Bird & Bird and Holman Fenwick Willan are the latest firms to announce pay increases for their newly-qualified solicitors, with the latter rising to £100,000. HFW has increased its pay from £95,000 to £100,000, while Bird & Bird has put in place a slightly lower rise of £3,000 to £98,000. Bird & Bird’s increase comes […]
Macfarlanes has increased its pay for newly-qualified solicitors by £25,000, as UK firms respond to rates set by the magic circle last month. The City firm has upped pay for NQs from £115,000 to £140,000, a rise of nearly 22 per cent. This heaps pressure on firms that include Slaughter and May on £125,000 and […]
Salary increases across the City for newly-qualified lawyers has brought into sharp focus how much in-house lawyers are willing to pay for external counsel. Last week, US firm Goodwin upped its salary for NQs to £175,000 from £161,500. In May, Freshfields, Linklaters, Clifford Chance and A&O Shearman all boosted its pay for NQs by £25,000 […]
Sidley Austin has increased its base pay for newly-qualified (NQ) solicitors for the second time this year from £166,500 to £175,000. The pay increase will come into force from 1st July and is also understood to involve rises across the board for associates. Trainee solicitors will see a pay rise too, with first-year trainees moving […]
Having already hired Allen & Overy’s Philip Bowden, Proskauer Rose is growing its leveraged finance team even more with new recruits from the newly-merged firm and Cahill Gordon & Reindel. Leveraged finance partner Megan Lawrence is due to join Bowden at Proskauer. She was promoted to partner at A&O in 2022 having been at the […]
Having expanded its European presence over 2023/24, Fieldfisher has reported a strong year of financial growth with revenue up 10 per cent. The 10 per cent growth relates to an 11-month period to 31 March, after the firm decided to bring its year-end date forward ahead of HMRC basis period reform changes. The firm has […]
Scottish Independent Anderson Strathern is planning to move its financial year-end from its current 31 August to 31 March, a shift that will result in a seven-month fiscal period for 2024/25. The move is the firm’s response to HMRC’s basis period reforms and is aimed at reducing the admin burden on business services staff and […]
HFW has posted double-digit growth firmwide in profit and revenue for a second year running, as the firm hit £251m turnover for the financial year ending 31 March. This figure is up 11 per cent from last year, while net profit has gone up 16.5 per cent, hitting £75.4m. London revenue makes up around two-fifths […]
The head of Clifford Chance’s office in Newcastle has left the firm after six years in charge. Lucy Nixon left the firm last week. She joined in 2018 when Clifford Chance acquired Carillion Advice Services, the paralegal and managed legal services arm of the contractor. Nixon joined Carillion in October 2007 as an operations manager, […]
This report contains: an analysis of the reality of Cleary Gottlieb’s growth trajectory in London since 2014 an overview of challenges faced by the top global firms which are pursuing similar growth strategies a discussion on Cleary’s distinctive practice area mix, highlighting its substantial focus on antitrust cases.
This report contains: ranking of the Nordic 50 firms on a headcount basis headcount analysis of the largest firms split into three groups financial and market analysis of the four jurisdictions in the region firm specific data profiles
This report includes: a breakdown of the eight firms shortlisted for the Litigation Team of the Year at The Lawyer Awards 2024 an overview of the case they have been nominated for an analysis of the firms’ larger litigation team
This report includes: a regional efficiency map for firms ranked 101-200 (The Independents) insight into the impact of geographic location on efficiency, highlighting regional disparities, drivers of success, and areas for improvement.
This report contains: financial performance of the largest US firms in London analysis of five standout firms that achieved significant revenue growth, detailing key factors behind their success individual firm profiles highlighting financial performance, growth strategies and client base and matters
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Tomorrow, the country speaks. Let the chips fall where they may. Whatever your party affiliation, you have lawyers to vote for in this election – in fact, we’ve found no fewer than 193 of them standing. In a quartet of seats (Birmingham Ladywood, Finchley & Golders Green, Newark and Tottenham) voters even have a choice […]
In the last 12 months, the top 100 law firms in the UK have spent literally millions on lateral hires, bringing in a total of 12,177 new partners. Such hope. So many dreams. How many of them will actually work out? If you’re assessing return on investment then the usual response is to look at […]
Last week was a whirlwind for climate change awareness. London hosted its annual Climate Change Week, the Grantham Research Institute unveiled a startling report on the surge in climate litigation, and BHP, the world’s largest mining giant, lost a High Court case, allowing 33,000 Mariana dam disaster victims to proceed with their claims. Meanwhile, the […]
To be in the global law market requires a strong City presence, of that there can be no doubt. The Lawyer’s US 50 report underscores just how vital London is; the multimillion-pound investments being made by US titans shows that growing in the City is not only advantageous, but essential. And yet. You might be surprised […]
$20m partners are rare, but they are multiplying. Paul Weiss, Kirkland, Davis Polk, Weil Gotshal and latterly Latham are reshaping their partner compensation for the big figure, stretched upwards from the $9m that Paul Weiss paid for Scott Barshay in 2016. As The Lawyer reported yesterday, even Cleary – Cleary! – is now considering it. […]
Having already hired Allen & Overy’s Philip Bowden, Proskauer Rose is growing its leveraged finance team even more with new recruits from the newly-merged firm and Cahill Gordon & Reindel. Leveraged finance partner Megan Lawrence is due to join Bowden at Proskauer. She was promoted to partner at A&O in 2022 having been at the […]
Having expanded its European presence over 2023/24, Fieldfisher has reported a strong year of financial growth with revenue up 10 per cent. The 10 per cent growth relates to an 11-month period to 31 March, after the firm decided to bring its year-end date forward ahead of HMRC basis period reform changes. The firm has […]
Scottish Independent Anderson Strathern is planning to move its financial year-end from its current 31 August to 31 March, a shift that will result in a seven-month fiscal period for 2024/25. The move is the firm’s response to HMRC’s basis period reforms and is aimed at reducing the admin burden on business services staff and […]
HFW has posted double-digit growth firmwide in profit and revenue for a second year running, as the firm hit £251m turnover for the financial year ending 31 March. This figure is up 11 per cent from last year, while net profit has gone up 16.5 per cent, hitting £75.4m. London revenue makes up around two-fifths […]
The head of Clifford Chance’s office in Newcastle has left the firm after six years in charge. Lucy Nixon left the firm last week. She joined in 2018 when Clifford Chance acquired Carillion Advice Services, the paralegal and managed legal services arm of the contractor. Nixon joined Carillion in October 2007 as an operations manager, […]