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Herbert Smith Freehills is increasing the base rate of its newly-qualified lawyer salaries, having last upped pay for its junior lawyers in December. The firm will be increasing its London NQ base salary to £120,000, plus bonus, effective from today. The firm had increased these salaries back in December to £105,000. Alison Brown, executive partner, […]
Clifford Chance has increased its base pay for newly-qualified lawyers by 16 per cent. The pay increase to £125,000 will see Clifford Chance competing with the levels set by magic circle firm Freshfields Bruckhaus Deringer, which bumped up NQ salaries to the same level last month. In June last year, Clifford Chance upped its NQ […]
Shoosmiths has confirmed it will increase the starting salaries for its newly-qualified lawyers in both London and the regions. The UK firm has announced it will increase salaries for newly-qualified lawyers by 16 per cent on 1 November this year. The London rate will rise from £75,000 to £87,000, while the regional rate will be […]
Extra performance-related bonuses will be on offer to a select band of HFW associates, with further changes made to NQ pay. Associates who meet certain performance-related criteria will receive a one-off bonus of up to £10,000 this month in recognition of the firm’s strong performance in the 2022 financial year. The payment comes in addition […]
A&O has demonstrated market leadership in its decision not to raise NQ pay
Herbert Smith Freehills is increasing the base rate of its newly-qualified lawyer salaries, having last upped pay for its junior lawyers in December. The firm will be increasing its London NQ base salary to £120,000, plus bonus, effective from today. The firm had increased these salaries back in December to £105,000. Alison Brown, executive partner, […]
Clifford Chance has increased its base pay for newly-qualified lawyers by 16 per cent. The pay increase to £125,000 will see Clifford Chance competing with the levels set by magic circle firm Freshfields Bruckhaus Deringer, which bumped up NQ salaries to the same level last month. In June last year, Clifford Chance upped its NQ […]
Shoosmiths has confirmed it will increase the starting salaries for its newly-qualified lawyers in both London and the regions. The UK firm has announced it will increase salaries for newly-qualified lawyers by 16 per cent on 1 November this year. The London rate will rise from £75,000 to £87,000, while the regional rate will be […]
Extra performance-related bonuses will be on offer to a select band of HFW associates, with further changes made to NQ pay. Associates who meet certain performance-related criteria will receive a one-off bonus of up to £10,000 this month in recognition of the firm’s strong performance in the 2022 financial year. The payment comes in addition […]
Weil Gotshal & Manges has increased the base salary for its newly-qualified lawyers in London. The figure is now £150,000, up £5,000 more than it was previously. At £150,000 Weil Gotshal is firmly in the middle of what US firms offer in the London market. Goodwin Procter earlier this year said it would pay NQs […]
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New Mexico isn’t the place to be looking for referral relationships.
Law firms will need to consider their values if tensions between US and China continue to escalate
One judge is behind a spate of high-profile rulings
The magic circle has been usurped by the US ‘giants’ when it comes to corporate practice
Recent salary hikes have meant that several City firms’ NQ pay is higher than the PEP of some regional firms
Big deals mean big business. But as the Twitter saga shows, there’s also the potential for a dispute.
Fast-growing law firm Elevate has turned to US investment banking provider Stifel to begin a private equity capital raise, with Reed Smith as legal advisor. Having considered an AIM listing back in 2021, which was delayed due to Covid-19 disruption, Elevate has decided that private equity financing would be more conducive to its strategy and […]
Kirkland & Ellis has bolstered its investment funds practice by swiping a partner from Ashurst’s London office. Catherine Gokah makes the move after being appointed partner at Ashurst in May 2021. Her practice involves advising fund sponsors in respect to fundraising activities with a focus on real estate and infrastructure. Christopher Braunack, investment funds partner […]
A senior lawyer at Uber has been hired as the new general counsel of holiday and leisure company Bourne Leisure. Helen Hayes trained in private practice at DLA Piper where she practised as an associate in the commercial litigation department for 10 years. She then spent six years climbing the ranks at Uber covering Northern […]
Shoosmiths has launched its first ever firmwide bonus scheme as part of its newly-minted reward strategy.
Exeter-headquartered Ashfords is making plans to secure the longevity of the firm, whether that be through merger, acquisition or organic growth. CEO Louise Workman said the firm’s financials have stabilised following the “bizarre” Covid-19 years, meaning now is the time to start considering the future of Ashfords. She explained: “Now that we’ve sorted out the […]
A reduction in lawyer headcount and the strengthening pound is to blame for HFW’s revenue falling from £200.2m to £198.7m over 2021/22, The Lawyer has been told. The 0.8 per cent dip stands in contrast to the previous year, when HFW broke the £200m barrier due to a 2.6 per cent growth in turnover from […]
