Comment: Ditching lockstep – better too late than never?
‘Lockstep in its current form has to go. It’s just not working.’ Legal Business, June 2015 ‘The current incarnation of…
Salaries
Ditching lockstep – better too late than never?
‘Lockstep in its current form has to go. It’s just not working.’ Legal Business, June 2015 ‘The current incarnation of…
Comment: The associate pay smoke screen is fooling no-one
Associate pay used to be simple. Lockstepped and transparent to the nth degree on both sides of the Atlantic, you…
Associate pay smoke screen: it’s fooling no-one
Associate pay used to be simple. Lockstepped and transparent to the nth degree on both sides of the Atlantic, you…
As the City elite gets coy on associate salaries, US rivals are winning the battle for young talent
Madeleine Farman assesses the impact of another round of pay rises on the City market As US firms continue to…
Ince & Co brings in alternative career to partnership as it shakes up associate pay
Ince & Co is offering its lawyers the option to choose a different career path from the traditional partner track,…
Ince & Co brings in alternative career to partnership as it shakes up associate pay
Ince & Co is offering its lawyers the option to choose a different career path from the traditional partner track,…
‘Treated like civil servants’: judicial pay review promised after judges raise concerns
The Senior Salaries Review Body (SSRB) is to liaise with judges in a major review of their pay, after a…
‘Fiddling around the edges’: CC votes for more lockstep reform to keep pace
Partnership votes to raise compensation levels two years after last shake-up In its most recent bid to compete with high-paying…
‘A more complex approach’: CC votes through more lockstep reform to fend off mounting US threat
In a bid to keep pace with high-paying US rivals, Clifford Chance (CC) has voted through another round of changes…
Shearman hikes UK associate pay following 14% increase in City revenue
Shearman & Sterling‘s UK associates will see another increase to their salaries with newly qualified (NQ) lawyers taking home £10,000…
‘We won’t stop’: A&O management team on building out in the US and breaking lockstep
Allen & Overy (A&O)’s management is bullish about the Magic Circle firm’s US expansion plans, having broken lockstep twice in…
‘We can compete’: A&O breaks lockstep again for new Manhattan finance team
Allen & Overy (A&O) has broken lockstep again for a New York finance team hired last week, about six months…
Bar Council hikes PC fee as figures show elite barristers raking in £600m-plus a year
Fortunes at the Bar remain sharply split between haves and have-nots, with new research projecting just over 2,000 barristers now…
‘A relentless treadmill’: Nearly half of senior judges are considering quitting amid pay and workload grievances
The most recent Judicial Attitude Survey has revealed that a high proportion of senior judges are intending to quit the…
Camerons to raise top of equity to keep Nabarro heavyweights
CMS Cameron McKenna is to stretch its top of equity to accommodate the highest-earning Nabarro partners, as the firms prepare…
Slaughters seeks to maintain no billable hours culture with associate pay revamp
Associates at Slaughter and May will receive salary increases of up to 10% as of January 2017 following a major…
Snakes and ladders: Magic Circle tweaks lockstep but is it enough to hold off US firms?
Madeleine Farman reports on recent remuneration changes among the City elite With the growing threat of losing star partners to…
News in brief – December 2016
PARTNERSHIPS AT RISK IN AUTUMN STATEMENT Chancellor Philip Hammond signalled a change to partnership taxation in November’s Autumn Statement, which…
US bonuses: CC and A&O match Cravath reward of up to $100,000 for associates
Magic Circle firms Allen & Overy (A&O) and Clifford Chance (CC) have stepped up to match bonus levels rewarded by…