The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last update: 3 November 2023 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to offer NQs £100,000 in London back in […]
Clifford Chance, Hogan Lovells and Milbank are just three of the seven firms involved in what is set to be one of the most significant High Court Libor cases to date, as the US prepares to fight some of Europe’s biggest banks. Barclays, Deutsche Bank and UBS are among the six banks on the defensive, […]
Taylor Wessing has pushed ahead with its UK partner promotions, months after it postponed this year’s round while battling the consequences of the pandemic. The firm has made up five lawyers, exactly the same number as its 2019 promotions. This time, two female lawyers made the cut, as opposed to three last year. Starting in […]
BLM has concluded its second redundancy process, which will see 71 people leaving the firm. Most of the roles pertain to BLM’s legal support and corporate services across England, Wales and Scotland; it is the outcome of an exercise started in August. It marks the second round of headcount cuts the firm has embarked on […]
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last update: 3 November 2023 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to offer NQs £100,000 in London back in […]
Clifford Chance, Hogan Lovells and Milbank are just three of the seven firms involved in what is set to be one of the most significant High Court Libor cases to date, as the US prepares to fight some of Europe’s biggest banks. Barclays, Deutsche Bank and UBS are among the six banks on the defensive, […]
Taylor Wessing has pushed ahead with its UK partner promotions, months after it postponed this year’s round while battling the consequences of the pandemic. The firm has made up five lawyers, exactly the same number as its 2019 promotions. This time, two female lawyers made the cut, as opposed to three last year. Starting in […]
BLM has concluded its second redundancy process, which will see 71 people leaving the firm. Most of the roles pertain to BLM’s legal support and corporate services across England, Wales and Scotland; it is the outcome of an exercise started in August. It marks the second round of headcount cuts the firm has embarked on […]
Covid-19 is tearing up the rule book on how and where we work.
Talent churn is accelerating among the junior ranks with today’s associates more mobile than the generations before them. The concept of long-term professional loyalty is fading as Gen Z rises. These lawyers ask not what they can do for you, but what your firm can do for them. This generational shift in working attitudes is […]
Hooray, big-ticket M&A is having a mini-revival and so are the firms that make so much of their money out of it. Already in 2024, major European M&A deals to have been announced include International Paper’s £5.8bn planned acquisition of London-listed packaging company DS Smith, which trumped another offer from rival Mondi. Other significant matters […]
On Tuesday last week (9 April), the SRA sought to quell a rising tide of discontent around the Solicitors Qualifying Examination (SQE). In its most recent SQE annual report, SRA chief executive Paul Philip said the public and profession could have “confidence” in this “rigorous assessment”. That confidence was short-lived. Yesterday (15 April), Philip was […]
For one firm, the pan-Nordic dream is dead. For another, it’s just begun. Hannes Snellman’s announcement that its Stockholm and Helsinki offices will be going their separate ways later this year represented the end of a strategic gamble that started 16 years ago. Back then, its leadership bet that opening in Stockholm (2008) and Copenhagen […]
It seems that one of the chief attributes of managing partners is wild optimism. You can’t move for law firm leaders committing their firms to hardcore five-year targets – particularly in the upper mid-tier, where we’re hearing of plans to double or even triple revenues by the end of the decade. We’d like some of […]
The residents of the Barbican Centre’s Cromwell Tower organised a demonstration outside magic circle firm Linklaters on Tuesday to protest against its diesel generator, which was installed in late March. Protestors claim that the firm is “prioritising their convenience over [resident] health”. The generator is used to power the London office’s lifts and air conditioning. […]
BT has further shrunk its panel for the third review in a row having appointed a total of 11 firms to its roster. The panel will run for three years and includes 10 firms that have been reappointed from 2020. Those continuing their relationship with BT after the latest review are the likes of Allen […]
Dentons has promoted 12 lawyers to partner in the UK, Ireland and Middle East (UKIME) this year, including nine partners in London. Of the remaining three promotions, two were made in Glasgow and one was made in Abu Dhabi. Most of the promotions have been made in the projects team, with Claudia Thomas and Graham […]
Freshfields Bruckhaus Deringer has made up 23 lawyers to partner globally in its smallest round for three years. Last year, the magic circle promoted 30 to partnership worldwide, with 27 making the grade in 2022. There were 22 elevations in 2021. As a result, the London set is also slightly smaller than in previous years. […]
The Lawyer‘s Christian Smith, Catrin Griffiths, Richard Simmons, Katy Dowell and Charlotte Lear are joined by College of Legal Practice CEO Giles Proctor for this emergency episode of The Lawyer Podcast as they discuss the latest Solicitors Qualification Exam debacle: marking errors that led to 175 students being incorrectly told they had failed. What went […]
