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Bingham shocks market with NQ salary of £100K

Does it matter? It's Bingham's money and if they want to spend it on higher salaries then let them. Pay must be related to profitability somewhere along the line and the fact US firms pay so much more indicates that they are better at squaring their figures than UK firms. UK firms are getting left behind and when/if the market picks up they will need to think hard about trying to bridge the gap or risk losing talent to credible US firms who are now establishing their brands in London and other key financial centres outside of the states. I do agree with the post about doctors earning less and it being unfair, however the salaries of medical professionals have never been a determining factor of private practice pay and I suspect that that will continue to remain the case!

15-Feb-2010

12:29 pm