The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
New York heavyweight Weil Gotshal & Manges plans to boost its UK trainee solicitor intake by up to 55 per cent for 2013.
The US law firm has announced its plans to increase its number of trainees from between nine and 10, to a maximum of 14 annually.
Human resources officer Lucy Greaves said: “Despite these difficult financial times the London office continues to grow and expand across all departments. We’ve therefore made the decision to increase our trainee intake to between 12 and 14 per year, this will be effective from September 2013.”
In order to bolster its numbers the firm has reopened interviews for successful 2013 training contract applications, in addition to the launch of its 2014 applications process.
The news comes after Weil upped its salaries for London-based newly qualified (NQ) solicitors for 2011. The firm’s NQs saw their pay packets jump by 8 per cent from £90,000 to £97,000. Last year NQ salaries rose to £90,000 from £85,000 (25 July 2011).
Lawyers with one year’s post-qualification experience (PQE) also saw an increase, with their pay moving from between £90,000-£95,950 to £100,000. Those with two years’ PQE saw an average increase of 10 per cent.