The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Magic circle firms are continuing to take on high proportions of trainees despite the economic turmoil and the growing number of redundancies.
Linklaters, which is cutting up to 120 City lawyers and up to 150 support staff from its ranks, is set to retain 84 per cent of trainee solicitors due to qualify in March this year, excluding those who resigned before the qualification process started. If those trainees were included, then the number drops to 79 per cent, or 59 out of 75.
That said, although managing partner Simon Davies confirmed that no trainees will lose their jobs as part of the redundancy consultation, he would not confirm whether the number of people being offered training contracts in the future would be affected.
The firm takes around 130 trainees each year. Clifford Chance, which is currently in redundancy talks aimed at cutting 80 lawyers from its London office, has announced that it will retain 85 per cent of its spring qualifiers.