The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Allen & Overy has lifted its salary freeze by announcing marginal increases in its associate remuneration packages for 2012-13.
The magic circle firm is increasing pay by between 0.6 and 1 per cent for newly qualified (NQ) lawyers and those in their first three years following qualification.
Associates with one-year post qualification experience (PQE) will earn £68,500, up from £68,000 last year. Those with two-year PQE will take home £74,500 as opposed to £74,000 in 2011-12.
Lawyers with three-year PQE received the largest boost, seeing their pay packet go up from £85,000 to £86,000.
NQ salaries have also risen, to £61,500 from £61,000.
Last year the firm froze salary bands but allowed associates to receive pay rises by progressing to the next level (11 May 2011).
Meanwhile, in 2009-10 the firm froze its salary bands at 2008-09 levels and stopped associates from progressing to the next level.
In 2010-11 it removed the restriction on allowing marginal increases, boosting one-year PQE, two-year PQE and three-year PQE pay bands to £68,000, £74,000 and £85,000 respectively. NQ pay rose from £60,000 to £61,000.