The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Salary fever has spread from New York and is threatening to engulf East Coast neighbour Philadelphia.
An outbreak in the city was confirmed on Monday (13 February), when Wolf Block Schorr & Solis-Cohen increased its starting salary for first-year associates to $125,000 (£72,000).
The same day, Duane Morris announced that it would be raising first-year salaries, from $115,000 (£66,000) to $125,000 (£72,000), retroactive to 1 January.
Second-year associates at the firm will receive a minimum of $127,500 (£73,000), and third-years a minimum of $130,000 (£74,500).
Morgan Lewis & Bockius upped its first-year salary to $135,000 (£77,000) in Philadelphia and many other locations, and increased salaries for first-year associates in New York to $145,000 (£83,000).
The Morgan Lewis figure is the highest reported starting salary for a first-year associate in Philadelphia. The raise also applies to the firms’ associates in Princeton (New Jersey); Washington DC; Pittsburgh; Chicago; LA; San Francisco; Palo Alto, and Irvine (California).
The East Coast outbreak began in New York the week before last, when Sullivan & Cromwell raised associate salaries to $145,000 (£82,000) week.