Peters & Peters

Low pay for UK financial crime prosecutors hits efforts to hire top talent

The Financial Times discusses in this article how the pay for financial crime prosecutors in the UK is low in comparison to their private sector counterparts, making it less desirable for lawyers in the private sector to consider moving unless the public sector can demonstrate that there is non-monetary value to be gained.


This would indicate one of the reasons public bodies like the Serious Fraud Office and Financial Conduct Authority may sometimes struggle to find the right person when recruiting for new roles.


Nick Vamos is quoted as saying, “Almost everybody considering a move into the public sector would take a pay cut.” And, “that might be worth it if you could in a few years leverage it into a really good job back in private practice. In the UK you are taking a risk that this will be the case.”


Please note that the article is behind a paywall.