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.
Jones Day is boosting its trainee solicitor salary by more than 5 per cent following its recent salary review.
The US firm has increased the first-year trainees pay packet from £39,000 up to £41,000, while its second-year trainees will continue to receive up to a £50,000 wage.
The news means that the firm’s trainee salary has now been brought in line with the remuneration packages paid by most US firms to junior lawyers.
Firms Bingham McCutchen, Kirkland & Ellis and Weil Gotshal & Manges currently offer their first-year trainees £40,000, £40,000 and £41,000 respectively.
However, each of these firms’ trainee wages remain dwarfed by Sullivan & Cromwell, which pays its first-year trainees £50,000.
The news follows several US firms announcing increases in their newly qualified lawyer salary, with Cadwalader Wickersham & Taft, Quinn Emanuel Urquhart & Sullivan, Kirkland and Weil rising pay to £80,000, £97,500, 97,000 and 97,000 respectively (29 February 2012).