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An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Weil Gotshal & Manges has fired another shot in the ongoing salary war by upping its first year trainee pay to 41,000.
Fourth seat trainees at the US firm will receive 45,000 with effect from September 2007. In June Weil stunned the market after boosting its newly qualifieds (NQ) salary to a whopping 90,000, which put it ahead of many of its rivals.
Weil's graduate recruitment manager Jillian Singh told Lawyer2B.com: "Weil Gotshal is committed to recruiting the best trainees and rewarding them accordingly. We provide a first class training programme aimed at developing our lawyers which forms part of our strategy for steady purposeful growth in London.
However, rival US outfit Paul Hastings Janofsky & Walker, matched this amount after hiking its NQ pay by 20 per cent. Meanwhile, Paul Hastings increased its trainee salaries to 40,000 and 45,000 for first and second year trainees respectively.
Weils latest salary hikes are part of a massive UK recruitment drive, which also saw the firm introduce a 500 bonus for students who achieve a first in their degrees (Lawyer2B.com, 4 July).
Weils London office hires around 12 trainees per year.