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.
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.