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.
Trainee retention rates have dipped significantly since 2005, despite the massive salary increases seen in the legal profession in recent years.
A survey of the UK's top 50 firms carried out by The Lawyer's sister publication Lawyer 2B revealed that retention has dropped by 2.7 percentage points since 2005, down from 85.2 per cent to 82.5 per cent.
Retention rates have increased by just 1.3 precentage points on last year's 81.2 per cent. By contrast, trainee and associate salaries have rocketed in recent years.
For example, magic circle firm Clifford Chance currently pays one year post-qualified lawyers a salary of £66,000, while US firm Paul Hastings Janofsky & Walker pays London newly-qualifieds £90,000.