Mishcon de Reya hikes junior lawyer salaries to £110,000 Law Top City law firm Mishcon de Reya has upped its salaries to £110,000 for its incoming cohort of junior lawyers as the pay war continues to intensify. The firm, known for its high-profile disputes, has upped its newly-qualified salaries by 10 per cent, effective from September, while also increasing the salaries of first-year trainees to [...]
City law firms considering corporate-style models amid capital crunch Law Artificial intelligence investment may force top City firms to abandon the traditional limited liability partnership (LLP) mindset and behave like capital‑hungry corporates, a top legal finance firm has predicted. Speaking to City AM, Burford Capital’s chief operating officer, Travis Lenkner, and vice president, Patrick Savage, said City law firms that would never traditionally sell a controlling [...]
Former Southern Water boss charged with conspiracy to defraud Law The former boss of Southern Water is among four of the water firm’s ex-employees set to face criminal proceedings for conspiracy to defraud. The Environment Agency (EA) alleges that between January 2012 and December 2017 Matthew Wright helped manipulate the operator self-monitoring testing regime by implementing “artificial no-flow events” at wastewater treatment works. The government [...]