Let's Talk About Law Firm Salary | Commercial Awareness Series #2

⚠️Commercial Awareness Alert for training contract/vacation scheme applicants and law students ⚠️

1. The City Pay War 0:49
2. 'Lockstep' System (firms e.g. Linklaters, Slaughter and May, Cleary Gottlieb, Davis Polk, Debevoise & Plimpton) 2:33
3. 'Eat What You Kill' System (firms e.g. Kirkland & Ellis) 5:52
4. 'Modified Lockstep' System (firms e.g. Freshfields, Clifford Chance, Herbert Smith Freehills, Hogan Lovells, Ashurst) 8:43

The City Pay War, Lockstep System, 'Eat What You Kill' System, Modified Lockstep etc

If you are not familiar with any of these terms, you have to watch this video. When it comes to law firm salary, many aspiring lawyers only pay attention to how much a firm pays its lawyers. However, you don't realise that how a law firm remunerates its lawyers may also affect the firm's culture. You can even distinguish one firm from another firm based on the remuneration model it uses.

// S U B S C R I B E.

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