Remuneration deliberations

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  • Rip up the rule book indeed. The RPC firm might only be 'correcting an anomaly internally' but this gradual rule breaking is what shapes the market and makes it harder for those stuck in the mud to keep pace. It strikes me that those who assert that it's hard to assess the merits of a junior lawyer after two years must have a problem with their approach to assessment. Two years is hardly a speed dating exercise. Perhaps they wish they'd thought of it first.

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  • Richard Simmons' article exposes all the right issues in this debate. There are too many lawyers everywhere but particularly in the UK and they are generally overpaid. Clients will pay top dollar for the right ones and that weeding process can't start too soon. Whichever firm goes first in correcting this anomaly has made the right decision and any firm committed to paying £100k irrespective of merit has made the wrong decision.

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  • It looks like the US firms are even further behind than UK firms. Isn't it obvious that the only voice that matters here is the client's? If the market wants the best value whether it's plump ripe tomatoes or newly qualified lawyers, the better pickers will go for the best of the crop for their eventual customers and ensure they don't overpay along the way.

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  • Too many lawyers? Probably but I struggle to find a good one. Those who are technically clever act like operatic prima donnas and those who are decent people to approach are rarely smart enough. What's needed is a firm with have great lawyers who are nice people - Oxymoron?

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