Yorkshire firm Chadwick Lawrence has introduced new initiatives and enhanced its benefits package to strengthen its competitive edge in retaining and attracting talent in the region. One of the initiatives is a wellbeing policy, granting every staff member two hours per week during work hours for personal health and wellness activities. The initiative was originally […]
London may be the epicentre of the talent wars, but its reverberations are widely felt. Outside the capital, rates for newly-qualified (NQ) lawyers have rocketed. Mass hybrid working has heated the pot and the talent pools available to regional giants are no longer geographically constrained. At the same time, regional firms know that they must […]
As private practice firms continue to increase NQ pay in a bid to match the competition, magic circle chambers are unmoved. The past year has seen a consistent rise in pupillage awards across the Bar. However, as the quest to attract the best pupils continues and awards reach figures as high as £100,000 in some specialist […]
Lewis Silkin has become the latest firm to introduce a parental leave policy that enables staff to take 26 weeks off at full pay. The new system means that all parents, regardless of gender identity, can take up to 52 weeks’ leave with 26 weeks at full pay. This matches policies already introduced by Ashurst, […]
Boodle Hatfield and Jenner & Block are the latest firms to have introduced new parental leave policies for their UK staff. The firms have updated former policies that provided new fathers with the standard two weeks’ paid leave while new mothers received 22 weeks’ paid leave at Jenner & Block and 15 weeks at Boodles. […]
The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last full update: 3 November 2023 Last minor update: 1 May 2024 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to […]
Chambers are assessing whether to increase their pupillage salaries ahead of the next application window, after a year of hikes across the largest sets.
Recognising the importance of feeling valued should be a top priority for law firm leaders. The impact of feeling unappreciated goes beyond mere dissatisfaction – it can be downright disheartening, leaving individuals questioning the significance of their roles and keeping an eye on the jobs board. The silver lining for employers is that reversing this […]
White & Case is the latest in a slew of US firms increasing pay in the City for junior lawyers. The firm has upped its newly-qualified (NQ) solicitor rate by 7 per cent from £140,000 to £150,000. Taking on a greater number of trainees in the City than its leaner US rivals (approximately 50 each […]
US firms in the City are increasing their salaries for newly-qualified lawyers (NQs), after rises across the Atlantic were announced last year. In November, the so-called Cravath scale saw firms across New York announce a new pay scale for its associate ranks. At the most junior end, it meant lawyers would receive $225,000. Firms in […]
Every member of staff at Newcastle-headquartered firm Muckle enjoyed a bigger bonus last year after the firm grew its profit share pool by more than 80 per cent. The firm’s profit share pool for the 2022/23 financial year amounted to £312,627, which meant every member of staff at Muckle received a bonus equivalent to 4.6 […]
Swedish firm Mannheimer Swartling has revamped its remuneration system for associates in a bid to bring it in line with the firm’s pure lockstep model for partners. Mannheimer brought in a bonus scheme for associates around a decade ago with junior lawyers assessed on registered hours worked. The result was a flat bonus awarded to […]