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.
Simpson Thacher has raised newly qualified associate salaries to $160,000 (£81,000), with salaries rising on a sliding scale so that those with nine years' experience will receive $290,000 (£146,000), as first revealed on www.thelawyer. com (23 January).
In a memorandum to the firm, chairman Pete Ruegger said: "The firm has been very busy and we expect the high level of activity to continue. We're proud of the results we're helping our clients achieve."
Last year Simpson Thacher boosted base salaries by $20,000 (£10,000) to the $145,000 (£73,000) benchmark set by Sullivan & Cromwell. That was matched by firms such as Davis Polk & Wardwell and Milbank Tweed Hadley & McCloy.