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I'm assuming your batchmate is fairly junior (less than 3-4 PQE) if she thinks the pay is poor - because it is for the first few years. After that, the banking team at WG has a pretty competitive pay structure and WG is one of the nicer firms to work at. This isn't to say that WG doesn't have it's shortcomings: there are many, but you have it wrong on this specific issue.
Work culture is better at Juris Corp