Law News
Law news found and posted by the lawyrs community.
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Apr 25 2012
Allen & Overy has granted a minor pay rise to junior associates, with a £500 raise for newly qualified, 1 PQE and 2 PQE lawyers (to £61.5k, £68.5k and £74.5k...
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Apr 16 2012
UK firm Kennedys has increased its equity partnership by 30 per cent in 2010-11, from 50 to 65 partners. In the same period, 42 fee earners were added to the firm’s...
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Feb 10 2012
A survey of lawyer satisfaction with pay at UK firms has found that 100 per cent of Bingham McCutchen associates were completely satisfied with their pay, which is not...
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Feb 07 2012
A new survey put together by New York-based headhunter and consultancy The Cowen Group has attempted to evaluate the ratio of salaries to revenue within law firms,...
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Feb 02 2012
The cost-cutting measures undertaken by law firms in the recession – including smaller entry-level classes, stagnant salaries and an impossibly long road to...
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Jan 13 2012
Kirkland & Ellis has increased the salaries of all associates in London, with newly qualified lawyers now £7000 better off on £97,000.
The increases put the firm...
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Dec 21 2011
Bird & Bird has increased its fee-earner headcount by three per cent this year, from 654 to 673. The growth represents one of only a few cases of firms adding to...
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Dec 05 2011
There is an interesting account – published in The Lawyer – of the dramatic increase in the salaries paid to graduates in top Indian law firms over the past five...
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Nov 21 2011
The momentum behind moves for increased transparency in consumer information regarding law schools is growing, with an ABA committee working on a new accreditation...
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Nov 09 2011
Interesting article here that speculates upon bonuses and salaries in large Canadian law firms. According to Dal Bhathal, the managing director of legal recruitment...
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Oct 13 2011
UK firm Addleshaw Goddard has effected a pay increase for newly-qualified lawyers, raising the salary by 4 per cent in the firm's regional offices and by 2% in London....
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Sep 20 2011
Eversheds has become the first law firm to sign up to a new voluntary gender reporting initiative launched by the UK Government.
The ‘Think, Act, Report' initiative...
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Aug 24 2011
Pinsent Masons and Wragge & Co have announced the details of their associate slaries for 2011-12, with both firms freezing rates for newly-qualified lawyers in London....
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Jun 14 2011
Clifford Chance has announced marginal salary increases for most lawyers. Pay for newly qualified lawyers will remain at £61,500 , while pay for those with one year of...
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May 26 2011
Shearman & Sterling has announced a pay rise for UK qualified associates, increasing salaries by as much as 15 per cent within its three-tier merit-based system....
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May 13 2011
Allen & Overy and Linklaters have frozen salaries for associates. This means that lawyers will progress to the next salary band according to the lockstep system, but...
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Apr 18 2011
Government cost cutting, at both the state and federal level, is threatening access to justice in the US, according to reports.
According to the Wall Street...
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Mar 31 2011
US News, those inventive list makers, has come up with yet another ranking system for prospective law students: “10 Law Degrees With Most Financial Value at...
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Feb 02 2011
Here is an interesting article on law firm appraisals. It takes a look at the utility of providing feedback and professional development opportunities, and discusses...
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Jan 25 2011
If law schools are brought into existence to serve a social purpose and create ‘socially conscious’ individuals as they claim to do so, then the prevailing structure...
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Dec 13 2010
Law firms in the Washington area in the US managed to increase profits for equity partners in 2010, In spite of flat revenue, by cutting expenses.
A study by the...
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Nov 30 2010
The US Government has taken the step of freezing salaries on federal employees for two years.
Lawyers who left big law looking for some stability during the...
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Nov 17 2010
While the job market in the legal sector remains dire, students are applying to law school in record numbers and are willing to borrow to finance soaring tuition fees....
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Nov 11 2010
The Washingtonian magazine has released a salary survey issue, reporting on the salaries of all manner of professionals in the US capital, and including a section on...
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Nov 03 2010
Before the recession, graduate starting salaries grew at a rate that considerably outstripped inflation. When the demand for legal services dropped, law firms moved to...
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Sep 16 2010
A new study of salaries for US associates has shown that they have remained steady throughout the recession.
The report by the National Association for Law...
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Jan 06 2010
Amongst those at the top of the BigLaw ladder, partners at the ten highest-grossing law firms in Washington, D.C., have been earning seven-figure annual incomes and...
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Dec 02 2009
BigLaw firms are shrinking and so are associate salaries. But billing rates are expected to go up next year.
In the latest survey from the law firm consultancy...
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Aug 21 2009
Indian firm FoxMandal Little has paid the salaries to Delhi fee-earners after cashflow difficulties led to a two-month payment stop.
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May 08 2009
In 2007, New York City firms were raising starting salaries to match the $160,000 mark set by Simpson Thacher & Bartlett.
As earnings are under pressure due to the...
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May 03 2009
Linklaters recently indicated that it will be cutting associate bonuses and will provide salary increases on a reduced basis for associates. Support staff at the firm...
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Apr 27 2009
Reports have emerged that US firm Squire Sanders & Dempsey has elected to cut associate salaries by approximately 10%. In addition, 30 lawyers are reported to have...
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Apr 23 2009
Numerous reports exist that Chadbourne & Parke will be cutting associate salaries, after previously having indicated a freeze on associate compensation. The salary...
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Apr 21 2009
Taylor Wessing recently indicated that it will introduce a number of cost-cutting measures including a likely 10 associate layoffs, sabbaticals at significant salary...
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Apr 20 2009
Reports exist that Baker & McKenzie has begun associate salary cuts of as much as 25%. According to these reports, the salary cuts are being carried out on an...
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Apr 20 2009
Herbert Smith has stated that it will freeze associate salaries at last year's levels, and may be eliminating up to 84 staff from its office in London. The firm's...
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Apr 19 2009
US firm Arent Fox indicated that a seven-lawyer telecommunications group from Womble Carlyle Sandridge & Rice will be joining Arent Fox. In addition, Womble Carlyle...
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Apr 08 2009
US firms are considering going one step beyond existing salary freezes to cut associate salaries. There is controversy, however, over whether such cuts could do more...
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Apr 02 2009
UK firm Lovells has announced it will lay off a total of 79 legal and non-legal staff from its London City office. In addition, the firm will freeze numerous salaries...
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Apr 02 2009
UK firm Slaughter and May has decided to keep salaries at current levels. It hopes that by doing so, it will avoid legal or support staff layoffs.
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Mar 31 2009
Clifford Chance has announced that for its entire world network, it will be freezing associate salaries, keeping them at current levels for approximately the next...
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Mar 26 2009
As if you needed someone to tell you, the global economic downturn has also been felt in the legal sector. According to the US Bureau of Labor Statistics, the legal...
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Mar 26 2009
US firm Shearman & Sterling has announced that for its offices in Asia, the UK, and the Middle East, it will not provide an annual increase in the salaries of newly...
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Mar 25 2009
Insurance firm Kennedys recently opted to increase salaries, doing away with its bonus scheme. The firm indicated that the change is unrelated to the global economic...
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Feb 13 2009
WolfBlock has confirmed that associates will have a 10% reduction in base compensation.
The firm told the legal blog Above the Law that it plans to significantly...
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Feb 13 2009
Ted Burke, chief executive of Freshfields Bruckhaus Deringer, explains in The Times the market-changing decision of the "Magic Circle" firm to freeze salaries for...
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Feb 09 2009
Freshfields Bruckhaus Deringer has announced a salary freeze as it prepares for a drop in fee income in 2009.
Associates and support staff remain at current pay...
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Oct 23 2008
Average pay for a UK head of legal is now £131,502, an increase of 5.4% on last year, while the average salary for a deputy general counsel has increased by 5.6% to...
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Aug 04 2008
The study surveyed hundreds of Australian law firms and found that most salary bands observed an average 4.6% increase nationally. Although there has been a market...
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Jul 11 2008
Trainee solicitors are the highest paid graduates in the UK, according to a new survey.
The median starting salaries for trainee solicitors in 2008 is £36,500,...
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May 16 2008
White & Case has become the latest firm to announce increases to its associate salaries, with the US firm unveiling rises of 2.1% for its junior lawyers.
A...
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Apr 30 2008
Shearman & Sterling is the first firm in the City to announce annual pay increases for trainees and associates with newly-qualified lawyers now earning £80,000. Senior...
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Apr 08 2008
A full-blown salary war has erupted in India in response to increased local and international competition for talent, resulting in pay increases of more than 50 per...
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