The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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 cut associate pay bands by an average of 7 per cent and slashed bonuses across the firm. Linklaters associates will move up through the salary bands this year, but reduced rates mean that most junior lawyers will receive a pay rise of between just 2 and 4 per cent. The Linklaters announcement means that first-year trainees will continue to receive £37,400. Newly qualified rates fell by 7.6 per cent to £61,500; one year-PQE rates dropped by 3.4 per cent to £68,000; two year-PQE salaries fell by 11.6 per cent to £73,000; and three year-PQEs will receive £85,000, down 6.4 per cent on the previous year. Support staff, however, will not receive a pay rise this year, with rates frozen at current levels, and the firmwide performance-based bonus pool will be smaller than last year’s.