Davis Polk joins NQ £100k club with London trainee programme

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  • At least they'll be able to buy a house with their ridiculously high salaries.

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  • First worked across DP 15yrs ago as a trainee, always been impressed. Somehow doubt they do anything, including English law and laying foundations of organic English growth, without careful thought. Not sure why clients / GC's should particularly care if a firm chooses to spend profits on this (and, personally, I'm not entirely sure 100K cash makes sense - although HMRC won't complain!). Clients / GC's choose who, and how much, they want to pay for their legal services based on perceived value and market, and direct their instructions accordingly.

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  • Why wouldn't you take 100K if you were offered it? Davis Polk are equal to any UK firm in prestige. Why would the firm pay that much? Ask them - I suspect they thought it through. Why would clients pay that much? Davis Polk will have addressed that as well. Worth remembering that no one blinks at NQ salaries approacing 70K. Adding another 30K isn't going to cause an earthquake. The anger and incredulity these pay offers seemingly provoke say more about the law of envy than anything else. Which is of course what drives City law.

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  • I think if TFL looks at The Lawyers article a few weeks back you'll that the likes of S&C, Cleary and Davis Polk are not only as good as the UK magic circle, but they are already in the global elite and not all of the UK magic circle have or will be. There is a new legal world order: wake up and smell the coffee. Those in the elite work and play hard, are in a different place and command higher salaries for their ability, drive and commitment. Pretty obvious stuff really.

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  • I couldn't agree more. My friend has just joined a white shoe firm and has commented many times on the different space they occupy, strength of brand and depth of relationships with clients.

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  • Does anyone have the link to the article Anonymous 11.52 is referring to?

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  • I am sorry, but clients' are likely to look aghast at paying whatever the chargeout rate is for this. What work will these lawyers be able to do as NQs?

    Not having trained in MC, some one will tell me I am not in a position to understand the ability and drive of their lawyers. I have instructed them, however, and often don't understand where the ability went..

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  • With written English like yours, Eric, you might want to give Davis Polk NQs the benefit of the doubt.

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