Travers Smith has revealed a cohort of six partner promotions in its latest round. This round marks an increase of one from last year’s five, after a drop of nearly half compared to Travers’ largest partner cohort to date of 11 in 2022. The promotions cover a broad range of practice areas including Ingrid Hodgskiss […]
Goodwin has surpassed the newly-qualified solicitor pay offered by US firms Kirkland & Ellis and Vinson & Elkins, by upping its rates to £175,000. Pay for NQs increased from £161,500 from the start of June, a jump of nearly £15,000. Kirkland and Vinson & Elkins currently pay their NQs just over £173,000. Goodwin is also […]
Newly-qualified solicitors and trainee supervisors at Charles Russell Speechlys are being asked for feedback on the firm’s training programme to support junior lawyers coming through the SQE route. The firm is carrying out a strategic review and training needs analysis among its recent NQs, knowledge development teams, early careers professionals, existing trainee supervisors and business […]
“Today, you are now earning more than the Prime Minister of the United Kingdom,” is the favoured introduction of one senior partner on day one of NQ induction at a US firm, and The Lawyer can reveal that in fact, 101 newly-qualified (NQ) solicitors are now earning more than the Prime Minister, with some taking […]
A&O Shearman has increased its newly-qualified (NQ) solicitor pay to £150,000, having said it would keep to its £125,000 rate on merging last month The firm matches its rivals, which have all increased their NQ salaries by £25,000 in the last month to £150,000. Freshfields Bruckhaus Deringer was first, followed swiftly by Linklaters and then […]
Artificial intelligence is the only technological development that’s seen the same levels of stratospheric adoption since Big Law bosses could drop their employees an out-of-hours ‘ping’ on Blackberry Messenger. And it’s only getting bigger, says LexisNexis, which has spoken to many of City’s top 50 managing partners who all want to be fast followers of […]
The total cost for the Solicitors Qualifying Examination (SQE) has already seen an increase of 11 per cent in the first two years of its rollout…and that’s just the exam fees. Firms and candidates alike are bemoaning the hidden costs the SQE can bring on top of the price of the exam and law school. Law school historically […]
Slaughter and May is leading for the owner of Royal Mail, which is poised to accept a takeover bid from Czech-owned EP Group (EP). EP’s bid values International Distribution Services (IDS) at approximately £3.5bn. Slaughters’ corporate team for IDS is led by partners Richard Smith and Claire Jackson. Kirkland & Ellis is leading for EP […]
The lower mid-market is full of law firms that want to move up the food chain. Shoosmiths is one of them. With a national corporate practice of 30 partners across 14 locations, according to The Lawyer‘s Practice Analysis service, the bedrock of its work has historically been chunky regional deals. It is now gunning for […]
Clifford Chance has hired a structured finance partner from A&O Shearman after the two firms’ merger last week. Daniel Shurman joins Clifford Chance in London from legacy Allen & Overy, becoming a partner in its derivatives and structured products practice. Emma Matebalavu, global head of financial markets, commented: “Daniel’s appointment is a testament to our commitment to […]
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
Charles Russell Speechlys (CRS) is continuing its innovation strategy rollout with the introduction of a new programme for its trainee solicitors. Following the launch of its ‘advanced client solutions’ (ACS) team in early April, the firm has now brought in Russell Up, a scheme designed to have each trainee deliver four innovation projects throughout their two-year training […]