,750

(this is the point I prove you are an idiot)

850 x 118 (thats the 18% increase) = 100,300

It is an 18% increase.

(10)(0)

Anonymous

Quality troll, 9/10.

(41)(0)

Curious Trainee

Why haven’t the other leading international UK shops: Dentons, DLA, Eversheds Sutherland, Fieldfisher etc. done the same or nudged up? Why is it that a firm like JD can provide such a huge increase?

(2)(0)

Anonymous

Battery farm operation model.

(6)(0)

Cocky Balboa

“Cluck cluck” go the sounds of the chooks caged up at Cannon Place…

(8)(0)

Rupert; A US firm trainee

That sounds like the titan law firm CMS.

(3)(0)

Anonymous

DDD LLL

Anonymous

£62k still puts you in the top few % and top 1% for a 24/5 year old. Perspective needed.

(5)(1)

Anonymous

£62k is still half of what I get aged 24

#USDOLLA

(9)(0)

Tugboat

Not after tax and student loans it ain’t, muppet.

(1)(2)

Anonymous

Still take home around £2500 – £3k a month more, not counting the juicy bonus

Logic

It isn’t about income, it is about wealth. 62k, combined with even a moderate lifestyle for a young lawyer, London living costs, student debt and no parental support puts you pretty low in the wealth stakes.

(11)(2)

Anonymous

JD’s main market is the US, increasing UK salaries is therefore much easier now the £ is worth less against the $ than it was 13 months ago.

Fieldfisher is a grubby little firm, which is only good for Tech and IP. They still do Clin Neg work, they don’t do anywhere near enough highly profitable work to warrant paying upper-mid market salaries.

There is no reason for DLA, Eversheds or Dentons to increase from where they are. They’re not Magic Circle and aren’t competing with Magic Circle. They still have plenty of good potential trainees applying every year, it’s not like they’d struggle to hire decent grads because they’re not paying £75k for NQs.

(1)(1)

Broflake

Beta bois on here commenting on whether JD is elite from the safety of their high-street firms in Derby…

(21)(0)

Anonymous

Magic circle NQs must be tearing their hair out- now even JD pays more than them

(12)(0)

Slaughters NQ

B-b-b-but muh prestige.

(14)(3)

Anonymous

Very true. This must be particularly humiliating, especially considering just how little the MC used to think of legacy Gouldens.

(3)(0)

Anonymous

I think they still would have a similar view in terms of PEP and involvement in top-tier work. This is primarily the result of currency.

(2)(0)

David Lazin

PEP doesn’t really matter unless you are a partner.

(0)(0)

A Barrister

It pleases me to see you single-celled organisms squabbling over whether a given firm of solicitors is better than another.

The reality, as you all know to be true even if you don’t admit it, is that the best lawyers in this jurisdiction go to the Bar.

(10)(10)

Anonymous

To get the next round in, whilst they laugh at up themselves barristers?

(1)(1)

Reality Check

Barristers are just posh puppets that solicitors instruct to write silly long papers that the client never reads, and to put on a bit of theatre in the courtroom. A very specific role they play, that they think is very important, but really it is just another piece in the puzzle that is rarely needed.

(16)(3)

Pascal

This is kind of true. I instruct baristas more often.

(11)(0)

Anonymous

They’re pretty well paid for being ‘posh puppets’ mate.

(1)(7)

Reality Check

That is why they are posh puppets and not rag puppets

(2)(0)

Anonymous

Obviously a troll, but it is a commonly believed myth. There are about a dozen good commercial sets and about half a dozen more good tiny Chancery sets which collectively take about 50-60 pupils each year. The MC sets fudge those numbers as they take about 4 or 5 pupils while the rest take about 2 or 3, with the tiny ones taking about 1. These sets attract and look for the academic best, and offer interesting but a exorbitantly stressful, work 24/7 including weekends, lifestyle.

These sets are tough, you need a certain personality to do well, i.e. working long hours by yourself with no one to talk to. It is not for everyone.

Outside of that most sets are duds. If you have a real interest in clinical negligence or defending the police in HR claims, or if you really want to represent troubled people in divorces, there are sets out there for you. But these are completely different to City law firms. They pay MUCH less for the most part, and are completely different things which you need a very specific interest in to be motivated to do it.

There are many sets which do some commercial work which is low quality stuff over extremely low value work having been instructed by low rent high street solicitors in the middle of nowhere. Like a 10k dispute over a wall or a loft conversion. Other sets do bits and bobs and have you ‘cutting your teeth’ for 5-10 years on road accident claims and insurance companies which don’t want to pay out although 99% of the time, they should.

(5)(0)

Anonymous

The reality is that a Links, FF, Slaughters NQ could walk into JD if they really wanted to. The reverse is not true.

(13)(15)

Anonymous

Wrong – U.S. firms favour NQ’s from other U.S. outfits as they are used to the higher workload. MC/SC firms favour NQ’s from U.S. outfits because they know they know they are hardheads who have been trained to be hamsters and churn out work.

(11)(8)

Anonymous

This just demonstrates you’re being tribal and don’t really have much experience of this. I think even MC workers would admit that they work similar hours to the US firms, more than the ‘ah but you work harder at US firms’ adage would go, but I think it’s almost universally acknowledge that the training you get at the top UK firms is better. That’s not really controversial. You could say that it would suit people to be more independent during their training contract, so go to JD, whatever, but the training itself is not as good. People work hard and churn out the work everywhere.

(4)(7)

Anonymous

when ur on 100k sista who cares

(12)(0)

Anonymous

Yes fair enough, not judging people who go for JD. Just saying that people who train at UK firms could still switch if they wanted more money and didn’t mind about the trade-offs. Not sure why you’d do that just to get maybe £600-700 a month extra once tax, NI, student loans are deducted, but I get it in theory.

Anonymous

Interesting argument, but not sure that’s really true. It all comes down to the candidate and his experience, and all the above mentioned firms offer outstanding work to cut ones teeth on.

(2)(2)

Anonymous

Yeaaaa Stephensons yeeaaaaa.

(0)(0)

Andrew Leatherbob

An absolute shame that salaries are not any more in line with DWF NQ amounts.

That’s another merger gone…

(0)(0)

Irwin Mitchell equity partner

Can we merge together? Pretty plz?

Just imagine it: ‘DWFIM’.

It sounds sexy, it sounds global, it sounds powerful!

(4)(0)

Anonymous

All these comments are just really, really sad.

There are genuine catastrophes going on the world – and certainly at home. Look at Grenfell tower and the crass inequality it revealed. We live in times of great trauma and poverty for many people.

Is it worth arguing over whether 100k is better than 70k? These are salaries the vast majority of people will never be able to achieve.

(8)(12)

Job share is fair

I’m an NQ and job-share with my mate 2.5 days a week at a reputable legal law UK circle magic firm. We get 100k and share it, 50k each. It is wonderful.

(6)(0)

Anonymous

I’ve always wanted to work for a legal law UK circle magic firm.

(5)(1)

Broflake

Wanting it is probably all you need – Just turn up in your best black suit, brown shoes and skinny tie. They’ll welcome you with open arms.

(5)(0)

Anonymous

In a grey linen suit and wearing brown leather sandals, preferably. Go for the bold ‘Italian’ look.

Logic

Most lawyers earn their money though – they sacrifice their social lives, sanity and health working 18 hour days to get that 100k at a junior level.

The rich inheritees living elsewhere in Kensington are the bigger issue, living in their multi-million pound homes purchased by mummy and daddy,

(15)(0)

Anonymous

There is some truth to this.

However, many of the ‘inheritees’ will themselves be lawyers. Law is a highly restrictive profession dominated by those with the kind of wealthy parents you mention.

(4)(5)

Logic

Well then I really do question their sanity if they have inherited that kind of life yet decide to spend their mid to late 20’s churning out 70-80+ billable hours a week. Unless they are one of those types from such a background who somehow manage to avoid the workload that comes with working at that type of firm. Somehow.

(4)(1)

Anonymous

No one “churns out 70-80+ billable hours a week”, are you fucking mad?

Logic

Okay, perhaps not every week, but plenty will hit a good few times per year.

one of THOSE firms

i must be mad then. which is why they are paying me mad salaries.

Los Hermanos Cojonos

YOU WHAT MATE? I HAVE THE COJONES TO DO IT.

Anonymous

The City is actually fairly meritocratic. You don’t need to come from a wealthy background nor do you need connections. I have “made it” (associate at a good international firm) on almost six figures and I come from a very average background without any legal connections at all.

(9)(1)

Broflake

I second, third, fourth, fifth, nth THIS.

Anon

^ This

(0)(0)

Anonymous

Other firms abroad upping their pay recently. Irish firms pay NQ more now than some MC with less knobs to work with.

(2)(2)

Anonymous

#Brexit #IllTakeYourClientsYouEnglishPricks

(8)(0)

Anonymous

Any quotes on this? Quite interesting to know how much EUR they pay at NQ.

(0)(0)

Anonymous

It’s bollocks. They pay less and in Dublin at least you’re looking at expensive housing not that far off London prices and arguably more demand for flats.

If I was considering Ireland I’d work for a couple of years in London and then work for one of the better firms in Belfast – you’ll take a massive pay cut, but the work is OK and you’ll be able to put down a large deposit on a decent place so your mortgage costs will be low.

(1)(2)

Anonymous

Belfast? But it’s full of Nordies? Have you ever been there pal? It’s fucking grim.

(2)(3)

Anonymous

Easily the best city on the island after Galway.

Anonymous

In the Top 3 firms it ranges.

€70,000 – 90,000 NQ.

€150,000 – €250,000 2-7 PQ

€500,000 – €2,000,000 Partner

Most Irish lawyers are laughing at the state of affairs in London. Loosing big clients by the day who are looking for EU-access lawyers plus we’ve nicer women, less elitism and nicer pints to be fair. I’m glad I turned down CC, Slaughter and May and A&O.

In terms of the quality of work, Irish firms represent the biggest global clients on a daily basis on some of the biggest deals and cases. A&L, for example, are advising on the biggest IPO in Europe at the moment worth €3 Billion.

(4)(9)

Anonymous

lol, what a load of nonsense (Irish lawyer)

(4)(1)

Anonymous

You sound a bit chippy just because nobody on here has heard of your firm. Not even Wikipedia has.

(3)(2)

Anonymous

Such rubbish.

(0)(2)

Arthur Cox Solicitor

I think you’ll find most Irish lawyers do indeed laugh at their English counterparts.

I’m laughing all the way to the bank as a NQ in AC. Those figures are accurate. The difference with the market here is there’s less firms paying that much. Only the top three pay in those ranges, after that the pay does drop off but not much inside the top ten firms. Arthur Cox partners eat cash for breakfast.

English people have historically thought they were leaders in the world in every industry but it’s a sad reality that nowadays they are insular and falling behind the rest of the world. I think if you’re English, it’s hard to realise that. Tories and DUP leading you lads into the abyss.

Anonymous

Right, well I’m actually Irish myself. And those sums are laughably incorrect, but keep trolling way if it makes your day.

Aruther Cox Partner

You’d be surprised. My son recently had a birthday and wrote a wish list of presents. I had to hand it back to the poor fella and tell him to write more – there was no way that I could get away with spending so little on him. Even with the expanded list I had to get him a Lego airport made out of gold Lego bricks. I just don’t know what to do with all this cash that seems to be flying around Ireland after Brexit. Bring on Cheltenham so I have something to throw it at.

Anonymous

To the laughing Irish person, you must be at William Fry, Mason Hayes & Curran, Eversheds, Dillon Eustace or some other shit hole that pays peanuts.

You know what they say, if you pay peanuts, you get monkeys.

Anonymous

“You know what they say, if you pay peanuts, you get monkeys.”

That’s actually quite good, I’ll remember this one when I next wish to vanquish my foes on LC.

Anonymous

People make the same arguments for the Channel Island off-shore firms but, as the part of the deal worked on in these offices is so discrete it’s very hard to move back to a City firm in 2-3 years’ time or whenever you realise Jersey isn’t so sexy without Bergerac’s unbuttoned shirts.

(0)(2)

McCann Fitz Boss Playa

Anonymous

As a future MC trainee, I’ll be gone after qualification unless something changes. Why am I going to waste my life at a MC firm when I can waste my life at a US firm and get paid considerably more?

(4)(1)

Anonymous

Nominally, the MC will offer you a better working environment and better long-term prospects in law. Maybe.

But why not just work for one of the many good City firms with decent money and relatively decent hours? Do you really need the extra £20K or so per year? After a certain whack hits your bank account each month it doesn’t actually make a lot of difference.

(3)(2)

Anonymous

It’s about 40-50k gross at NQ level and the difference gets bigger each year of PQE. MC includes bonuses, US firms don’t. Bonus is much better in US than MC. US bonus a few years in 50-80k on top of base. Such extra cash in most expensive city in the world with artificially ridiculous house prices goes a very long way indeed. Or you can live like a pauper in a US firm and after 10 years have saved c.1.5 million and retire/do something else.

MC doesn’t offer “better working environment” or “better long-term prospects in law”, how laughable. The only thing it offers is a marginally, marginally better chance of making partner, but it’s minute.

(7)(1)

Anonymous

Do you seriously think that’s what it’s like at a UD firm and that those are the sums involved? Laughable.

(0)(1)

Anonymous

Good luck is all I will say. How many City firm trainees do you think feel this way out of the few hundred qualifying each Sep/March? Most US firms have trainees of their own now and recruitment generally amongst US firms in London is lower than it was 5 years’ ago at the junior end because of this. Of course, people do make the move but it’s easier to do at 1-3 PQE than as a NQ.

(5)(0)

Irwin Mitchell equity partner

This.

(1)(0)

David Attenborough

Now, over half of us live in an urban environment. My home, too, is here in the city of London. Looking down on this great metropolis, the ingenuity with which we continue to reshape the surface of our planet is very striking. It’s also very sobering, and reminds me of just how easy it is for us to lose our connection with the natural world. Yet it’s on this connection that the future of both humanity and the natural world will depend. And surely, it is our responsibility to do everything within our power to create a planet that provides a home not just for us, but for all life on Earth.

(8)(0)

Anonymous

Hi David, big fan of your shop’s work.

(4)(0)

Anonymous

To all u haterz (including the shitty Irish peeps here who work at the Micky Mouse Irish firms outside the top 3): deez big Irish balls all up in ur face.

(4)(0)

EU lawyer

Client to City lawyer: “Hi, I may have some work for you for my business in the EU”

City lawyer: “IDK”

(3)(0)

EU lawyer

MC Lawyer: “could I offer you some prestige, hmm?”

(1)(0)

Anonymous

JD Lawyer: Didn’t you see the tie on my door handle – I’m a little busy with my trainee. Come back in five?

(4)(2)

Anonymous

Dover & Luner = 1st yr Associate pay is $190,000

Top that…

(1)(1)

Anonymous

Lol that bizarre shop of like 15 lawyers that only does litigation? You joka.

(0)(0)

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