Half of partners think they're underpaid, BDO study finds

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  • "Money, money, money" and zero business development or innovation; a mere reduction in headcount that's the approach which law firm chose to adopt in the near future. Bravo! I hope ABS will put more pressure on the existing status quo.

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  • Yes. We know that.
    It's the reason why many firms have cut assistant salaries for the past few years.
    In case they're reading, yes we had noticed that turnover was increasing, whilst you were cutting those salaries.

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  • Try having a secretary's salary, talking about being underpaid.

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  • How can people be so greedy! The associates, who are actually doing the actual work, are working much harder than their partners!

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  • Quite why time is lost managing partner remuneration schmes beggars belief. Setting up and running a partner appraisal system linked to a remuneration programme with variables for qualitative and quantitative performance measures should require no more than 2-3 per partner per year. More and it is not being done right - or well. As for the focus on earnings as others have said where is attention to innovation, business development and CPD?

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  • To be fair, I don't think the knee jerk response is the right one. All these respondents are saying is that compared to their firm's position they feel underpaid.
    Take Dickinson Dees for example. For the last few years their PEP has been 4th to 5th highest in Newcastle.
    This must rankle as they're probably the 3rd best law firm in Newcastle. Therefore Dickinson Dees ought to be 3rd in the PEP charts.
    A firm like Muckle, who comes in ahead of Dickinson Dees must feel content. Hence the 50% figure is about what one would expect.

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