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.
CMS Cameron McKenna has ditched its associate lockstep remuneration model in favour of a merit-based system.
The firm will bring in a three-tier salary system for associates, with each tier having an equivalent pay scale. Lawyers are expected to spend around two years on the lower tiers before becoming senior associates.
Managing partner Duncan Weston said: “Defining associate career levels according to competencies is an important step in building a culture that focuses on high performance as opposed to hours billed.”
The new model will come into effect next year, with the range for each scale yet to be determined. Camerons’ bonus system will also be reviewed next year, with any changes slated for 2012.
Allen & Overy, Ashurst, Freshfields Bruckhaus Deringer and Norton Rose are among the other firms to have moved to merit-based systems in recent years.