UK lawyers rush to join US interlopers

Law firms are in danger of losing their best talent to incoming US competitors because they lack a good staff retention policy.

In a survey by recruitment firm TMP QD Legal, in conjunction with The Lawyer magazine, more than eight out of 10 British lawyers say they are very keen to work for the rising number of US firms now establishing a bridgehead in Europe via the UK.

Fewer than half the UK law firms surveyed have an appraisal scheme and even those which do are not always effective – only four out of 10 are viewed as fair and motivational. As a result, 40 per cent of the 350 lawyers surveyed feel good individual performance is not sufficiently rewarded.

By Kathy Watson

Comments are closed.