Law firm news by topic » Pay

Highest paid partners make 10x more than colleagues

Jun 5, 2013 There is a growing divide between the biggest rainmakers at large law firms and their colleagues, according to Steven Harper, the Northwestern professor and author of 'The Lawyer Bubble: A Profession in Crisis'. Harper…

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Paralegal pay rises 3%

Jun 3, 2013 A new survey has shown a 3 per cent increase in pay for paralegals over last year’s figures, while the rates that law firms charge clients for paralegal services dropped 5 per cent in the same period. The survey…

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Herbert Smith Freehills freezes pay in Australia

May 22, 2013 Herbert Smith Freehills has frozen salaries in its Australian offices, with the Australian managing partner Jason Ricketts informing staff at legacy firm Freehills that pay reviews have been deferred indefinitely, while…

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US law firms opt for smaller equity partnerships

May 11, 2013 The American Lawyer reports that leading US law firms are shrinking the proportion of equity partners relative to the number of fee-earners, and routing capital to improve profits per partner. The American Lawyer…

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Magic Circle 'wasted' £10m on trainees last year

Apr 30, 2013 A report by The Lawyer shows that trainee attrition cost magic circle law firms more than £10m between them last year. The report looks at how much each firm invested in training, including the LPC course fee,…

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In-house lawyers closing the pay gap

Apr 18, 2013 A new report has found that the wage gap between private practice and in-house lawyers is closing, as the amount of time taken to reach partnership continues to increase. Towers Watson’s Legal Salary Report found…

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Reports say 99 jobs at risk at DWF

Mar 26, 2013 Roll On Friday says that 99 employees may be at risk of redundancy at DWF. The report comes from an anonymous source, who says that the firm has launched a consultation process putting…

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US law schools ranked by starting salary

Mar 20, 2013 Last year, Forbes magazine ranked schools according to mid-career median salaries. This year they have decided to take a slightly different approach, ranking the schools according to median starting salaries because -…

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