Quote:
Originally Posted by Unregistered
It's also a function of how the local firms are so heavily tilted towards lining the pockets of the senior ranks, especially the EPs. Many of them earn more than their equivalents in international firms, and they can well afford to increase junior associates' pay, but they simply choose not to.
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I guess this may be true.
If our local firms' pay were more evenly distributed as in the Anglo firms, then average profit per equity partner (PEP) for one of our local Big4 firms is likely to be equivalent to a Midlands or Northern UK firm, e.g. those headquartered outside London in cities like Birmingham, Leeds or Manchester. Firms like Shoosmiths, Mills & Reeve, Burges Salmon, Hill Dickinson.