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  • June 8, 2011 |

    Ince freezes pay bands for associates

    Ince & Co has become the latest firm to opt out of increasing its associate pay bands for the year ahead. Associates at Ince will continue to move through the salary bands as normal during the 2011-12 financial year, but will see no increase in pay levels set out by the firm in 2010.

    1 minute read

  • June 8, 2011 |

    Linklaters set for Middle East expansion with Abu Dhabi launch

    Linklaters is set to open its 27th office worldwide, with the magic circle law firm in the final stages of planning a launch in Abu Dhabi. The firm is waiting for its licence to open in the Gulf state, but expects to launch the new base as soon as it is granted – which could be within the next month.

    1 minute read

  • June 8, 2011 |

    Freshfields wins role on Treasury's billion-pound Northern Rock sale

    Freshfields Bruckhaus Deringer has picked up a high-profile mandate advising on the sale of state-owned mortgage lender Northern Rock by UK Financial Investments (UKFI), the body which manages the Government's stakes in UK banks. Corporate partner Barry O'Brien, a longstanding adviser to the Newcastle-based lender's board, is leading the team advising Northern Rock, working alongside global head of finance Alan Newton. The sale is hoped to generate more than £1bn for the Treasury.

    1 minute read

  • June 7, 2011 |

    Clifford Chance announces new salary bands for City associates

    Clifford Chance (CC) has announced pay rises for its City associates, with salary bands for junior lawyers increased by up to 4%. The new salaries, which are backdated to 1 May, include pay rises for lawyers with between one and three years' post qualification experience (PQE), with the 2PQE pay band seeing the biggest increase, rising almost 4% from £72,250 to £75,000.

    1 minute read

  • June 1, 2011 |

    US law firms score high marks for London vacation schemes

    Three US firms have been rated among the best vacation scheme providers in the UK market, with Legal Week research also seeing Allen & Overy (A&O) identified by students as the most prestigious global law firm for the second year running. The Legal Week Intelligence 2011 Law Student Report saw Latham & Watkins and Baker & McKenzie take the top two spots for UK vacation schemes, with Cleary Gottlieb Steen & Hamilton coming in fourth place behind Ashurst.

    1 minute read

  • May 27, 2011 |

    Herbert Smith freezes salary bands for associates and trainees

    Herbert Smith has opted not to increase its associate pay bands for 2011-12, following recent pay freezes at City peers Linklaters and Allen & Overy. The firm has chosen to hold junior salary bands at the same level as last year, with trainees receiving £38,000, newly-qualified lawyers taking home £61,000 and those with one year post-qualification experience (PQE) earning £68,000.

    1 minute read

  • May 25, 2011 |

    University of life - introducing young people to a life in law

    From court tours to career workshops, a trio of City firms are backing an initiative to introduce more students to the world of law. James McCreary outlines the impact Career Academies UK can have on teenagers' futures

    1 minute read

  • May 20, 2011 |

    Freshfields and Camerons lead on €9.6bn pharma acquisition

    Freshfields Bruckhaus Deringer and CMS Cameron McKenna have advised on the largest European private equity deal since before the global financial crisis, worth €9.6bn (£8.4bn). The two law firms have advised as Japanese pharma company Takeda makes a move into the European market with the debt-free purchase of Swiss-based drug-maker Nycomed from its private equity owners.

    1 minute read

  • May 19, 2011 |

    Freshfields announces increased salary bands for associates

    Freshfields Bruckhaus Deringer has confirmed marginal increases in its associate pay bands for 2011, opting for rises of between 2% and 2.6% for junior lawyers. Pay for newly-qualified (NQ) lawyers moves from £60,000 to £61,500, while pay for those with one year's post-qualification experience (PQE) goes up from £68,000 to £69,500.

    1 minute read

  • May 18, 2011 |

    Barlows shakes-up associate career and pay structure in UK

    Barlow Lyde & Gilbert has overhauled its associate career structure and introduced a new merit-based pay system for lawyers in the UK. The firm has divided its associate rank into three tiers – associate, senior associate and legal director – as well as introducing a new counsel rank for a handful of senior lawyers outside the partnership. The intention is for lawyers, who until now have been known only as associates, to progress through all tiers except counsel before becoming partners.

    1 minute read