Why Are British Partners Fleeing The Magic Circle To Join U.S. Firms?

It's the money, obviously.

onMarch 16, 2018 at 3:15 PMMarch 16, 2018 at 11:23 AM

For some partners, doubling or even trebling their compensation can be attractive because it means they can accelerate their retirement. A young partner can think: either I can be on OK pay for the next 15 years, or I can spend the next 10 or five years on spectacular pay, and then retire.

— Tom Wilkinson, managing partner of legal recruitment firm Wilkinson Partners, commenting on the “increased trickle of talent from English firms to U.S. firms” that’s been occurring in recent years as British lawyers gain a better understanding of U.S. firms, the way they operate, and how much money partners leave on the table by remaining within the Magic Circle.

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Staci Zaretsky has been an editor at Above the Law since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.