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.
Many London US firms are reviewing their rates in the wake of the huge hikes in New York. But Weil Gotshal's decision stands out because the London office has traditionally billed itself as an English practice and paid only a moderate premium of about 15 per cent on magic circle rates.
A source close to the firm says: "I think people were happy with that because they regarded Weil Gotshal as a UK firm."
It is understood the firm pays about £45,000 to newly-qualified lawyers in London but is likely to raise its rates closer to £55,000 or more.
The salary hikes come in the wake of the departure of founding partner Maurice Allen.
Mike Francies, managing partner of the London office, was not available for comment.