Tue, 21 May 2013
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US firms' City bases outstrip UK firms' RPL by 50 per cent
The interesting question is: why is this? Even ignoring the outliers, you're still talking about an average of 50% higher RPL if you compare US firms with their UK competitors.
It can't be that the partners/associates at the US firms work longer hours (or at least can't only be this). Do they have higher rates? (surely not) Are they cherry-picking the most profitable work, and so avoiding discounted fee deals? Do they have a more senior associate mix?
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