The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Slaughters raised NQ salaries to £65,000 earlier this year (30 April 2014). A number of other firms have also hiked salaries to match the magic circle this year, including Herbert Smith Freehills (2 June 2014) and Hogan Lovells (27 May 2014).
Norton Rose Fulbright also announced increased trainee wages. First-year trainees will now take home £39,500, an increase of £1,500. Wages remained static in 2013, standing at £38,000 having risen from £37,000 the previous year (13 July 2012).
Second-year trainees will also receive a rise of £1,500 to £44,500. Like first-year trainee wages, they stayed static in 2013 but rose by £1,500 in 2012 to £43,000.
The salary rises follow a good financial year for the firm, which has announced turnover of $1.851bn (£1.152bn) for the first full year since the combination of Norton Rose and Fulbright & Jaworski (8 July 2014).
NQ salary rates across the magic and silver circle