The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
The largest number of promotions were made in the contentious and commercial team and finance and ;projects, ;which promoted seven associates apiece. A further five were promoted in real estate and three in corporate.
The promotions were split across the firm’s three offices, with nine promoted in Manchester, eight in Leeds and five in London. Ten of the new managing associates are women.
HR ;director ;Judith Hardy denied that the new role, which was established just over a year ago, was created as a means of stalling entry to the partnership.
“It’s not about making it a challenge to get into the partnership,” she insisted. “It’s a level of achievement that signals they’re doing what they need to do at this stage of their career.”
Hardy pointed out that, of the nine promoted to the partnership in May 2008, seven ;were ;formerly managing associates.
She added that there were two drivers to the creation of the role. “Firstly, people want to know how they’re doing,” she said. “Secondly, talented ;people ;want recognition.”
Promotion to the managing associate role typically follows a structured path involving development of a personal career plan and monitoring by a mentoring partner. It specifically targets those with between three and four years’ PQE. Benefits include two extra days holiday, a pay increase and access to higher levels of bonuses.