Law firm model at risk as Hammond reveals plans to tackle ‘partnership taxation’ in autumn statement Legal Business In a move which could curb law firms’ ability to share profits based on actual performance, yesterday’s (23 November) Autumn…
Akin Gump revamps associate pay to reflect volatile pound post Brexit vote Georgiana Tudor Akin Gump Strauss Hauer & Feld has reviewed its associate salaries and will pay junior lawyers according to exchange rates…
First Osborne Clarke LLPs show revenue up as highest paid member takes home 22% more Kathryn McCann Osborne Clarke (OC) has published its first set of LLP results for its UK and US offices which show an…
Brexit blues: Addleshaws and Gowling WLG freeze pay as a result of referendum vote Kathryn McCann Both Addleshaw Goddard and Gowling WLG have frozen their August salary reviews until the autumn as a result of Britain’s…
Brexit fallout: US firms feel the pressure in London but A&O and Freshfields commit to New York pay increases Legal Business With most US law firms experiencing something of a slowdown in the London market following the instability around the referendum…
Updated: Keeping up with the US – Freshfields and Clifford Chance match Cravath associate pay rates Legal Business In a bid to compete with its US rivals, Freshfields Bruckhaus Deringer and Clifford Chance have followed in the footsteps…
Following suit: Four firms match Cravath associate pay boost Legal Business Predictions of a pay war have proved correct after four US firms followed Cravath, Swaine & Moore into bumping up…
Starting a war: Cravath lifts associate pay for the first time in almost ten years Madeleine Farman In a move likely to trigger similar increases amongst its rivals, Cravath, Swaine & Moore has lifted associate pay for…
Associate pay up across Magic Circle as Freshfields wraps bonuses into base salaries Legal Business NQs at Freshfields receiving £17.5k extra Newly-qualified (NQ) solicitors at Freshfields Bruckhaus Deringer have received the largest bump in pay…
Shearman ramps up associate pay as war for talent intensifies Tom Moore Newly-qualified UK lawyers at Shearman & Sterling will see salaries pushed up £7,000 to £95,000 this year as City salaries…
High Court judges’ pay rises rejected despite recruitment levels falling Legal Business Despite warnings of poor morale at the judiciary coupled with flailing levels of recruitment, the Senior Salaries Review Body (SSRB)…
Exit strategy: Kirkland & Ellis doubles notice period for equity partners Legal Business US firm Kirkland & Ellis has doubled the notice period for all of its global equity partners from 60 days…
Christmas comes early for Slaughter and May associates with biggest bonuses yet Legal Business Magic Circle firm Slaughter and May has followed up steep rises in salary earlier this year with bumper bonuses as…
Dechert results: revenue slides by £2m in London as highest earner takes home £2.7m Legal Business The highest take-home pay at Dechert’s London office rose by 16% last year to £2.69m, despite income at the City office…
‘In control of our own destiny’: Burness Paull staff get 7.5% bonus as firm posts double-digit revenue and profit growth Kathryn McCann As McClure Naismith reveals its difficulties in the Scottish market today (20 August), Burness Paull has shown it is not…
Clifford Chance votes through changes to lockstep in bid to retain heavyweights Legal Business City giant’s remuneration review comes after recent key departures In a move considered overdue by some, Clifford Chance (CC) voted…
Lockstep has to go for Magic Circle to enter new global elite Legal Business Conservatism and intransigence are qualities often bemoaned in the legal industry, in many cases beyond their manifestation. But there is…
Slaughters starts salary race with £70k for NQs Legal Business The yearly contest to attract new talent has started with Magic Circle duo Slaughter and May and Linklaters both making…
Shearman maintains NQ salary gap with Magic Circle as pay rises 6% to £88,000 while trainees get 15% boost Legal Business The first US firm to release its London salaries for the new financial year, Shearman & Sterling has maintained the…
