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.
Arent Fox is the latest non-New York firm to bow to pressure to increase salary for associates.
The Washington DC-based firm has moved to raise pay for its newly qualified associates to $145,000 (£74,000), from $135,000 (£69,000).
But Arent Fox, which also has offices in New York and Los Angeles, will be matching New York rates set by Simpson Thacher & Bartlett on 22 January (www.thelawyer.com). Its most junior associates in Manhattan will receive $160,000 (£82,000). Los Angeles-based associates will receive the same lower rate as their DC counterparts.
It is the same story at many big firms across the US, with $15,000 (£7,600) differentials in associate pay at firms with offices both in and outside New York.
Most firms headquartered in centres such as Chicago and Washington DC, like Sidley Austin and Akin Gump Strauss Hauer & Feld, are offering $145,000 to the majority of their first year associates, but bumping that rate to $160,000 for New York-based junior lawyers.
Atlanta-headquartered King & Spalding announced that its most junior New York associates would receive $160,000, but said it would not raise rates at its five other offices, including London and Dubai.
DLA Piper is even more complicated. Its American arm is offering four different pay scales depending on location. These range from one starting at $125,000 for associates in Atlanta and Tampa, to a New York rate starting at $160,000.