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…
One quit his training contract after 10 months and never actually qualified Andy Burnham’s newly announced Cabinet features three lawyers, a former trainee solicitor who didn’t finish his training contract and a non-lawyer who’s been given the role of Lord…
Up 9% Magic Circle firm Clifford Chance partners are now pocketing an average of £2.3 million each, as the firm posted record results for the last financial year. The 9% PEP bump came alongside revenue climbing 9% to £2.6 billion…
Relocating in 2029 Mishcon de Reya is on the move, signing a 20-year lease for four floors at Holborn’s MidCity Place. The firm will occupy 161,000 sq ft across four floors, including a large client hospitality and events space, once…
Barred from profession A former compliance analyst at Debevoise & Plimpton has been barred from working in the legal profession after pretending to be one of its lawyers in a private tenancy dispute. Ridita Rahman, who joined the US firm’s…
Jonathan Reynolds back as Business Sec Jonathan Reynolds – credit: Lauren Hurley/No 10 Downing Street A Labour MP who made headlines last year after describing himself as a “solicitor” despite never completing his training contract has reclaimed his old role…
All change Alex Norris MP and Ellie Reeves MP Two of the most senior legal roles in government changed hands yesterday as new PM Andy Burnham reshaped his cabinet. Alex Norris MP, who represents Nottingham North and Kimberley, steps into…
Up 11% Partners at Magic Circle firm Linklaters are now pocketing an average of £2.48 million each, an 11.4% jump on the previous year, with the firm posting strong financials across the board. The profit per equity partner (PEP) boost…
Support roles US law firm K&L Gates is preparing to cut 10% of its staff worldwide, becoming the latest in a line of firms to announce cuts to their support roles in recent months. In a statement, global managing partner…
More summer rises Baker McKenzie has become the latest City law firm to match Magic Circle pay levels, increasing newly qualified (NQ) solicitor salaries in London from £145,000 to £150,000. The 3.4% uplift took effect from the beginning of July…