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.
Linklaters has become the first magic circle firm to break the £50,000 benchmark for newly qualifieds’ (NQ) salaries.
The firm is upping new lawyers’ pay-packets to £51,000, which is part of a firmwide 2 per cent increase in all lawyers' salaries.
For example trainees will now be paid £29,100. The increases affect all lawyers bar salaried, or "national" partners and members of the equity.
Simon Firth, training partner at Linklaters said: "It is reflective of increased optimism in the market."
Though he admits: "The optimism has not yet translated into a significant increase in work."
The move pushes Linklaters’ NQ rates past Clifford Chance's which last week announced it would return newly qualifieds’ pay to £50,000, in-line with the rest of the magic circle, after it briefly cut salaries to £48,000.
Clifford Chance also increased trainees’ rates to £29,000 on a previous £28,500.