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Originally Posted by blankall
If what you're saying is true, you'd expect the numbers across the board to reflect that. Is there more litigation work in Calgary? Are the billing rates different? What is driving this suppossed increase in salary across the board.
A person working in insurance litigation is arbitrarily going to be making twice as much in Calgary than Vancouver despite working comparable hours? And the line between O&G work and non O&G work is not arbitrary. It's a huge industry with a huge amount of billable hours. The larger companies have excessive amounts of money to spend on legal fees that companies in other industries don't. And no, the corporate work is not he same. You're dealing with major government and environmental issues you won't find in other industries.
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Well first of all "corporate work" is such an expansive term that we could be talking about anything. The fact that your client is in O&G doesn't necessarily have anything to do with the work you do, you could quite easily be doing exclusively finance work. Things like environmental aren't likely to be handled by general corporate associates, they'll be handled by people who specialize in those areas. The legal issues on a typical debt offering or other capital markets type matter aren't going to be that different for an O&G company and a company like Lululemon. The risks and other disclosures will obviously be very different, but the operation of the financial and legal parts aren't all that tied to the industry of the issuer.