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.
Salaries are up by between 5 and 10 per cent on average for assistant solicitors this year, but there is an ever longer wait for partnership, according to a survey conducted by The Lawyer and recruitment firm Michael Page Legal.
The economic upturn has meant that almost every newly qualified solicitor in London or regional firms is now kept on or manages to find another job quickly, compared with around 30 per cent who were shed by firms a few years ago. Because the upturn follows a recession in which newly-qualifieds were not taken on, there is now a desperate shortage of one- to four-year-qualifieds, particularly in banking, corporate and property areas, the survey found.
That in turn has meant a hike in salaries for assistants. The situation is exacerbated by the increasing attraction of in-house work, with industry paying wages matching those of City firms.
But the increased earnings of partners means they are selective about making people up to partners, with assistants facing a minimum wait of six years.