The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Clifford Chance has followed the lead of the other magic circle firms by raising salaries for newly qualified lawyers to £55,000.
Clifford Chance is the last of the magic circle firms to announce its salary increase for the 2006-07 year.
Newly qualified lawyers salaries have risen from £51,000 to £55,00, an increase of almost eight per cent.
In addition, the firm is in the process of determining individual bonus awards (of up to 40%) as part of its total reward package for lawyers.
London managing partner, Jeremy Sandelson said in a statement: “I believe that these salary changes put us in a very competitive position. On a total reward basis our top performers will be among the best paid in the market.”
Linklaters now has the highest starting salary for lawyers at £55,100, as first revealed on www.thelawyer.com (29 April).
Freshfields and Clifford Chance are on par with each other while A&O has the lowest salaries for newly qualified lawyers at £52,000.