The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Currently, only trainees and NQs have a fixed salary at RPC, with those higher up the chain already rewarded through a merit-based system.
Managing partner Jonathan Watmough said: “The idea that people are all the same is completely barmy. When people are all different, why should there be a one-size-fits-all system? It’s completely unfair and doesn’t reward the really high performers.
He added: “The concept of the flat rate has passed its sell-by date and no longer has any integrity. It doesn’t recognise the different merits of individual NQs, nor does it recognise the market variances between the different branches of law into which they will qualify. Crucially, it does not take into account the pressures clients are under to obtain value from their suppliers.”