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.
Linklaters, which is in redundancy talks with staff as part of a plan to cut more than 200 jobs in London, is the firm least likely to follow Freshfields.
A spokesperson for Linklaters said: “We’re not looking at the same strategy as Freshfields. But we will be reviewing salaries and bonuses, as we do annually, in line with the market.”
On Monday Freshfields became the first City operation to reverse its associate salary bands (The Lawyer, 9 February)
A lawyer with two years PQE will stay on £73,000 in May, rather than moving automatically to the £86,000 band paid to an associate with three years PQE. Meanwhile the salary paid to newly-qualified (NQ) solicitors will drop from £66,000 to £59,000.