Categories:UK,United States

Freshfields banks on White & Case rebels

  • Print
  • Comments (5)

Readers' comments (5)

  • $$ and W&C

    Money and W&C were always like oil and water. They always said they were competitive in the field and paid just like all the other big law firms.
    This is whether you're a partner, an associate or part of general administration. They are not competitive and do NOT pay like other firms.
    There are a lot of ex-W&C employees that can testify.

    Unsuitable or offensive? Report this comment

  • Money Talks

    After all the raking about for the real reason for Maurice's departure, this may nail it: if UK partners at W&C are really paid in dollars then one can see that all this talk of management spats etc have nothing to do with it (or was it just perhaps a smokescreen to add dignity to the cash-related departures). Any W&C partner in the UK paid in dollars would likely be better off in a firm that paid in pounds. Considering the dollar is expected to weaken against the pound for the next year or two it would be no surprise if there wasn't a mass exodus to sterling-paying firms. Must be tough to get your quarterly lump sum of dollars only to see it drop in value before you can even spend it.

    Unsuitable or offensive? Report this comment

  • Hmmmmm......

    Hasn't Maurice Allen done this twice before?

    Unsuitable or offensive? Report this comment

  • Perry Noble's comment

    Surely it isn't just me who finds Perry Noble's comment completely bizarre in the context of Freshfields' practcial strategyfor the last 2 years? How on earth does losing a ton of finance partners square with buidling a first rate banking practice?

    Unsuitable or offensive? Report this comment

  • W&C de facto de-equitization

    It is banal to say that the W&C partners in London are attracted to the pound; currency disparities lie at the heart of W&C's reporting of PEP in dollars.

    The more fundamental problems go to the massive inefficiencies in associate/partner effective productivity levels (the associates are notably inefficient producers at W&C, on a comparitive basis) and the profound malaise suffered by junior partners and mid-level partners who are being de-equitized on a de factor basis (i.e., they are being shoved, if not kicked, down the W&C pyramid of tiered equity partners).

    The W&C London team is commercial, savvy and dynamic - W&C, generally, is not.

    Unsuitable or offensive? Report this comment

Have your say

Mandatory Required Fields

Mandatory

Comments that are in breach or potential breach of our terms and conditions in particular clause 8, may not be published or, if published, may subsequently be taken down. In addition we may remove any comment where a complaint is made in respect of it. These actions are at our sole discretion.

  • Print
  • Comments (5)