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.
Travers Smith has frozen salaries for its associates and trainees after announcing disappointing financial results for 2007-08. It means that the firm’s junior lawyers remain on last year’s rates of £36,000 for first-year trainees, £40,000 for second-year trainees and £64,0000 for newly qualified associates. Last month Travers revealed that turnover had risen by just 3.2 per cent during the last financial year, while average profit per equity partner dropped by 7.6 per cent to £755,000. Managing partner Chris Carroll cited the economic downturn and the rising cost of salaries.