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.
The salaries of in-house lawyers are still failing to compete with the amounts awarded to their private practice counterparts.
As first revealed on www. thelawyer.com (3 November), a CLO Programme survey published last week revealed that the average basic salary for a general counsel was £136,820. In stark contrast, this year’s The Lawyer UK 100 Annual Report revealed that the lowest average profit per equity partner (PEP) out of the top 50 firms was £145,000.
However, the highest paid general counsels are closing in on partners in private practice. The survey found that some general counsel’s basic salary is as high as £975,000, which exceeds the average PEP of any of the UK’s top 100 firms.
The survey found that the sectors offering the highest basic salaries are financial, chemicals, food, drink and tobacco.