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.
The Solicitors Regulation Authority (SRA) has raised minimum trainee solicitor salaries by 4.3 per cent across the board, in line with inflation.
London-based firms must now pay trainee solicitors a minimum of £18,420 – up from £17,660 last year – and firms in the rest of England and Wales must pay trainees a minimum of £16,500, up from £15,820 last year.
But while many firms pay at levels above the SRA’s minimum, Kat Gibson, president of the Law Society’s junior lawyer division, said there is no protection at all for paralegals and LPC graduates seeking a training contract.
“These people are given a vague promise of a training contract, but competition is so high that this promise is valuable and will see the individual working for almost nothing to one day qualify,” she said.