Editor’s weekly: Fair pay

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  • It's totally fair that they earn the same. The work of corporate lawyers is often a lot less demanding than that of other departments - whilst the hours are longer the technical expertise demanded is a lot less. From my experiences of corporate and banking it's often just about stamina and who can stay awake the longest whereas you need a certain level of intelligence to work in other departments....

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  • Lawer2B, you have GOT to be kidding if you think Corporate have it tough at the moment and 'non-transactional' Litigation teams are coasting along. Qualifying, or even training, in Litigation right now will be a sharp wake-up call for anyone who thinks that it involves lunches with clients and evenings at the theatre. Litigation is counter-cyclical which means that when the economy is tanking, Litigation is thriving. Unfortunately, this has to happen on the reduced team numbers that transactional partners will allow of it's contentious counterpart just before the bubble bursts.

    Perhaps Corporate lawyers should be paid more for the mundanity of their work, but that's a completely different argument.

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  • In my experience, firms tend to conceal a pay differential by grading corporate assistants a band higher than their peers of equal ability in other departments; and they also operate a bonus system based on chargeable hours which favours those doing transactional work. So the poor little darlings get some recompense for those lost weekends after all.

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  • "Enjoy more regular working hours"? Give me a break, that is utter cobblers. Has the person writing this misconceived article ever worked in a major city law firm? If you think big ticket litigation is any less demanding, both in terms of hours and in terms of intellect, than corporate transactions then you are a fool.

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  • Tuttifruti - for the record I worked as a corporate lawyer in a magic circle firm before I changed careers to become a journalist so contrary to what you think I do know what I'm talking about - granted there are probably a number of corporate lawyers sitting around without much to do. But when the boom times return I'm sure that will change again. So rather you're the fool.....

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  • lol@Husnara! I love it when someone proves someone wrong :D

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