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.
Bird & Bird bucks trend with bumper pay rises" />Bird & Bird has announced a 19 per cent jump in its first year trainee solicitor salaries at a time when other firms are looking to freeze pay rates.
A Bird & Bird spokesperson said: "We are proud of our high trainee retention rates and we are confident these market-beating salary increases will help us continue to attract the best talent."
The firm has also lifted salaries for newly-qualified (NQs) lawyers, raising pay by nine per cent to £60,000 from £55,000. A first year trainee at Bird & Bird will now pocket £37,000 and increase of 19.4 per cent, while second year trainees are on £40,000. These figures are up from £31,000 and £35,000 respectively.
The rises promote the firm to within touching distance of the same pay league as magic circle firms such as Allen & Overy and Linklaters.
The pay rises come in a year of economic uncertainty, which has put a stop to the big salary increases of previous years.
City firm Herbert Smith has frozen trainee pay at last year's rate of £36,000, while trainees at Linklaters saw their pay rise by 3.6 per cent to £37,400. An NQ at Linklaters will now earn £66,000, which represents a four per cent rise on last year,