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.
Taylor Wessing has become the latest law firm to delay the start dates of its future trainee solicitors.
The top 30 firm has approached its September 2009 and September 2010 intakes and asked for volunteers to defer for 12 months. Taylor Wessing will pay an unconditional £7,500 to those trainees who decide to take up the offer.
A firm spokesman said: “We’ve made the decision because we want every single one of our trainees to have the best training possible.”
In a related move Taylor Wessing yesterday (21 April) unveiled a package of measures in response to the economic slump, including offering all employees an extra two weeks of holiday in return for a 3.85 per cent reduction in salary. The firm is also looking at making up to 20 redundancies and is offering sabbaticals and voluntary redundancy to all staff (see story).
Shoosmiths, meanwhile, is the only firm that is not compensating deferring trainees or those who decide to withdraw their training contracts and is understood to have made the move compulsory after insufficient volunteers come forward.
The only other firm to have introduced compulsory deferrals is Field Fisher Waterouse, which as a result has put its graduate recruitment programme on hold until next year.