The highest-paid LLP member at Linklaters took home £3.2m during the last financial year, a 33% increase on what was paid in in 2013/14.
Continue reading “Linklaters pays out a third more to highest-earning member in latest LLP accounts”
Shearman abandons defined-benefit scheme to defuse pensions time bomb
While some US law firms have long ignored mounting pension liabilities, relying on annual profits to pay retirees, Shearman & Sterling has become the latest firm to alter its pensions system to limit future payouts.
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Sharing the pie: DLA Piper launches meritocratic remuneration review
Sector activity to become core part of pay assessment
While other major firms break their locksteps to bring in high-profile recruits, DLA Piper is going the opposite way, launching a review of its remuneration structure to encourage greater cross-selling throughout the firm.
The review is being led by co-chief executive Simon Levine, who pledged to review the firm’s remuneration system as part of his successful bid to take over from Sir Nigel Knowles last year.
Continue reading “Sharing the pie: DLA Piper launches meritocratic remuneration review”
Sharing the pie: DLA Piper launches meritocratic remuneration review
While other major firms break their locksteps to bring in high-profile recruits, DLA Piper is going the opposite way, launching a review of its remuneration structure to encourage greater cross-selling throughout the firm.
Continue reading “Sharing the pie: DLA Piper launches meritocratic remuneration review”
Olswang launches 10% staff bonus to encourage entrepreneurs
After what has been a challenging couple of years for TMT firm Olswang, chief executive Paul Stevens is launching a series of initiatives in a bid to ‘re-ignite the firm’s entrepreneurial spirit’.
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Slater & Gordon to put non-exec director pay rise to vote at AGM
Australian listed firm Slater & Gordon will ask shareholders to vote on a pay increase for its four non-executive directors at its Annual General Meeting (AGM) next month.
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KWM to smash lockstep pay limits for star partners as war for talent rages
With its City rivals increasingly breaking their remuneration models for star hires, King & Wood Mallesons (KWM) has created a firm-wide remuneration pot to fund marquee hires across the world.
Continue reading “KWM to smash lockstep pay limits for star partners as war for talent rages”
KWM launches ‘global partner’ programme to secure star recruits
With its City rivals increasingly breaking their remuneration models for star hires, King & Wood Mallesons (KWM) has created a firm-wide remuneration pot to fund marquee hires across the world.
Intent on rebuilding its corporate department in London following a string of big-billing partner exits, the move will allow KWM to at least double the amount of money it can currently offer incoming partners and pay over £2m for top names.
Continue reading “KWM launches ‘global partner’ programme to secure star recruits”
Keeping up with the Joneses – will A&O’s pay overhaul keep top talent?
Sarah Downey looks at the £20k pay boost and whether the market will follow suit
Allen & Overy (A&O)’s decision to award lucrative associate salaries similar to some US firms in July, as part of a wider overhaul of how it rewards junior lawyers, has sparked renewed debate in the City about how best to retain top talent.
Continue reading “Keeping up with the Joneses – will A&O’s pay overhaul keep top talent?”
‘Why £70k? That’s where we think we need to be’: Travers Smith boosts NQ salaries by 9% to match Slaughters
Having enjoyed another respectable financial performance for the 2014/15 year, Travers Smith has boosted its newly qualified (NQ) associate salaries by £6,000 to £70,000 from £64,000, constituting a 9% rise and putting its rates on a par with Slaughter and May and Hogan Lovells.