Associate pay – Ashurst ups salaries for trainees and NQs Jaishree Kalia Ashurst has upped its salaries for London-based trainees and newly-qualified lawyers (NQs) after a two-year freeze on pay. First-year and second-year…
Updated: A&O freezes NQ and trainee pay as it ups associate salaries; Linklaters announces increases across board Jaishree Kalia Allen & Overy (A&O) revealed today (8 May) that it will hold trainee and newly-qualified (NQ) lawyers’ pay at 2013 levels,…
Slaughters first to up pay for trainees and NQs Legal Business Slaughter and May has again become the first major City player to announce changes to its junior fee-earners’ pay levels, with…
Capital call on salaried partners at Weightmans and Addleshaws in response to impending LLP tax overhaul Francesca Fanshawe The tally of City firms calling on salaried partners to increase their capital investment in response to new HM Revenue…
LB100 firms review partnership model as HMRC’s LLP changes loom Sarah Downey The impact of HM Revenue & Customs’ decision to overhaul the way salaried partners are taxed is being felt across the…
LB100 firms review partnership model as HMRC’s LLP changes loom Sarah Downey The impact of HM Revenue & Customs’ decision to overhaul the way salaried partners are taxed is being felt across…
LLP latest: Shoosmiths, Morgan Cole and MMS see significant drop in highest paid partner as Charles Russell’s takes home 64% more Francesca Fanshawe The latest round of LLP accounts for 2012/13 has revealed that Shoosmiths paid £1.5m to acquire Scottish firm Archibald Campbell &…
US bonus season: Boies Schiller, Cahill Gordon and Sidley among leading US firms to unveil numbers Legal Business Since New York elite firm Cravath, Swaine & Moore kicked off the US bonus season at the start of December with…
LLPs face hike in tax bills as legislative changes target salaried partners David Stevenson Limited liability partnerships (LLPs) are facing significantly increased tax bills after HM Revenue & Customs (HMRC) issued draft legislation this week…
A carve-out before Christmas – HSF agrees compromise to (largely) unite post-merger partner pay David Stevenson It was a long time coming but Herbert Smith Freehills (HSF) has finally agreed a compromise to unite equity partner…
More for most or less for some? Links is latest top firm to sidle towards merit pay David Stevenson Even at the top of the market, the slow march towards performance-driven pay for associates continues with Linklaters this week…
RPC abolishes flat-rate salary for newly-qualified solicitors Legal Business City firm to move junior lawyers to structure based on merit and market rates. RPC has taken the final steps to…
US bonus season: Cravath kicks off by holding bonuses at 2012 levels Jaishree Kalia The US bonus season has kick-started with elite New York firm Cravath, Swaine & Moore setting the tone by revealing it will…
On your merit: RPC abolishes flat rate salary for NQs Legal Business City law firm RPC has taken the final steps to adopting an entirely merit driven pay model as it today (19…
NQ retention and pay: Good news for NRF and Bird & Bird but FFW puts 5 trainees on extended contract Sarah Downey If you see a rabble of trainees at the pub this lunchtime they may well be from Norton Rose Fulbright (NRF),…
Travers senior lawyers to be paid for interruptions to family life as firm adopts more merit-based model Legal Business Travers Smith has become the latest City firm to overhaul its lockstep for senior associates in a bid to incentivise and…
Nabarro points to bonus and high performance uplift as it freezes junior lawyers pay Legal Business Nabarro has defended its decision to freeze the salaries of its trainees, newly-qualified (NQ) lawyers and those with one to…
CC bumps starting pay to £63,500 with bonuses giving junior associates chance to earn over £100,000 Legal Business Despite generally gloomy market conditions there were renewed signs of underlying confidence at top London firms with Clifford Chance (CC) joining…
Magic Circle unveils new pay levels Jaishree Kalia Four of the five Magic Circle firms have now revealed their decisions on newly qualified (NQ) and trainee salaries, with…
Guest post: In defence of the billable hour – a contrarian perspective Richard Rapp I enjoyed the recent debate triggered by reports of the US lawsuit accusing DLA Piper of over billing. As expected…
