‘Competitive remuneration key’: White & Case hikes associate pay with NQs seeing a 17% increase Legal Business White & Case‘s London associates have seen a significant increase in their pay with the US firm awarding its newly…
Playing catch-up: CC to push on with remuneration changes Legal Business While its Magic Circle peers have made significant progress with modifying their locksteps to attract and retain talent, Clifford Chance…
Eversheds average member remuneration drops 10% to £386,000, as staff costs increase 16% to £174m Kathryn McCann Eversheds LLP’s have revealed that the firm’s average remuneration per member has dropped 10% from £410,000 to £386,000 as the…
Lawyers on Demand records double-digit revenue growth as top-end salaries soar Legal Business Lawyers on Demand (LOD) has recorded an 18% upsurge in turnover for the 2015/16 financial year, according to its latest…
A&O management sees a 7% increase to pay amid modest revenue growth Madeleine Farman Allen & Overy‘s (A&O) c-suite including its senior partner and managing partner, global practice heads and support directors took home…
LLP latest: Scots deal adds £7m to Clydes bottom line as highest-paid member takes home £1.4m Legal Business Clyde & Co‘s highest-paid LLP member received £1.4m during the last financial year, while its merger with Simpson & Marwick…
LLP accounts: Holman Fenwick slashes top member pay as Fieldfisher boosts leadership remuneration Legal Business The latest release of firm LLP accounts at Companies House has seen Holman Fenwick Willian drastically reduce pay to its…
Barclays blocks pay for all KWM Europe staff as partnership continues toward administration Legal Business Staff at King & Wood Mallesons‘ (KWM) European partnership will be left without salary payments following the breakdown of negotiations…
Leadership pay at Clifford Chance up 7% in 2015/16 after falling the year before Matthew Field Clifford Chance‘s (CC) 12-strong executive leadership group saw their combined pay packets increase by 7% to £15m, the firm’s LLP…
‘Overwhelming support’: Ashurst votes for annual profit payouts Victoria Young Partners at Ashurst have voted in favour of a single yearly profit payment to replace quarterly distributions.
US bonuses: Simpson and Davis Polk match Cravath rewards of up to $100,000 for associates Legal Business Leading Wall Street firms have begun announcing their 2016 year-end associate bonuses with Cravath, Swaine & Moore leading the way…
Ashurst shakes up payment model following halted quarterly payments Madeleine Farman Ashurst is to get rid of its quarterly profit distributions in favour of a single yearly profit payment, in a…
Government proposes 15% pay raise for judges to battle recruitment crisis Legal Business With members of the judiciary the target of spiteful press coverage just weeks ago following the Brexit High Court ruling,…
Bond Dickinson latest to restart salary review after postponing due to Brexit Kathryn McCann Bond Dickinson has restarted its salary review, after the firm postponed the process in September due to the effect on…
Overdue: Ashurst partners to receive quarterly distributions after successive delays Madeleine Farman Ashurst partners are set to receive their quarterly profit distributions this month after payments were delayed earlier this year. A…
Inside KWM’s rescue deal: Management guarantee minimum earnings as salaried partners also tapped for cash Legal Business As the European and Middle East partnership of King & Wood Mallesons considers a rescue plan to stabilise the business,…
Clifford Chance begins review of lockstep points to encourage high achievers Sarah Downey Nearly 18 months after voting through modifications to its remuneration system, Clifford Chance (CC) has kicked off a firmwide review…
Linklaters votes for Moore’s lockstep reforms but controversial features dropped Matthew Field Linklaters partners have voted today (3 November) to accept changes to the firm’s lockstep that will provide more flexibility in…
Clifford Chance begins review of lockstep points to encourage high achievers Sarah Downey Nearly 18 months after voting through modifications to its remuneration system, Clifford Chance (CC) has kicked off a firmwide review…
Addleshaws restarts salary review for all staff and pledges to backdate increases Kathryn McCann Addleshaw Goddard has restarted its delayed salary review for all staff, including the annual review of fixed profit share for…
