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10 stumbling blocks in a business exit

Every business exit is different and a seller’s requirements will vary depending on the nature of their target business, the parties involved and the wider commercial climate. Even so, common issues crop up regularly.

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financial

Quinn matches Cravath with $340,000 salary for top-end associates

Quinn Emanuel Urquhart & Sullivan will pay top-end associates $340,000 a year as the battle between US firms for the best talent rages on, it has emerged. The pay scale announced by Quinn matches Cravath Swaine & Moore’s figures released earlier this week, as US firms continue to up the stakes in associate remuneration. Milbank Tweed […]

Clifford Chance goes to $190,000 to match Cravath in New York

Clifford Chance has become the first magic circle firm to announce that it is matching Cravath’s salary scale in its US offices. An internal memo shared with The Lawyer said that salary increases would take effect from 1 July. While Milbank Tweed Hadley & McCloy became the first firm to announce it would pay its […]

money

Milbank challenges Cravath with bumper increases in associate pay

Milbank Tweed Hadley & McCloy has set a new bar for US associate salaries, increasing newly-qualified pay to an industry high of $190,000. The rise puts it above trendsetter Cravath Swaine & Moore, which last upped associate pay for first years in 2016 to $180,000. Lawyers with eight year PQE will pick up $330,000, based […]

Supreme Court

Mishcon felled by four-lawyer firm in landmark Pimlico Plumbers case

In a David and Goliath battle, Mishcon de Reya client Pimlico Plumbers has lost its final appeal against a former employee in a long-running feud over workers’ rights. The five judges unanimously agreed that claimant Gary Smith was a Pimlico Plumbers employee during his time working for the company and not, as Pimlico Plumbers was […]

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