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.
The raises mean New York firms continue to pay first-year associates more than their West Coast equivalents. The recent round of salary hikes among West Coast-based firms including O’Melveny & Myers, Morrison Foerster, Gibson Dunn & Crutcher and Foley & Lardner boosted first-year salaries to $135,000 (£77,000) from $125,000 (£71,000).
The surge began in September last year, when associate salaries were raised at mid-sized LA firms Irell & Manella, Quinn Emanuel Urquhart Oliver & Hedges and Tolles & Olson.
However, associates will have to wait for news of their bonuses to know if total pay has increased. Last year, top New York firms paid first-years $125,000 in base salary with $35,000 (£20,000) bonuses.