The 2010 incoming trainee class at London’s One Essex Court will be paid £60,000 ($99,550) per year, or a £15,000 ($24,900) above current rates. This is as much as 60% more than new trainees are paid at other major British law firms, blawgs are reporting. And most other firms have cut salaries, not increased them. The firm [...]
Continue reading...Friday, May 22, 2009
In March, London’s Allen & Overy announced it would retain only 70% of its trainees for September 2009 and March 2010. Now the firm has added it will take on 105 trainees a year, from September 2011 on. Traditionally, the firm has brought on 120 associates a year. In April, the firm cut loose 47 equity partners, [...]
Continue reading...Saturday, March 14, 2009
Ashurst has slashed pay for its incoming class, and is freezing salaries for all non-partner lawyers and support staff. Trainee solicitors who qualified with Ashurst this month will receive salaries of £60,000 ($83,800), as opposed to the £65,000 ($90,800) last year’s intake received. All other lawyers and support staff will see their pay bands held at [...]
Continue reading...Monday, March 9, 2009
London’s Allen & Overy will only retain 70% of its trainees for September 2009 and March 2010. The Magic Circle firm has not made a final decision about the retention rate, and said the figure was a “working assumption in light of the current financial climate.” Allen & Overy retained 86% of its trainees in 2008, 90% [...]
Continue reading...Saturday, February 28, 2009
Baker & McKenzie has become the latest law firm to ask its incoming trainees to postpone their start date by up to a year. The firm’s London arm has asked for volunteers from its 2009 and 2010 intakes to defer starting their training contracts by either six or 12 months. Those willing to defer for 12 months [...]
Continue reading...Saturday, February 21, 2009
Norton Rose has offered trainees due to join the firm in 2009 and 2010 up to £10,000 to defer the start dates of their training contracts. The London firm, which has roughly 55 trainees due to join across its September 2009 and January 2010 intakes, has contacted all of the future trainees asking for volunteers willing [...]
Continue reading...Wednesday, February 18, 2009
Freshfields Bruckhaus Deringer is asking some of its trainees to push back their start dates with the firm. A number of trainees set to join the firm in August 2010 are being asked to defer the start date of their training contract to February 2011. Freshfields has 64 trainees due to start in August next year and [...]
Continue reading...Tuesday, February 10, 2009
London’s Freshfields Bruckhaus Deringer informed staff yesterday that salaries for associates will be held at 2008 levels. The pay freeze means associates will not progress through to the next pay band, leaving a newly qualified lawyer at the same salary after one-year post-qualification experience, when they would normally see a 10% rise in salary. The pay freeze [...]
Continue reading...Wednesday, February 4, 2009
UK Based BPP Law School has just added London law firm Travers Smith to its client roster. The announcement comes just after BPP says it will be the only provider of the Legal Practice Course to all of the firm’s future trainees. Travers Smith is one of London’s oldest law firms. Founded in or before 1800, [...]
Continue reading...Thursday, January 29, 2009
Just a week after announcing mass layoffs, Linklaters is launching a formal redundancy consultation, with up to 120 lawyers and 150 business support staff in London expected to lose their jobs. The firm said today that all UK staff are involved in the consultation, which is likely to affect between 100 and 120 lawyers, representing up [...]
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Friday, August 14, 2009
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