“I was a 1PQE litigation associate at a City firm who left in September. Due to change in client circumstances (financial institutions), volume of work at my level plummeted. In other words, I was ‘managed out’/pushed to resign.
“I could start immediately with a permanent job offer with a decent boutique firm, but I would have to take a pay cut of about 25%, and a job at a boutique is not what I would have liked in a perfect world. On the other hand, I have been contacting agents and have got an interview with a ‘proper’ City firm. The interview process would take several weeks. If I am lucky enough to get through, the boutique firm could have looked at somebody else.
