The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.