Asia-Pacific

Check out this week's top Asia-Pacific news on the Asia Pacific Headline page.
  

Follow RoF

For all the breaking news, follow RoF on Twitter and Facebook

         
   
  

Glamour

Glamour
The legendary Glamorous Solicitor showcases the style, the beauty and the sophistication for which the legal profession is so rightly known.
  
  

Europe News

Send Us Your News
Exclusive - College of Law pays its CEO over £400k
11 June 2010
Rate it
0

The College of Law has released its accounts for 2009, revealing that Chief Executive Nigel Savage has received a  financial-crisis-busting 40% payrise. That means he takes home £440,000 in salary and bonuses - and that's before any pension contributions and extra-large wallet allowances are taken into account.

The gravy train continues throughout the management board. Deputy chief exec Alan Humphreys received a generous 33% uplift to £410,000, and every member of the seven-strong board is paid more than £190,000 - an average of £275,000 each.

    Mr Savage on the way to pick up his salary, followed closely by his colleagues

The College of Law is a charity, and so its governors decide on management remuneration, acting in the best interests of the charity. David Yates, chairman of the governors, told RollOnFriday that the College received advice on remuneration and benchmarked its salaries against comparable organisations and its private sector competitors (his full statement can be read here).

However Savage is pocketing more than the Vice Chancellor of every UK university (other than the London Business School), and almost double what  the Vice Chancellor of Cambridge takes home. Amongst charities, Cancer Research UK only pays its boss a modest £270,000, the National Trust pays £160,000 and Oxfam pays a piffling £108,000. And RollOnFriday can reveal he gets four times the pay of the chief executive of a certain leading private law school. So the College has done some pretty crafty benchmarking.

The CoL's students, most of whom pay their fees out of their own pockets, may wonder whether these salaries are really justifiable. The Charities Commission told RollOnFriday that it will investigate instances of "charities deliberately being used for significant private advantage" and that members of the public were free to make a complaint if they wished to do so.
 
  

Comments

Feel free to enter your comments on the news story below, subject to our terms and conditions. Please note that comments are subject to moderation and so will not appear immediately.

Please keep it nice. Thanks.

Order By:
anonymous user
25/07/2014 09:26
Rate it
1
Report as offensive
That is hilarious. No, wait, I mean terrible. That is terrible.
anonymous user
25/07/2014 11:16
Rate it
0
Report as offensive
The funniest story by far. No, sorry, saddest. Saddest story by far.
anonymous user
25/07/2014 11:48
Rate it
0
Report as offensive
Funny, but a bit harsh on the current management team of the firm who seem to have done nothing worse than fail to correct their documentation after taking over.
anonymous user
25/07/2014 14:13
Rate it
5
Report as offensive
Not only a poor taste joke, but a poor quality one. The essence of a good "comedy" name is that it actually resembles a name. Claude Balls the lion tamer; Rudolph Hucker the angry old man etc. Thikas Toosh Ortplanks is a pathetic effort. I wonder what Raleys use in training materials for a fictional member of their own staff - Mr Gorm Lessnorth Erntwat, perhaps?
anonymous user
25/07/2014 15:29
Rate it
1
Report as offensive
Sense of humour failure I think! As a client of law firms, I don't think we'd react like that - hope not anyway!
anonymous user
25/07/2014 16:37
Rate it
0
Report as offensive
what else did they think would happen? Thisd could have been leaked by anyone working there and to show such disdain for such a valuable client is utterly ridiculous. Stupid tw@ts
  

Weekly Email Update

To receive a weekly European email update, please login or register to RollOnFriday.