A City of London law firm has said it will pay some junior lawyers up to $2 million each over three years. Partners at Pogust Goodhead recently made a $550m investment deal with an American fund manager – the biggest investment ever in an English law firm.
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Average partner pay at Macfarlanes has increased by more than 19 per cent over the past year and now stands at an average of nearly £2.5 million. The firm's revenue in 2020-21 rose by 16.4 per cent to £303.7 million, The Times reports. Profits reached £164.2m, up 15.4 per cent on t
Magic circle firm Clifford Chance has raised pay for newly-qualified UK-based solicitors by 16 per cent to £125,000. The firm previously raised NQ pay by 7.5 per cent to £107,500 just last November.
The working day of trainees and junior associates in the City has lengthened in the past year, with many working past 10pm on average. The 2,500 lawyers who responded to a survey by Legal Cheek reported finishing times of 11.28pm at Kirkland & Ellis, 10.51pm at Ropes & Gray and 10.17pm
Lawyers at a major City firm will be able to buy electric cars through a new scheme designed to contribute to the fight against climate change. Stephenson Harwood, which employs over 1,100 people across eight global offices, will make the scheme available to all staff in London from next year.