Freshfields halves City promotions in 20-strong global round

  • Print
  • Comments (10)

Readers' comments (10)

  • So five promotions in London. Which has over 100 trainees per year. And inevitably some of those promoted will have trained elsewhere.
    This business model will collapse in on itself before much longer unless associate hours start falling considerably.

    Unsuitable or offensive? Report this comment

  • I agree, the hours v pay in the magic circle is ridiculous, but I dont think the business model will collapse (nor will any radical changes be made) any time soon. Thats just life in a big City firm, its ALL about partnership.

    Unsuitable or offensive? Report this comment

  • @Anon
    How many of the 100 trainees per year are still around at the right time to be even considered for partnership?
    20 at most I'd reckon.

    Unsuitable or offensive? Report this comment

  • The market is such that the 7-10 pqe lawyers don't have the options you might think... staying put on 200k isn't such a bad option.

    Unsuitable or offensive? Report this comment

  • hello there have so nice and excellent blog i really like it and you have very important review for new york business lawyers i am so impressed thanks for your posting thanks..

    Unsuitable or offensive? Report this comment

  • Since when where 7yr PQE lawyers on 200k? more like 115k + 10% bonus.....
    For sums like that, no wonder 100k for an US NQ sounds so appealing

    Unsuitable or offensive? Report this comment

  • The "City law firm" model is collapsing under the weight of its own greed and short-termism.
    Chinese law firms are far more likely to dominate the global market in the future than the likes of Freshfields. Their domestic market will shortly be multiples larger, and they are far more focused on market share than the interests of a greedy few at top.

    Unsuitable or offensive? Report this comment

  • @anon:

    The key reason why city law firms and US law firms are dominating the international legal services market is that English law and New York law are the 'currency' of international transactions. Due to linguistic, cultural and political reasons I don't think that PRC law is ever going to have the same importance. Or what do you think?

    Unsuitable or offensive? Report this comment

  • 115k for 7 years PQE is a bit crap really when you consider the hours and tedium involved. Glad I don't work at Freshfields.

    Unsuitable or offensive? Report this comment

  • It is likely that some of the lawyers promoted overseas worked in the London office before being shipped abroad on a promise of partnership.

    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 (10)