Categories:UK

US firms stake City future on organic growth

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Readers' comments (5)

  • Young recruits should stay in the UK

    I couldn't care less if US law firms are coming over here. London has some of the best lawyers in the world and will be able to compete. What I do care about is if there are law firms coming over and hoovering up our young recruits. That’s just unfair on them. They will be learning from a US firm used to US ways, that can be very different to the way we conduct ourselves in London.

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  • Career prospects

    Lateral hires send the wrong signals to existing staff but will they fill the void with trainees? I'm not so sure.

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  • Young recruits should stay in the UK (and work at US law fims)!

    In response to the Magic circle partner below, I am an associate in the London office of a US law firm. We have very few US lawyers over here and the people that I am learning from are all UK lawyers who came to this firm from magic circle/top law firm backgrounds in the UK. The only difference between learning from them and learning at a magic circle firm as far as I can see is that (a) they are a lot more involved in bringing on their younger associates and training them; and (b) they pay us a lot more than any magic circle firm would. The result is a much lower attrition rate.

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  • US firms' London trainees

    This strategy will be difficult for US firms in London. Will US headquarters really be willing to take on the cost of increasing trainees in London? The US doesn't have the model and so you could find these headquarters quite unsusceptable to this kind of strategy.

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  • US firms London trainees

    All I can say as a South African lawyer, is that you must be grateful that you are not doing your articles in South Africa. The average pay ranges from ZAR 3000 per month to ZAR 15 000 per month (i.e. £250 - £1000 per month). Most first year solicitors here earn more than the partners at some of the largest firms in South Africa. The United Kingdom is recruiting some of our best young talent. For example, about 15 out of 70 graduates from my year at a prominent South African university work in London.

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