Demand for elite junior legal talent remains high Milbank has followed its record trainee pay rise and latest NQ salary hike with yet another cash boost, handing associates “special bonuses” worth up to nearly £20,000. The hefty payday was announced…
Lifestyle creep In our latest career conundrum submission, a young lawyer wants to quit but is struggling to walk away from such a well-paid job. “Hello Legal Cheek. My career conundrum hasn’t come up yet, which surprises me a bit….
But pay is a long way off City law firm salaries The Crown Prosecution Service (CPS) is expanding its trainee intake by 50% as it seeks to develop more legal talent at junior level. The CPS will take on 120…
Trainees handed more cash too Mishcon de Reya has increased the pay of its newly qualified (NQ) solicitors, taking rates from £100,000 to £110,000, a 10% rise that comes into effect from September. The London outfit, which announced this week…
14 of 23 Gowling WLG will retain 14 out of 23 trainees due to qualify this autumn, handing the firm a score of 61%. It would appear competition for spots was particularly Hugh in the firm’s London office where there…
The top legal affairs news stories from this morning and the weekend CPS hires more trainee lawyers in bid to compete with Big Law [Financial Times] (£) Law student charged in connection with ‘dissident republican bomb’ seized near Irish border…
Another BigLaw-tech tie-up US law firm Willkie has teamed up with ChatGPT-maker OpenAI as part of the firm’s push to build its own AI tools. Under the deal, announced this week, Willkie will roll out ChatGPT Enterprise across the firm…
Partner pay hits £1.53 million HSF Kramer has posted revenue of £1.8 billion ($2.4 billion) in its first set of financial results since the merger of Herbert Smith Freehills and Kramer Levin. The figures cover the period from 1 May…
Wined and dined A City law firm partner was encouraged to consume alcohol over a lengthy lunch and dinner by private spies posing as prospective clients, in a covert sting the Court of Appeal has condemned as having “no place…
Partner pay hits £1.4 million Travers Smith has posted record financials across the board, with turnover reaching £229.4 million and profit per equity partner (PEP) climbing to £1.4 million, the highest in the firm’s history. Turnover rose 9.1% to £229.4…