Hogan Lovells has bumped up the salaries of its newly qualified lawyers by £5,000 to £70,000 in a move that will see it again match the salary on offer at Magic Circle firm Slaughter and May.
‘We will continue to review and innovate in this area’: Baker & McKenzie overhauls pay structure in Europe and Asia
The world’s largest law firm, Baker & McKenzie, is set to overhaul its longstanding remuneration system in Europe and Asia, with a large percentage of pay set to be decided by the success of each region.
Baker & McKenzie overhauls pay structure in Europe and Asia
Larger regional pools to replace national pay by year end.
The world’s largest law firm, Baker & McKenzie, is set to overhaul its longstanding remuneration system in Europe and Asia, with a large percentage of pay set to be decided by the success of each region.
Continue reading “Baker & McKenzie overhauls pay structure in Europe and Asia”
News in Brief – November 2014
PWC LEGAL LOOKS FOR REGIONAL GROWTH
Addleshaw Goddard and DLA Piper veteran Neal Shepherd was recruited by PwC Legal to head a regional push out of its Manchester office. The accountancy giant is targeting the north of England, with Shepherd focusing on mid-market M&A and expanding the team into PwC business areas, including employment and pensions.
Salaries: Allen & Overy thaws out and increases trainee/associate pay
After having decided to freeze pay earlier this year, Allen & Overy (A&O) has decided to up trainee, junior and mid-associate level pay after reviewing the salary market at half year.
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Norton Rose Fulbright ups NQ salaries to Magic Circle levels
Top 10 Global 100 firm Norton Rose Fulbright (NRF) has elevated its newly-qualified (NQ) lawyer salaries to Magic Circle firm levels, putting it on a par with Linklaters and Slaughter and May. Continue reading “Norton Rose Fulbright ups NQ salaries to Magic Circle levels”
Cleary bumps up London junior pay in end to salary freeze
Cleary Gottlieb Steen & Hamilton has increased its trainee and junior-level associate pay following a salary freeze, pushing second year post qualification experience (PQE) lawyers into a six digit sum. Continue reading “Cleary bumps up London junior pay in end to salary freeze”
Ashurst remuneration review sees partner profit points allocated up front
Ashurst is to adopt merger partner Blake Dawson’s system of allocating partner profit points at the start of the financial year, potentially ending criticism that its original appraisal system lacks transparency. Continue reading “Ashurst remuneration review sees partner profit points allocated up front”
Slaughters, A&O and Linklaters announce associate pay increases
Trainees, NQs and PQEs to receive salary boost.
Setting the bar for trainee, newly-qualified (NQ) and associate pay last month were early Magic Circle movers Slaughter and May, Allen & Overy (A&O) and Linklaters, as Ashurst, Hogan Lovells and Shearman & Sterling were among other firms to announce changes.
Linklaters’ decision to increase pay pushes it ahead of the Magic Circle pack, with first-year trainees’ pay up by £500 to £40,000, and NQ salaries by £1,000 to £65,000. One-year post-qualified experience (PQE) associates also took home an extra £1,000 to £70,500, while two and three-years PQE saw more substantial increases, up by £3,750 and £4,500 to £82,000 and £93,500 respectively. These increases are significantly higher than last year, when pay rose by £2,250 and £1,000 respectively for two and three-year PQE associates.
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Freshfields increases associate pay across the board
Freshfields Bruckhaus Deringer today (29 May) unveiled a significant pay hike for its newly qualified (NQ) and junior ranks, with trainees also in line to take home £1,500 more, following a pay freeze in 2013.
Continue reading “Freshfields increases associate pay across the board”