Norton Rose Fulbright joins junior lawyer pay war with salary raise to £95k November 8, 2021 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12 per cent, as it joins the clamour for fresh legal talent, according to reports. The law firm announced a new “compensation strategy” which rewards new junior lawyers with an additional £10,000 a year, bringing their annual salary to £95,000, according to Legal Cheek, [...]
City law pay war intensifies: Ropes & Gray raises new lawyer salaries to eye-watering £147k November 5, 2021 Ropes & Gray has hiked the salaries of newly qualified lawyers in London by 13 per cent, as the bidding war for legal talent intensifies. Freshly qualified lawyers at the London offices of the US law firm will now take home £147,000 – with their bonus added on top – marking a neat step up [...]
Stephenson Harwood raises newly qualified lawyer salaries to £90,000 November 4, 2021 Stephenson Harwood have raised salaries for newly qualified solicitors by 20 per cent to £90,000, as City law firms fight to attract and retain legal talent in an increasingly competitive market. While newly qualified lawyers enjoy a jump up from £75,000, staff across different levels will receive bumpers, ranging from 8-17 per cent, to their [...]
Crypto blindspot risks ‘crumbling’ British legal system place on international stage November 3, 2021 Britain’s legal system could lose both business and its international standing because of failures to keep up with laws for new markets like crypto-currency and artificial intelligence, according to a new report. English law underpins financial contracts and transactions worth trillions around the world, according to the report by think-tank Social Market Foundation. But the [...]
City law firm fined £25k for blocking football club transfers November 1, 2021 City law firm Mishcon de Reya has been fined £25,000 for allowing multi-million-pound payments to be made through its client account to agents involved in football transfers.
Trainee lawyers clocking off at 11.30pm on average, survey shows October 31, 2021 New data shows that US law firm Kirkland & Ellis has an average finishing time of 11.30pm for its trainee solicitors.
Former Eversheds trainee solicitor stands trial for raping law student at house party October 8, 2021 A trial into alleged sexual assault by a former Eversheds Sutherland trainee solicitor has started. Tom Hagyard is being accused of raping a law student before sexually assaulting another female, while attending a house party – within weeks of joining law firm Eversheds Sutherland on a training contract in 2017, according to The Mail Online, [...]
Thousands of UK businesses at risk of insolvency from this week, City auditor warns September 29, 2021 Thousands of UK businesses that have struggled during the pandemic are at risk of collapse as the government ends its temporary insolvency measures this Friday, a top audit lawyer has warned. From Friday, the Government is phasing out its restrictions on winding-up petitions, meaning lenders and creditors can once again legally seek to liquidate a company [...]
Over two thirds of lawyers have battled with mental health problems September 28, 2021 More than two thirds of lawyers in the UK have suffered from mental ill-health, and the majority are at a high risk of burnout, a new report by a lawyer wellbeing charity has found. The report by LawCare, published today, contained the results of a detailed survey of over 1,700 legal professionals across the UK, [...]
Small law firms are let off from economic crime tax September 23, 2021 Small law firms have escaped the UK government’s Economic Crime Levy, aimed at raising £100m annually from anti-money laundering (AML) regulated organisations, to help pay for the fight against economic crime. Instead, AML-regulated organisations, including legal practices, banks and accountancy firms, with revenues above £10.2m will be subject to the new tax. The Economic Crime [...]