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 smash through the 50,000 benchmark for newly-qualified lawyers, raising salaries by 1,000 to 51,000.
The move will frustrate rival magic circle firm Clifford Chance, which has just taken the decision to restore its newly-qualified salaries to 50,000, just one year after it had reduced them to 48,000.
Newly-qualifiedsat Linklaters are benefiting from a firmwide 2 per cent pay increase, which will be paid to all of the firms lawyers, except salaried or national partnersand members of the equity.
First-year trainees annual pay will go up from 28,500 to 29,100.
Linklaters training partner Simon Firth said the move was reflective of increased optimism across the market, although he admits: The optimism has not yet translated into a significant increase in work.
Clifford Chance, meanwhile, announced a firmwide adjustment of its salary bands, which, in addition to returning newly-qualified salaries to 50,000, sees first-year trainees salaries rise modestly, from 28,500 to 29,000.