When it comes to the rate of AI adoption, the market has moved at rocket speed from a phase of experimentation right through to real-life deployment. It’s now commonplace for firms to invest well into the millions on AI solutions. How do firms intend to embed AI culturally and ensure long-term adoption? LexisNexis and The […]
White & Case has revealed increased salaries for its lawyers in London, including for its trainees and newly-qualified (NQ) solicitors. From January 2025, all lawyers in London can expect to see a pay rise, with some bands increasing by nearly 20 per cent. NQ solicitor pay will increase by 16.6 per cent from £150,000 to […]
Paul Weiss Rifkind Wharton & Garrison has secured another partner hire from Kirkland & Ellis to build out its City funds practice further. Jeremy Leggate joins from Kirkland as a partner and will co-head the firm’s European investment funds team. He spent just over nine years at the firm, originally joining as an associate before […]
Taylor Wessing has hiked salaries for newly-qualified solicitors (NQ) by 15 per cent, while Gowling WLG has opted for a more conservative 3.2 per cent uplift. After a record-breaking year for the firm, Taylor Wessing has confidently increased its NQ rates by 15 per cent from £100,000 to £115,000. The financial support for its future […]
Linklaters is retaining 46 of its 59 qualifying trainees for this autumn round, posting a retention rate of 78 per cent. No qualifiers will be kept on fixed-term contracts (FTC) unlike the previous round this year where one was offered an FTC. Eleven of the qualifiers were also part of the cohort transferred over from […]
Slaughter and May’s head of legal operations is set to depart the firm after 19 years. Jane Stewart has been with Slaughters her entire career, spanning numerous roles. She joined the firm in 2005 as a trainee solicitor, qualifying into the corporate finance team as an associate in 2007. After spending nearly 10 years as […]
Clifford Chance and Slaughter and May are both cashing in on longstanding ties to PLC clients with Informa’s proposed acquisition of Ascential. Clifford Chance is leading for FTSE 100 company Informa, a UK heritage events business, on its acquisition of PLC rival Ascential – the operator of Cannes Lions and Money20/20. The deal is valued […]
Charles Russell Speechlys (CRS) achieved double-digit growth in revenue and net profit for the financial year ending 30 April, with firmwide revenue reaching £218.3m. The firm saw revenue grow by 13 per cent on the previous year with revenue in the UK increasing by 12 per cent to £174.4m. Firmwide net profit increased by 20.5 […]
Kirkland & Ellis is hiring a new partner from Clifford Chance, in a move that will grow its outsourcing and technology expertise in London. André Duminy joins Kirkland after nearly 25 years at Clifford Chance, where he is head of its London tech and digital group and co-head of the strategic sourcing and complex contracting […]
White & Case has continued its expansion of its investment funds practice in the UK, with another hire from Ropes & Gray. Alexandra Chauvin joins White & Case as a partner in its investment funds practice and global private equity industry group from Ropes where she spent just over two years. Chauvin specialises in secondaries […]
Clifford Chance has altered its associate bonus review process in the UK, bringing it in line with offices in the US. The new system was introduced at the beginning of June and sees associates better rewarded when they are higher in demand – ultimately linking the number of hours billed to the individual’s bonus potential. […]
Reed Smith has increased its newly-qualified (NQ) solicitor salary to £125,000 in its first rise since announcing a hike in 2021. From September this year, the firm is set to increase base salaries for NQs from £107,500 with all other associate-level salaries expected to rise in line with the change. The new compensation structure means […]