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 slashes US bonus" />Clifford Chance has followed the New York trend and halved year end bonus pay-outs for its US associates.
The magic circle firm will provide bonuses ranging from $17,500 (£12,000) for first year associates to $32,500 (£22,000) for the most senior class. Last year bonuses ranged from $32,000 (£24,000) to $65,000 (£45,000).
A number of US firms have halved associate bonuses this year due to the challenging economic environment.
The move comes after The Lawyer revealed significant partner defections last week (1 December) with John Carroll, David Meister and Warren Feldman moving to Skadden Arps Slate Meagher & Flom and James Moyle defecting to Morgan Lewis & Bockius.
The magic circle firm has had a turbulent year in the US, making 20 litigation associates redundant earlier this year (14 October ).