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 increased salaries for newly qualified associates by 2.3 per cent to £65,000, up from £63,500 last year.
This brings the firm’s NQ salaries in line with the magic circle.
The salaries across the more senior assistant salary bands have increased by an average of 3 per cent. This means those with one year post qualification experience (PQE) now receive an average of £68,000 while those with two-years’ PQE are on £80,000 and those with three-years’ PQE can expect to earn around £88,000.
For first year trainees salaries have increased by £1,000 to £37,000.
This compares favourably with Herbert Smith, which froze its salary bands across the board this year. Norton Rose also froze its NQ salaries at £63,500. Simmons & Simmons froze its trainee salaries but upped NQ wages by £500 to £64,000.
Salary increases at the magic circle have also been muted this year, with NQ slaries rising by between 2 per cent and 4.9 per cent. An NQ at Allen & Overy is now on £65,000 while at Clifford Chance and Linklaters the rate is £66,600.