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  • June 13, 2007 | International Edition

    Simmons and Camerons latest to exceed £500k PEP barrier

    City duo Simmons & Simmons and CMS Cameron McKenna have both broken the £500,000 profits per equity partner (PEP) barrier for the first time, taking the number of top firms to have hit the figure for the first time to seven so far this year.

    1 minute read

  • June 12, 2007 | International Edition

    Dentons hikes NQ pay 17% but still lags rivals

    Denton Wilde Sapte has unveiled double-digit pay rises for its trainees and associates, bringing the firm closer to the rates recently announced by City rivals. The top 20 UK firm today (12 June) confirmed it has lifted its salaries for newly-qualified lawyers from £53,000 to a new mark of £62,000 - an increase of nearly 17%.

    1 minute read

  • June 7, 2007 | International Edition

    Camerons becomes seventh UK firm to break £500,000 PEP this year

    CMS Cameron McKenna has become the seventh UK firm to break the £500,000 profits per equity partner (PEP) barrier so far this year, posting a 5.5% rise for the past financial year. The City firm has announced PEP of £502,000 for the financial year, up from £476,000 last year. Revised turnover now stands at £197.4m, up 6.5% from last year's value of £185.3m.

    1 minute read

  • May 22, 2007 | International Edition

    Ashurst ups NQ salaries by 16% to £64k

    Ashurst has upped its associate salaries, with the City giant matching firms including Linklaters and Herbert Smith to pay its newly-qualified solicitors £64,000. The pay-rise, effective from the start of this month, represents a 16% increase on last year's rate of £55,000.

    1 minute read

  • May 14, 2007 | International Edition

    Lovells hikes NQ pay to £63,500 to match CC

    Lovells has become the latest City firm to up its associate salaries, with the top 10 UK outfit boosting its rate for newly-qualified lawyers by 15% to £63,500. The hike is Lovells' second pay-rise for newly-qualified lawyers in the last year, having raised salaries from last May's £53,000 to a new mark of £55,000 in November.

    1 minute read

  • May 2, 2007 | International Edition

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 |

    Path to partner at top firms gets longer despite booming City scene

    The wait for partnership is getting longer at the UK's leading firms, according to research by Legal Week, which shows it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. The partnership track has increased in length each year for top City lawyers during the last four years, despite the fact that a number of firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • May 2, 2007 | International Edition

    Simmons promotes 13 but just three in City

    Simmons & Simmons has announced its partner promotions for this year, with its finance and Italian practices the main beneficiaries as the City firm promotes 13 lawyers to its partnership. Simmons announced the promotions today (2 May), with four new partners promoted in Milan, ahead of the firm's City headquarters, which received just three promotions.

    1 minute read

  • April 27, 2007 | International Edition

    Partnership track results: Associates waiting longer to make partner

    Associates at the UK's top firms are generally taking longer to make partner, according to new research conducted by Legal Week. The figures show that it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. This is despite the fact that several firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read

  • April 27, 2007 |

    Partnership track results: Associates waiting longer to make partner

    Associates at the UK's top firms are generally taking longer to make partner, according to new research conducted by Legal Week. The figures show that it took 8.7 years on average for lawyers to make partner this year, compared with 8.1 years in 2004. This is despite the fact that several firms, including Ashurst, Lovells and Herbert Smith, saw a significant drop in the time it took to make partner this year.

    1 minute read