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.
Earlier this month, US firm Cleary Gottlieb Steen & Hamilton'sLondonarm became the highest-paying firm for maintenance grants, after increasing its rate from 5,000 to 8,000 from next September.
The surge of firms hiking their trainee grants follows Linklaters' lead in raising its grants by 40 per cent, from 5,000 to 7,000 for future trainees studying the LPC in London and Oxford.
Meanwhile,future Linklaters trainees studying for the GDL in London will see their maintenance grants increase from 5,000 to 6,000.
Linklaters' decision to boost its maintenance grants was quickly followed by rival firms Allen & Overy (A&O), Clifford Chance and Norton Rose announcing plans to increase their LPC grants to 7,000.
Lovells, however, trumped its City rivals by boosting both the LPC and GDL maintenance grants to 7,450 for students in London. It is understood that Slaughter and May's maintenance grant is equal to Lovells'.
In March 2004, A&O, Clifford Chance and Linklaters broke away from the eight-strong City LPC consortium to sign up to bespoke courses, while Freshfields Bruckhaus Deringer, Herbert Smith, Lovells, Norton Rose and Slaughters retained BPP law school as their exclusive supplier for the LPC.