With attrition rates still sky high at many City law firms, one boutique is trying to steal a march on its big brothers.
Recently launched technology boutique iLaw is looking to recruit and has hit upon the terribly novel plan of paying associates according to how hard they work – and more importantly how much cash they bring through the door. A bit like a merit-based partner remuneration system. Clever eh?
However, iLaw is going one step further and offering its lucky lawyers half their billings. Even David Cheyne couldn’t negotiate a deal like that.