What a generous bunch they are at the City arm of Latham & Watkins. As reported in the current issue of Legal Week (see story), LA’s finest legal export has come up with salaries in London that appear to make it the highest-paying law firm in Europe. Hell, with the exception of hyper-profitable Wall Street iconoclast Wachtell Lipton – which regards the concept of New York rates as something other people do – Latham’s London assistants are getting paid more than pretty much any assistants anywhere.
The reason is that not only is Latham paying top Wall Street rates – which start at $160,000 (£81,240) – but in London it has chosen to maintain a dollar/sterling conversion rate that has become not so much outdated as antiquated.
