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  • May 21, 2008 |

    CC faces A&O on Staples' €1.5bn hostile Dutch bid

    Magic circle duo Clifford Chance (CC) and Allen & Overy have taken lead roles on the €1.5bn (£1.19bn) hostile takeover approach by US office supply giant Staples for Dutch supplier Corporate Express, writes The American Lawyer. CC is advising Staples on Dutch aspects of the bid, alongside a team from Wilmer Cutler Pickering Hale and Dorr, which is advising on US law. The WilmerHale team is being led by Boston-based corporate partners Jay Bothwick, Mark Borden and Wendell Taylor.

    1 minute read

  • May 20, 2008 |

    2008 Assistant Pay League: a Legal Week Wiki special

    Who pays what and how. Your A-Z guide to the pay scales at the top UK and US firms.

    1 minute read

  • May 19, 2008 |

    Four percent hike lifts Lovells NQs to £65k

    Newly-qualified solicitors (NQs) at Lovells will now take home £65,000 after the City heavyweight announced pay rises of around 3% for its junior lawyers. The move lifts NQ pay by £1,500 from the mark of £64,000 set last year, with other bands for assistants also seeing increases around the 3% level.

    1 minute read

  • May 16, 2008 |

    No raise for Norton Rose NQs but 25 climb scale

    Norton Rose has frozen pay for newly-qualified lawyers (NQs) at last year's levels but has fast-tracked 25 associates to higher rates under its new three-tier pay scale, the City firm said today (16 May). NQs at the firm will continue to pocket annual pay of £63,500 following the announcement, which comes after Norton Rose earlier this week posted annual revenues of £297m - up 27% from last year.

    1 minute read

  • May 15, 2008 |

    White & Case nudges City salaries up 2%

    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 newly-qualified solicitor (NQ) at the US giant will now earn £78,000 - an increase of £2,000 on the previous year's figure of £76,000.

    1 minute read

  • May 15, 2008 | International Edition

    Performance scrutinised as attrition rates fall

    City firms are set to take a tougher line on associate performance as they try to counteract falling staff turnover brought about by the uncertain economic climate. Partners are predicting falls in staff churn over the coming year with many typical destinations for associates - such as investment banks - freezing recruitment and associates more wary about moving.

    1 minute read

  • May 15, 2008 |

    Performance scrutinised as attrition rates fall

    City firms are set to take a tougher line on associate performance as they try to counteract falling staff turnover brought about by the uncertain economic climate. Partners are predicting falls in staff churn over the coming year with many typical destinations for associates - such as investment banks - freezing recruitment and associates more wary about moving.

    1 minute read

  • May 15, 2008 | International Edition

    CC, BLP and Olswang play it safe with modest salary rises

    Clifford Chance (CC), Allen & Overy (A&O) and Olswang have joined the ranks of firms announcing associate salary rates for 2008, with all three avoiding significant rises. A&O last week became the first magic circle law firm to reveal it was holding salary bands at 2007 levels, with the firm announcing it had frozen associate salaries for 2008. The move is in line with Herbert Smith's decision in April to hold its rates at 2007 levels.

    1 minute read

  • May 15, 2008 |

    CC, BLP and Olswang play it safe with modest salary rises

    Clifford Chance (CC), Allen & Overy (A&O) and Olswang have joined the ranks of firms announcing associate salary rates for 2008, with all three avoiding significant rises. A&O last week became the first magic circle law firm to reveal it was holding salary bands at 2007 levels, with the firm announcing it had frozen associate salaries for 2008. The move is in line with Herbert Smith's decision in April to hold its rates at 2007 levels.

    1 minute read

  • May 15, 2008 |

    Linklaters and Freshfields take lead on £182m Centrica Accenture litigation

    Linklaters and Freshfields Bruckhaus Deringer have landed lead advisory roles on Centrica's £182m action against global consultancy group Accenture. The energy giant is suing Accenture in relation to a customer billing system designed for British Gas that Centrica argues led to a breakdown in customer services and the loss of thousands of customers.

    1 minute read