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…
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…