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.
Shearman & Sterling is hiking salaries for newly-qualified UK lawyers by a massive £12,000, it was announced today (28 April).
The firm will pay newly-qualified assistants £72,000 with effect from 1 May, up from £60,000. Shearman will also raise salaries by a similar amount for all associates up to and including six years PQE.
Trainee salaries and maintenance grants will also go up.
London managing partner Kenneth MacRitchie said: “We have a highly successful business and we wish to fully recognise the ongoing contribution of our associate population, as well as making ourselves a very attractive proposition for talented and ambitious city lawyers.”
Shearman’s human resources head Marcus Franks said the increases were part of a developing strategy aimed at “attracting, retaining and developing our associate talent base”.