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…
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…
Lakshmi Kumaran & Sridharan has promoted its litigation practice head Anil Dutt to the partnership. Dutt joined the firm in 2011 from
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,…
Allen & Overy has increase trainee remuneration for the first time in three years. Starting from 1 September, first year trainees will receive £39,000, up from £38,000. Second…
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…
New York firm Shearman & Sterling has announced is set to reduce pay for equity partners and high earners, and increase pay for lower-ranking business generators. This evening…
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…
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 -…
Linklaters UK has increased the amount paid to students undertaking the Legal Practice Course and the Graduate Diploma in Law. Students with training contract offers from the firm…
McDermott Will & Emery is traditionally one of the very last major law firms to announce associate bonuses, and the firm has just gotten around to the matter of bonuses for…
The partner wage bill at Charles Russell plummeted from £3.3min 2010/11 to £245,844 in 2011/12 as a result of the firm’s restructuring in 2011. The firm invited all…
Cahill Gordon has announced “special” bonuses that will be paid this month ahead of the usual year-end bonuses in January, the latter of which follow the industry trend set…
Sidley Austin has announced year-end bonuses for associates and salary increases across the firm based on seniority. The bonuses are discretionary and the amount is determined on…
A new survey by Legally India shows significant income disparity within corporate firms in India. Pay increases by an average of 10 per cent each year between the first to fourth year after qualification, while in…