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.
The final-salary scheme was closed to new members as long ago as 1998, but the report states that, after consultation, last year the firm "closed the scheme to future years' accruals".
When signing up to the defined benefit pension scheme members would have been promised a pension equal to a percentage of their final salary for every year worked. However, under the changes they have effectively accepted that they will get no more of those percentages no matter how many more years they work. How very broad-minded of them.
The measures, in addition to a £6m injection (it was 'surplus cash', apparently) mean that the firm has reduced its whopping £22m pension scheme deficit, revealed in last year's report, to a more manageable £10m.