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.
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.