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Business Daily: The $200,000 starting salary

Bulletins

The $200,000 starting salary

28/10/2021 GMT

BBC World Service - Business Daily, The $200,000 starting salary

A high new bar has been set for freshly qualified lawyers at big corporate firms

But signing on the dotted line could mean your life is no longer your own.

How does a $200,000 starting salary sound? That’s now the industry standard for newly qualified lawyers at big corporate law firms in the US and the UK. But before you sign on the dotted line consider that in exchange for your princely wage packet, 100 hour working weeks and being on-call 24 hours a day could be part of that deal. 

So is it all worth it? Elizabeth Hotson speaks to "recovering lawyer" Taly Matiteyahu, whilst Christopher Clark, director of legal head hunting firm, Definitum Search, explains why salaries have got so high and Stephen Parkinson, a senior partner at law firm, Kingsley Napley sets out some alternatives to the status quo. 

Plus, a practising corporate lawyer in New York tells us about his work schedule and Anna Lovett, an Associate Solicitor at law firm Burnetts, tells us about changing attitudes to work. And Charlene Bourliout, an ex-lawyer and burnout consultant offers some strategies for coping with an overwhelming workload. 

Presented and produced by Elizabeth Hotson

Picture description: dollar bills Picture credit: Getty Images

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