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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.
College of Law’s chief executive Nigel Savage earned a greater sum in its last financial year than the course provider donated to its flagship diversity scheme, The Lawyer can reveal.
The registered charity donated £300,000 in 2010 to its much-publicised Pathways to Law Programme, which was launched in 2006 with the aim of getting students from less well-off backgrounds into the legal profession.
During the same period, Savage pocketed a salary of £440,000 - the second year in a row he has received such a significant remuneration package.
David Yates, chairman of governors at CoL, said in a statement: “Our accounts confirm the remuneration of all staff earning in excess of £60,000. As in other organisations, the chief executive and deputy chief executive are at the top of this scale. Their fixed salaries have remained stable this year and they’ve also received the second payment of a long-term incentive scheme announced last year, having met specific, independently set performance targets.”
In addition to the £300,000 contributed to the Pathways scheme CoL’s other charitable activities added up to £1.7m, of which £850,000 was paid to the college’s careers service and £550,000 was spent on pro bono activities. The remaining amount was given to CoL’s research arm, which last month published research warning of a shortfall of Legal Practice Course students.
CoL said that its donations to Pathways, which is run in conjunction with the Sutton Trust, are expected to increase going forward, with £500,000 ear marked for the 2011 academic year and the £670,000 in 2012.