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.
Partners at Clifford Chance may have to wait longer to be promoted to the top level of partnership within the new merged firm.
It is believed that under the new regime it will take an extra year for partners to reach "plateau" level. At present a newly promoted junior partner can expect to reach that stage in nine years, but in future it will take an extra year.
Such a move would help keep earnings for the firm's top lawyers at a higher level and maybe a covert way of thinning down the partnership.
As The Lawyer revealed (14 June), Rogers & Wells will enter the Clifford Chance lockstep pay system, by which partners are paid according to seniority until they reach plateau level when they are all paid the same amount.
A spokesman from Clifford Chance says: "The timing will remain nine years for the foreseeable future."