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.
Remuneration – always among the trickiest topics and one that tends to be contentious for any lawyer from their very first day in the office.
Are trainee lawyers paid too much? Is £100,000 for a newly qualified (NQ) lawyer – a la Davis Polk – way over the odds? Since 2008 most firms have been forensic about remuneration, particularly in relation to partners. It’s now almost difficult to recall that for most firms the move to a meritocratic pay structure was originally met with cynicism.
Today, the lockstep partnership structure remains largely the preserve of the magic circle. But what about NQs and trainees? RPC has today told its lawyers that it is planning to scrap the set salary for those on the bottom rung of the ladder in favour of a merit-based system.
The firm is hoping to spark a revolution. For RPC, the current model is broken. This is an attempt to fix it, and a bold one at that.