Rising salaries for junior lawyers put pressure on senior associates’ pay packages Legal US law firms continue to drive a fierce salary war in London, leaving UK firms scrambling to keep up with soaring pay for junior lawyers, but as starting salaries rise, growing pay gaps threaten to unsettle senior associates, writes Maria Ward-Brennan. As of next month, London associates at Quinn Emanuel will see their salaries increase [...]
Mishcon de Reya to roll out new ‘bonus boost’ for associates Legal City law firm Mishcon de Reya is offering its staff a ‘bonus boost’ for working additional hours to remain competitive in the legal pay race, City AM understands. The law firm has added a new ‘bonus boost’ to its pay structure, which will take effect in July 2027, for lawyers who record hours significantly above [...]
Legal sector hits £60bn as top City lawyers pocket millions Legal Despite a backdrop of global economic uncertainty, the legal profession has solidified its position as a £60bn powerhouse, with top City lawyers bringing home multi-million pound pay packets. Law firms are experiencing their highest growth in more than 15 years, according to a new report by the Law Society. The average earnings for law firms [...]
Bank of England looks for jobs data revisions ahead of rate decision July 15, 2025 The Bank of England will be looking out for any revisions to the number of people pushed out of work on Thursday when the Office for National Statistics (ONS) publishes fresh jobs data, with an interest rate decision set to hinge on the extent of the deterioration in the labour market. Last month, the official [...]
MPs’ salaries to hit £93,904 in April March 24, 2025 It has been confirmed that MPs’ salaries will rise by almost three per cent to £93,904 in the next financial year. Parliament’s expenses watchdog has announced members of the House of Commons will benefit from a 2.8 per cent increase in pay from next month. The Independent Parliamentary Standards Authority (IPSA) said the pay rise [...]
Retail job vacancies have almost halved in a year February 24, 2025 The number of advertised jobs in retail has almost halved in the last year as companies continue to buckle down on costs. Job vacancies have fallen 42.25 per cent in the last year, the most significant drop in any UK sector, according to Adzuna’s latest jobs report. There has been a contraction in retail for [...]
Lawyer hourly fees at US firms boom January 10, 2025 The hourly fees charged by lawyers in the US have jumped nearly seven per cent in the last year, the fastest rate since the global financial crisis
Hundred salaries rise amid rumours of player boycott of cricket competition December 12, 2024 Salaries for players participating in The Hundred have risen by 25 per cent ahead of the 2025 edition amid rumours players are threatening to boycott the league. Around 50 players are said to be considering snubbing the England and Wales Cricket Board’s flagship short-form competition after restrictions were placed upon where in the world they [...]