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To think that no newly qualified lawyer can be worth a salary of £150k?

257 replies

Molemole · 18/05/2024 09:17

I’m a private practise solicitor in the south west. I serve my community and have worked my way up to partner in our small firm. Aged 56 I make £60k a year.

I’ve just read that lawyers at snobby london firms like Freshfields and Linklaters are now paying their trainees more than me. They are paying newly qualified lawyers £150k plus bonus.

How can anyone be worth that with 6 months experience in that area?

OP posts:
MyrtlethePurpleTurtle · 18/05/2024 16:50

Greybeardy · 18/05/2024 15:44

with insight that it's off topic... it makes junior doctors seem pretty cheap!

Yes, it does (and I think it is fairly on topic!)

MyrtlethePurpleTurtle · 18/05/2024 16:49

TheLastTimeEver · 18/05/2024 15:19

This. You sound about 12.

I’m a solicitor and trained and qualified at a magic circle firm. The hours I worked were insane - even as a trainee and a NQ.

High street solicitors work very hard but I’ve yet to hear of one pulling an all nighter or working anything close to the hours of even a trainee at the top US and MC firms.

Unfortunately it’s necessary for us to have these firms with their crazy hours and crazy salaries to support London as a major financial centre. Without it this country would suffer immeasurably.

Presumably when you did your law degree or conversion course in the 1990s you made a choice to go into provincial practice rather than applying for top London firms (assuming you had a 2:1 or 1st from an RG or Oxbridge uni).

Unfortunately it’s necessary for us to have these firms with their crazy hours and crazy salaries to support London as a major financial centre. Without it this country would suffer immeasurably.

I think the City would function fine and London too without the 'crazy hours' and 'crazy salaries'.

Reminds me (in reverse) of the arguments that the UK's economy would be irrevocably damaged if a minimum wage were brought in or that civil liberties permanently eroded if compulsory seatbelt wearing brought in

RadRad · 18/05/2024 16:40

MissScarletInTheBallroom · 18/05/2024 15:56

In my experience young people with tons of family money are less keen to squander their youth and life outside of work chasing a very high salary when mummy and daddy will buy them a house anyway. The people in these jobs tend to be from pretty normal backgrounds.

If you perhaps define “normal”, we can agree, but based on that demographics summary I have just read, at least 42% come from independent schools or state selective, and I am willing to bet my salary that the independents would be the top 10 elitist schools in the country, not your average around the corner indie. I come from a “normal” background and I don’t know anyone who has a starting salary of £150k, it’s just another way for the privileged to pat themselves on the back how privileged they are, chucking into the mix some students from state (20% apparently) for diversity no doubt!

Bouliegirls · 18/05/2024 16:27

You sound very bitter. I imagine they are worked very hard for that £150k

Marjoriefrobisher · 18/05/2024 16:21

RadRad · 18/05/2024 16:17

Thanks, this summary tells me that at least 42% came from Indies/ selective states, if I don’t include the 5% who didn’t disclose and the 20% from abroad who likely did too in some shape and form, plus only 20% are first generation to attend uni, what a shocker!

As others have noted it’s very competitive and intellectually demanding work; it’s unsurprising a large proportion attended selective schools.

renthead · 18/05/2024 16:21

A partner in a firm of solicitors who uses the term "snobby London firms"... OK then

RadRad · 18/05/2024 16:17

Thanks, this summary tells me that at least 42% came from Indies/ selective states, if I don’t include the 5% who didn’t disclose and the 20% from abroad who likely did too in some shape and form, plus only 20% are first generation to attend uni, what a shocker!

JaninaDuszejko · 18/05/2024 16:08

People in London get paid lots shocker. They also work ridiculously long hours and live in shoeboxes. Their lives are not to be envied.

Slav80 · 18/05/2024 16:06

I don’t know why we as a society value so highly some professions and not others, it’s said here that the trainees work 24/7, it’s stressful etc., but so are many other a lot less paid professions at a start level (NHS comes to mind and these people save lives, not helping the rich getting richer).

Marjoriefrobisher · 18/05/2024 16:03

parkrun500club · 18/05/2024 15:59

Me neither, DH and I very strongly recommended that our son did not do law.

My mum was annoyed with me because she thinks it's a good thing to do, but I wouldn't say it's particularly agreed with me, and I think it would agree with my son even less. Fortunately I've found roles that do agree with me but still in the legal sector.

That’s good. I enjoyed working in government. The hours could be long but the work was very interesting and people behaved well to each other on the whole.
PP and inhouse much less pleasant.

CarterBeatsTheDevil · 18/05/2024 16:02

thecatsthecats · 18/05/2024 09:23

If you pay someone that much, you own them.

My friend worked for Freshfields as a new graduate til her thirties. 100 hour weeks were a regular occurrence.

When was the last time you left work, went home to sleep for 45m, then got up to respond to a client call and started working again?

Plus she's bloody intelligent. I'd put money on her being smarter than you because she's smarter than most people.

I've run businesses. It's as simple as "if I pay this person 10k, 20k, 30k, 100k whatever, they will bring more than that money into the business". The number doesn't matter.

I agree. It's danger money. Massively stressful and exhausting.

Marjoriefrobisher · 18/05/2024 16:01

parkrun500club · 18/05/2024 15:58

Most of the time it can wait - it's just a macho thing to demand things on a Friday evening and expect it by 9am on a Monday morning even if you can't look at it until say Wednesday.

I always asked when you are going to look at the work, and usually found that I got a deadline pushed back. Funny that. And equally I only ask for something so that I have time to look at it myself before my deadline, I don't set deadlines for the sake of it.

I don't see why other people should compensate for someone else's bad planning. But they do get paid a lot to deal with nasty clients.

Yes, I have seen in house lawyers regard it as a right to make unreasonable demands of and behave rudely towards external counsel. Like it’s part of what you pay for.
often a sense of inferiority underlying this behaviour.

parkrun500club · 18/05/2024 16:00

It's not a race to the bottom. We constantly say how people in other lines of work should be better paid for what they do. Let's focus on increasing wages across the board rather than pushing the bar down

I do agree with this part of your post though.

parkrun500club · 18/05/2024 15:59

Marjoriefrobisher · 18/05/2024 15:58

Tru dis. Law can be an interesting job but so many of the environments you do it in are toxic. People do start to lose sight of what matters and sometimes behave very badly to each other.
i wouldn’t recommend it to either of my kids.

Me neither, DH and I very strongly recommended that our son did not do law.

My mum was annoyed with me because she thinks it's a good thing to do, but I wouldn't say it's particularly agreed with me, and I think it would agree with my son even less. Fortunately I've found roles that do agree with me but still in the legal sector.

LittleBearPad · 18/05/2024 15:59

RadRad · 18/05/2024 15:52

Your bitterness aside, it would be interesting to see the demographics they hire, I bet there’s little diversity and they are all from a certain “mould”.

Here’s an example

https://www.freshfields.com/494c9e/globalassets/about-us/rb/report-pdfs/uk-diversity-statistics-2023.pdf

https://www.freshfields.com/494c9e/globalassets/about-us/rb/report-pdfs/uk-diversity-statistics-2023.pdf

parkrun500club · 18/05/2024 15:58

MissScarletInTheBallroom · 18/05/2024 15:56

In my experience young people with tons of family money are less keen to squander their youth and life outside of work chasing a very high salary when mummy and daddy will buy them a house anyway. The people in these jobs tend to be from pretty normal backgrounds.

Yes I'd say they are a lot more diverse than your average firm in Devon.

parkrun500club · 18/05/2024 15:58

LittleBearPad · 18/05/2024 15:45

Shift systems don’t work as the information in people’s heads is key to doing the job quickly.

Most of the time it can wait - it's just a macho thing to demand things on a Friday evening and expect it by 9am on a Monday morning even if you can't look at it until say Wednesday.

I always asked when you are going to look at the work, and usually found that I got a deadline pushed back. Funny that. And equally I only ask for something so that I have time to look at it myself before my deadline, I don't set deadlines for the sake of it.

I don't see why other people should compensate for someone else's bad planning. But they do get paid a lot to deal with nasty clients.

Marjoriefrobisher · 18/05/2024 15:58

DownWithThisKindOfThing · 18/05/2024 13:04

Probably not but they’ll expect their pound of flesh for it, toxic work environment and burn out beckons. Look at that poor woman who was a partner in Pinsents who tragically took her own life. Not for me thanks. I work to live not live to work and am happy with my role and salary. A lot of other lawyers I know are funny people though and their self worth is tied up in how much they slog their guts out to benefit other people, for work that at the end of the day no one dies if they don’t do.

Tru dis. Law can be an interesting job but so many of the environments you do it in are toxic. People do start to lose sight of what matters and sometimes behave very badly to each other.
i wouldn’t recommend it to either of my kids.

MissScarletInTheBallroom · 18/05/2024 15:56

RadRad · 18/05/2024 15:52

Your bitterness aside, it would be interesting to see the demographics they hire, I bet there’s little diversity and they are all from a certain “mould”.

In my experience young people with tons of family money are less keen to squander their youth and life outside of work chasing a very high salary when mummy and daddy will buy them a house anyway. The people in these jobs tend to be from pretty normal backgrounds.

WednesburyUnreasonable · 18/05/2024 15:55

Everyone has already covered most of what I’d say but I will commend OP for the fact that if this is the first time they are hearing of this, they obviously spend less time inanely scrolling the comments section of legalcheek / RoF than I do.

parkrun500club · 18/05/2024 15:54

zimmericious · 18/05/2024 11:25

I am in-house and instruct these firms. I don't care about salaries all I care about is that the work gets done and before the deadline. I send them huge pieces of work with little to no notice and if it gets to them on a Saturday they have to get their team in place and start working.

The average hourly rate for a partner is over 2k and I don't know the rates for more junior lawyers.

They never have the ability to say no we can't do it - if they want the money for their hourly rates they simply have to resource as much as they can and get it done.

Is an NQ worth it in terms of skills and expertise - possibly not. Do I think they need a certain level of compensation that is equitable when you look at the money the equity partners are taking home off the back of their hard work - yes. You can't have the partners on multiple millions a year and have the juniors who do the grunt work on 60k.

They send me the bill, it is eye watering, we haggle a bit over the amount and then it is paid. We all make money and go home. And then I send another email at 7pm on a Friday saying urgent urgent and the nqs cancel their weekend plans again.

It's not a race to the bottom. We constantly say how people in other lines of work should be better paid for what they do. Let's focus on increasing wages across the board rather than pushing the bar down.

Do you think you get good advice with that attitude towards your service providers?

Most in-house lawyers are a bit more cognisant of the fact that if you want a good job doing, people have to be well rested.

I don't believe for a minute that all these things are that urgent. Thank goodness I don't do client-facing work anymore.

So much for the legal profession taking more care in the wake of the Vanessa Ford case. I thought better of in-house lawyers.

RadRad · 18/05/2024 15:52

Your bitterness aside, it would be interesting to see the demographics they hire, I bet there’s little diversity and they are all from a certain “mould”.

Mexicola · 18/05/2024 15:48

If you’re a partner in the south west and you’re only earning £60k a year then you’re doing something wrong.

I’m in the midlands, qualified 2.5 years on just under £50k in a legally aided practice area and have a fabulous work/life balance.

Work for someone else again and negotiate a decent salary.

TheaBrandt · 18/05/2024 15:48

The client is paying top dollar to close deals at particular time for the markets etc plus what I did was international so on one deal working with NY Singapore etc so just as you want to leave they pop up I worked round the clock sometimes.

A lovely trustafarian friend of Dh explained how I would never had experienced tiredness like I would with a new born. Err I had actually!

LittleBearPad · 18/05/2024 15:45

Bjorkdidit · 18/05/2024 15:14

But why does it need to be done at the weekend? This is not life and death stuff. Surely it can wait until office hours?

Or if it can't wait and is actually an emergency then you need a proper shift system so people aren't working stupid hours.

Struggling to understand why it has to be like this.

Shift systems don’t work as the information in people’s heads is key to doing the job quickly.

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