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.
Thirty trainees asked to defer 2003 training contracts for £2,500; payment down from £10,000 for last band of deferrals
KLegal has asked 30 of its trainees in London and Scotland to defer their 2003 training contracts for a year in return for a £2,500 pay-off. Names were drawn out of a hat because it was the fairest way to make the decision between who was to stay and who was to go, according to a spokesman for the accountancy-tied firm. This is the second time in a matter of months that KLegal has slashed its future trainee intake. As The Lawyer revealed in July, KLegal offered around half of its 2002 trainee intake a £10,000 lump sum if they deferred their start dates for 12 months. KLegal says the 2003 trainees have been offered a smaller package than their 2002 counterparts because they have been given a whole years notice. The spokesman said both sets of cut backs are linked to current market conditions and KLegals recent merger with McGrigor Donald. We are spreading two years intake over three years to realign our intake, he added. There is no point in taking on more people than we have work for. But we are still committed to taking them on in a years time.