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.
Lovells has raised newly-qualifieds' salaries by 6 per cent to overtake Allen & Overy (A&O), but it still trails Linklaters as this year's first associate salary hikes are revealed.
Lovells has increased its newly-qualifieds' salaries from £50,000 to £53,000. The firm has also increased its performance-related bonus for all associates from a maximum of 20 per cent to 30 per cent from 2007.
Linklaters has increased newly qualified lawyers' salaries by 6 per cent to £55,100, as first revealed on www.thelawyer.com (29 April). The firm is increasing salaries for fee-earners in London by between 5.5 and 12 per cent, depending on seniority.
Meanwhile, A&O, which announced a 20 per cent rise in associate pay in November 2005, has increased its newly-qualifieds' salaries by just £1,000 to £52,000.
Linklaters has also unveiled additional work-life balance benefits for its legal staff. The firm has launched the 'Time Bank Scheme', which allows those associates and trainees who have a 90 per cent utilisation rate to an extra day of paid leave every quarter. These days can be rolled into a mini-sabbatical of up to 20 days.