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.
The US East Coast associate pay war has spread from New York to Philadelphia, with the city’s leading firms all raising newly-qualified salaries.
Philadelphia-based national Saul Ewing increased first-year pay to $125,000 (£71,600) in all its offices bar Harrisburg, Pennsylvania, reflecting a $10,000 (£5,700) hike on all associate salaries.
The firm matches rival Philadelphia-based firm Pepper Hamilton's decision this week to also raise starting salaries by $10,000, with Philadelphia first-years getting $125,000.
The raise applies to all the firm’s offices except Harrisburg and Detroit, where salaries were boosted only $7,000 (£4,000).
The firms follow the lead of Blank Rome, which announced on Thursday that it will boost first-year pay in Philadelphia from $115,000 (£66,000) to $125,000, as well as increasing first year salaries in New York and DC to $135,000 (£77,000).
DLA Piper Rudnick Gray Cary was the first firm to raise its salaries in Philadelphia (first revealed on www.thelawyer.com February 6) when it upped its starting salaries to $125,000 - making its associates then the highest-paid in town. Drinker Biddle & Reath immediately matched the figure that day.
Wolf Block Schorr & Solis-Cohen and Duane Morris then followed in mid-February only to be trumped by Morgan Lewis & Bockius the same day, which announced it was increasing Philadelphia starting salaries to $135,000. The firm also upped pay for its New York first years to $145,000 (£83,000). Dechert has matched Morgan’s $135,000 figure this week.