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.
Other law firms have pushed trainee pay beyond the median. Freshfields Bruckhaus Deringer starts its trainees on 38,000 and US firm Paul Hastings Janofsky & Walker pays 40,000.
The nationwide median is 23,500, which includes professional services outside of the City.
The AGR study goes on to show that City firms are becoming more competitive, with more than two-thirds looking for a minimum qualification of a 2:1.
Carl Gilleard, chief executive of AGR, said that the study of 219 employers shows that there are many job opportunities out there for graduates.
However, he warned: Graduates must realise that academic achievements are not enough to secure a position and focusing on developing softer skills such as team-working is important for graduate-level positions.