Allen & Overy (A&O) has grown to become the second largest firm in the magic circle as measured by turnover. According to its 2016/17 financial results, A&) has posted global
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Linklaters has implemented aAs Magic Circle firms complete mid-year reviews of associate pay, some firms have increased salaries while others have maintained current pay rates.
Freshfields Bruckhaus Deringer will see six finance partners exit by the end of the month as the firm restructures its finance department. In addition, two
Slaughter and May has announced that Charles Cameron will head upSeveral Magic Circle firms have implemented leadership changes recently across various practice areas.
Clifford Chance is currently reviewing its lockstep points system, after having recently voted to modify its remuneration system last year. The review is intended to reward
Linklaters has updated its lockstep structure in order to bring increased flexibility to its system of promoting partners on the firm’s ladder. The changes were voted in on November
Slaughter and May has reported autumn trainee retention of 89%, landing the firm in the middle of Magic Circle retention rates. The firm had 36 trainees, of which 32 accepted
Clifford Chance has announced that the firm will reduce its number of trainee recruits beginning in September 2018. The firm plans to recruit 80 trainees each year, a 20 per
Simon Johnson has been named new global finance head at [Freshfields Bruckhaus Deringer ]. Johnson is currently a real estate finance partner at Freshfields, and replaces David Trott, who will remain with the firm in a
Linklaters is granting 24 lawyers the title of partner in this year's promotion cycle. The 24 promoted lawyers represent a slight increase overMagic Circle London-based law firm
Allen & Overy plans to create 100 new jobs in Belfast. Just three years prior, the firm created centers for support service and legal service in Belfast, nowMagic circle firm
Compared to five years prior, the number of UK trainees has fallen by 17% among Magic Circle firms. Clifford Chance and Allen Overy led the statistical drops with 25 and 23% drops, respectively in the given period.
Linklaters has announced that it will retain 93 per cent of its trainees this autumn, offering 54 of 57 trainees a position as a newly qualified lawyer, and seeing 53 accept the offer. Linklaters is the first among
Freshfields Bruckhaus Deringer has reported a 1 per cent increase in revenue in the 2013-14 financial year, bringing in a total of £1.232bn,Magic circle firm