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Herbert Smith prepares to cut up to 51 jobs, 23 in corporate

To the poster above, I don't think it's Associates' salaries that are unsustainable - firms like HS should look at their top earners and start asking if they really are worth what they get paid. After all, who is it that does most of the leg work on the average deal in these corporate teams that seem first in line for the chop at these firms.... the Associates. I would challenge anyone that isn't part of the elite circle of partners earning close on a million or more a year (which may or may not apply to HS' top people) that would say those partners are worth what they are paid. Moves like this are done only so the top earners can keep taking their massively over-inflated pay packets year after year, with a little extra if the urge arises....!

30-Apr-2012

7:44 pm