Allen & Overy (A&O) has achieved a sixth consecutive year of growth in 2014/15, increasing its global turnover by 4 per cent from £1.23bn to £1.28bn, while average profit per equity partner (PEP) grew by 8 per cent to £1.21m.
Lloyds Bank has hired ex-Barclays head of legal for corporate banking Joanna Carver as general counsel for commercial banking.
Defunct Icelandic bank Kaupthing has won its jurisdictional challenge to the High Court to have Vincent Tchenguiz’ £2.2bn claim against it heard in Iceland.
King & Wood Mallesons (KWM) has lost London-based private equity partner Simon Fulbrook to Goodwin Procter, while simultaneously adding private equity partner Laura Brunnen to its London office from Fried Frank Harris Shriver & Jacobson.
Irwin Mitchell has completed its seventh acquisition since gaining its ABS licence through after merging with P&A Receivables Services.
The Criminal Bar Association (CBA) has launched a two-week ballot of its members on whether to launch direct action following news it would not strike alongside legal aid lawyers this week, despite widespread membership support.
The Lawyer ’s first Salary Survey cover lawyers’ pay, base salaries, bonuses, benefits and pay satisfaction, as well as their wider career satisfaction and aspirations. We have unearthed eye-opening information about the effects on earnings of location, sector, experience and, of course, gender.
Precisely one-quarter of respondents to the survey work in-house – an area that is an increasingly popular and well-regarded career choice among lawyers.
Salaries for newly-qualified solicitors are more transparent than those further up the market, since firms tend to publish them as part of their efforts to woo the most talented graduates.
Across the UK, 72.4 per cent of lawyers received a pay rise in 2014-15. Salaries rose fastest in Scotland. North of the border, some 22.9 per cent of respondents got a pay rise of more than 10 per cent, compared with 15.9 per cent in London and 14.6 per cent nationally.
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