As private practice firms including Allen & Overy downsize their trainee intakes the successful legal arm of Kent County Council has introduced its first trainee programme as it also unveils a significant increase in profitability. As of September, Kent Legal Services (KLS) will take on five trainees as it moves to grow its business. The legal …
Allen & Overy’s (A&O) decision today (15 August) to reduce its trainee intake by 15% in 2015 will be closely watched by City rivals, many of which are also considering whether to cut their trainee numbers in light of diminishing newly-qualified (NQ) roles in the medium term. The top five LB100 firm, which achieved a …
If you see a rabble of trainees at the pub this lunchtime they may well be from Norton Rose Fulbright (NRF), which today (13 August) announced it has increased its newly-qualified (NQ) salary by £1,500 and offered in excess of 90% of its trainees a permanent position. The newly merged, 3,800-lawyer firm has announced a trainee …
A resurgence in commercial real estate work has seen heightened lateral activity in the sector with hires by Macfarlanes, Lawrence Graham (LG) and Howes Percival in a week that has also seen CMS Cameron McKenna boosts its reinsurance capability with the hire of RPC head Simon Kilgour. Macfarlanes continues to focus on growing its non-contentious construction …
The trainee retention rates rollercoaster continues to bring with it good news and bad as today firms including Hogan Lovells, Reynolds Porter Chamberlain (RPC) and Travers Smith are on something of a high. Top 50 UK firm Travers Smith has posted a 95% retention rate while at transatlantic firm Hogan Lovells – where out of …
Continue reading “Trainee Retention: Hogan Lovells, Travers and RPC reveal numbers”
With 2013 offering all the dubious promise of being the toughest legal labour market since 2013, Watson, Farley & Williams has become the latest top 40 firm to announce it is to review its secretarial support function in its London office. A firm spokesperson said: ‘Secretaries in WFW’s London office were recently advised that a …
Continue reading “Redundancy 2013: Watson Farley latest top 40 firm to review secretarial jobs”
Jacoby & Meyers is to establish a new joint venture in the UK as the major US consumer law firm says the UK’s external funding and ownership regulation has ‘stolen a competitive march from the other key legal jurisdictions, including the U.S’ that will see Jacoby now focus much of its growth in London. The …
With the Legal Education and Training Review (LETR) having just last month thrown down some spiky if not unexpected challenges to education providers, yesterday’s (8 August) news that BPP has been awarded university status was a welcome boost. The decision by the Department for Business, Innovation & Skills (BIS) to award the university title to BPP …
Following last week’s round of positive trainee retention rates within a mix of Magic Circle, international and regional firms; the latest batch of results has revealed a substantial reduction in the number of newly qualified lawyers offered a position at their respective firms. It’s bad news for the junior lawyer at Shoosmiths as the national …
It’s been a tough year for national firm Hill Dickinson. With both profit per lawyer and profit per equity partner taking a tumble of 15% – each at £33,000 and £264,000 respectively – and recent partner and staff redundancies matching others struggling in a turbulent market, the 200-year old firm has confirmed that it has …
Continue reading “Investment costs: Hill Dickinson partners vote through £2.8m cash call”
