Baker & McKenzie rethinks PQE model for City associates

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  • outrageous, the money for jam year on year approach must continue

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  • This is fundamentally no different from what most other firms in the City do. Yawn.

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  • One point that isn’t mentioned (as far as clients are concerned) is that it is doubtful that Bakers (or any other firm who are "rethinking" their associate pay scale) would be generous enough to pass this on to a client on their bill.... 6PQE associate who doesn’t get promoted will absolutely get billed out at the same rate as the 6PQE who does get promoted..... fair? of course not, but that doesnt matter because associates are simply about margin, right Martin?....

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  • Most top City firms already do this. It's just another example of Baker's playing 'catch up'. They are never first at doing anything - slow to innovate, quicker to copy.

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  • Before law firms look at their PQE models and how they bill their clients. I would like to see a cap on fees that law firms charge their clients, with £200.00 per hour being the maximum amount chargable. This will cover all aspects of work form family law to corporate.
    A reality check and an adjustment in fees is long overdue.

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