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.
The pay package equates to what the antitrust rainmaker earned at Clifford Chance last year. Newborn was due to have his additional points cut from 200 to 150 this uear.
Based on The Lawyer 100 figures for 2002-03, this would have meant a drop in income from £1.5m to £1.1m.
Newborn was just one of two Clifford Chance high-billers in the US who was remunerated above the top of lockstep, which at Clifford Chance is 100 points. Antitrust star Kevin Arquit, who left for Simpson Thacher & Bartlett late last year, was the other 200-point man.
Clifford Chance has been conducting a review of its compensation, and last week's results showed that the majority of the partners felt that US rainmakers should continue to receive extra points.
Newborn declined to comment on his remuneration, but said that of a number of law firms that had approached him, Weil Gotshal's offer was not the highest.
He added: "I've gone from one elite firm to another elite firm."