Law firm news by topic » Herbert

Law firms defy downturn to post bumper results

Jul 14, 2008 As investment banks continue to announce widespread redundancies, the largest global law firms are turning in double-digit revenue increases despite the credit crunch forcing a downturn in deal activity.

more »

Salary sparring continues in the City

Jun 29, 2008 Two leading City firms have reversed their earlier decisions to freeze pay. Olswang has upped its NQ salaries to £63,500 despite earlier announcing it was not going to increase the rate. Herbert Smith has also repealed…

more »

Herbert Smith reverses decision to freeze salaries

Jun 22, 2008 Herbert Smith has become the second firm in recent weeks to renege on its decision to freeze junior lawyer salaries. The top ten City law firm announced today (19 June) that it will be hiking first year trainee solicitor…

more »

City law firms retain less than 90% of trainees

Jun 14, 2008 Some of the UK’s largest City firms have released their trainee retention rates for the September 2008 intake, with the majority offering places to fewer than 90% of their trainees. Of the eight firms that have…

more »

UK law firm salary reviews: a bit of an anticlimax

May 21, 2008 There were several pay-freezes and a couple of modest increases in this year's first round of associate salary reviews, unlike during the previous downturn there have been no cuts, as this year firms have been buffered…

more »

Herbies' profit smashes £1m per partner

May 14, 2008 Herbert Smith has recovered from its poor 2006-07 financial performance with its average profit per equity partner (PEP) figure breaking the £1m barrier for the first time. Over the 12 months to the end of April the…

more »

Salary reviews - Freshfields leads Magic Circle

May 11, 2008 Following the recent salary reviews, RollOnFriday has published a detailed "Table of Dosh" currently including City law firms such as Shearman & Sterling, Freshfields, Allen & Overy, Linklaters, Clifford Chance, Herbert…

more »

Herbert Smith announces associate pay freeze

May 2, 2008 Herbert Smith has confirmed that it will not be increasing associate salaries for the next financial year. Salary bands will remain the same as last year, with newly-qualified solicitors taking home £64,000, lawyers…

more »