The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Dechert has stunned its City rivals with a whopping 42.9 per cent hike in the LPC maintenance grants the firm pays to its future trainees.
As first revealed this morning (24 May) on The Lawyer's sister website Lawyer2B.com, the US firm, which offers 10-15 training contracts each year, currently pays its LPC students £7,000. This amount will be increased to £10,000 for students commencing the LPC in September 2008. Dechert does not prescribe which law school future trainees go to. Students will therefore receive £10,000 regardless of which city they choose to study in.
Until Dechert's announcement, New York-based Cleary Gottlieb Steen & Hamilton paid the highest maintenance grants, handing out £8,000 to its future trainees.
Dechert graduate recruitment manager Julie Williams told Lawyer2B.com: "I'm pleased that our continued financial success allows us to increase the amount we pay to future trainees in maintenance grants. We hope the increase will help to ease the financial burden on our recruits, which is considerable given student debt levels."
Unlike most of its City rivals, Dechert does not offer financial assistance to non-law students who need to complete the GDL.
In 2005 Linklaters sparked an LPC maintenance grant war after it boosted its payments from £5,000 to £7,000 for students studying in London.