"London, you're not as great as everyone thinks," I said to my friends. "My pay is higher than yours."
A few years ago, overseas firms were all the rage in America. The golden era of business was booming and everyone wanted to get their hands on a piece of the pie. The US had no choice but to buckle down and compete with these firms who were taking over the American market at an alarming rate. When it was discovered that many UK law firms just weren't up for the task--they came out swinging, UK found themselves too embarrassed to continue fighting after only a few rounds with the American lawyers across the pond.
It's a common misconception that London is the highest paying city for lawyers. In fact, it's their American counterparts who are pulling in the big bucks. According to recent data released by Salary Finder, US law firms pay an average of $124,000 annually whereas London-based firms have a median salary of £65,000. This means that if you want to get rich quick as a lawyer then your best bet is heading over to America and making up some crazy story about how they need you there right now or else all their laws will go out the window!
Written by Sean Nicholson