‘Strong pipeline’: pay bump for A&O trainees and associates amid 80% retention rate Nathalie Tidman Allen & Overy has become the latest Magic Circle firm to announce pay increases for its trainees and newly qualified…
Associate pay: Freshfields joins salary race as global firms jostle for talent in US Thomas Alan More details are emerging on associate pay at Magic Circle firms as Freshfields Bruckhaus Deringer has joined the list of firms…
Milbank bids up associate pay as surprise moves takes City associates to new $190k benchmark Marco Cillario Despite much talk of client pressure on fees the determination to recruit top associates continues to build with one leading…
Gender diversity: pay gaps revealed at Addleshaw Goddard, Mishcon de Reya and Gowling WLG Hamish McNicol A fuller picture of the legal industry’s gender pay gap issue is emerging as Addleshaw Goddard, Mishcon de Reya and Gowling…
Gender diversity: Allen & Overy faring better than rivals as it reveals 20% pay gap Nathalie Tidman Allen & Overy has become the latest magic circle firm to reveal the sizeable gulf between male and female employee…
For what they’re worth – Links, 2Birds and Pinsents among law firms disclosing chunky gender pay gaps Marco Cillario The UK’s top law firms have begun disclosing figures on gender pay gaps, with an initial round of numbers showing…
Slaughters unveils five-figure bonus awards as junior lawyers’ pay edges higher Tom Baker In the latest sign of pressure to secure the best young talent, Slaughter and May has confirmed it is to…
A dramatic break with lockstep for Freshfields but will it be enough to galvanise the City giant? Nathalie Tidman Nathalie Tidman assesses the Magic Circle firm’s high-stakes partnership shake-up ‘Freshfields has overhauled its partnership for two reasons – to…
Goodbye lockstep – HSF latest City leader to give richer rewards for rainmakers Tom Baker Herbert Smith Freehills (HSF) has backed a shake-up of its partnership that will boost top performers’ earnings by a third, hiking…
Profitability drive sees DAC Beachcroft hike bonuses to incentivise top performers Marco Cillario DAC Beachcroft will reward top-performing partners with more generous bonuses after the top-25 Legal Business 100 firm voted through changes…
Squaring the Circle: A&O and CC confirm more details as associate pay is stoked higher Tom Baker A little more light has emerged on the going rate for junior lawyers at the Magic Circle, with Allen &…
Freshfields freezes associate pay bands after 2016 largesse but battle for top juniors to intensify Madeleine Farman Amid a simmering market for junior City lawyers, Freshfields Bruckhaus Deringer has opted to hold the line on associate salaries following a…
Ince’s new partner bonus pool sees top of equity jump 28% Madeleine Farman Ince & Co has made use of its new bonus pool for the first time, with the firm allocating around one…
20% hike at Vinson pushes associate starting pay to £120k as US leaders heat up City talent market Georgiana Tudor Vinson & Elkins(V&E) has increased its London associate and trainee solicitor salary levels, boosting newly qualified salaries 20% to £120,000 and first-year…
Ashurst to retain 95% of autumn trainees as newly-qualifieds as junior pay boosted Madeleine Farman Ashurst has retained 95% of its 20-strong second year trainee cohort, with 19 of those in London accepting permanent newly-qualified…
King & Spalding partner Wray discloses $9.2m earnings before confirmation as FBI head Legal Business King & Spalding litigation partner Christopher Wray, nominated as FBI director, earned $9.2m for his partnership share over the last…
Akin Gump reveals trainee salary increases, as NQ pay remains static yet competitive Georgiana Tudor Akin Gump has increased trainee salaries by 12% and 8% for first and second years respectively, with the group representing the…
Travers, Macfarlanes and Jones Day boost junior lawyers pay while HSF and CMS freeze associate salaries Legal Business Travers Smith, Macfarlanes and Jones Day have all boosted their junior lawyers pay in this year’s review, in contrast to…
Magic Circle pay watch: Links edges up associate salaries, Slaughters holds and CC gets coy Georgiana Tudor Pay rises continue to ripple through the top-end legal services market despite the uncertain outlook for the City. The latest…
Hogan Lovells hikes NQ pay by 5% in latest round of City increases Legal Business Hogan Lovells’ UK newly-qualified (NQ) lawyers pay has risen 5%, as the firm increases junior associates’ salaries.
