The Lawyer UK 200 preview: Worst performers: Trowers, Clarke Willmott top of the flops

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  • I don't want to put the boot in when they're down as they're a nice firm from my experience, but CW's results and corresponding pay levels are horrendous. £25k for an FSP! £35k for bottom of equity! Never mind trainees in London, trainees in the North are paid more than this.
    If I had invested my hard earned (or borrowed) cash in a top 100 firm and worked 60/70 hour weeks for a return of £35k per annum, I may be looking at other opportunities, regardless of the firm's culture!

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  • Eye watering figures.
    I'm amazed that any firm can survive when it is paying salaries of £25k for a salaried partner and £35k for an equity partner.
    Given that the floodgates are about to open when Tesco law comes in - I can see many firms outside the top 50 folding.

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  • Well done Mr Adlington.

    In any other business, such fine stewardship would see the bestowing of the Order of the Boot. But not in a law firm with such a small ownership clique and a job for life without regard to performance.

    Of course the Middle East will rebound. But don't forget that you have gutted your Middle East offices to save money. You can always start the hiring process again, but we all know what will happen to those poor sods 2 years down the line when things go bad again.

    Deja vu old chap.

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  • Trowers' Gulf offices have been catastrophically mismanaged by the Trowers old boys...yet they're still in place. It's the ultimate self-preservation society.

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  • I dunno, I think I'd still rather be a Trowers partners on that kind of PEP than at the other firms in the table above. Though a decent share of equity in Scotland at Maclay Murray must provide a very nice standard of living there. The piece talks about Trowers slipping back to 2007/2008 numbers - can think of worse times to fall back to than that? And the PEP at LG seems good despite the drop in turnover. Doesn't that just mean LG are managing themselves more effectively?

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  • Anon@1:59pm:
    PEP at LG has dropped more than turnover! Personally I wouldn't sniff at £412k but I'd be miffed if I'd been on £460k the previous year. None of these firms covered themselves in glory last year. Will be interesting to see what happens in the current year!

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