Big name, big pay, even bigger hours: Welcome to City law firms Legal The salaries of junior lawyers is a topic that sparks headlines, adding even bigger sparks to debates over 20-something-year-olds pocketing hefty wage packages. However, considering the hours they work and what is expected of them, the money is earned. US firms, many of which now dominate London, not only compete over lawyer rates but also [...]
British billionaire trader offers interns £26k a month Money A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
City law firm Addleshaw Goddard prioritises bonuses over junior pay raises Legal City law firm Addleshaw Goddard has pulled out of the junior salary war by freezing pay and relocating those funds to its bonus pot. As reported by trade publication The Lawyer, Addleshaw Goddard has reallocated £1m that would have been spent on higher salaries for newly qualified (NQ) lawyers, into its bonus pot, now worth [...]
Last one standing: UK-US firm A&O Shearman latest to hike its junior lawyer salaries May 31, 2024 One of the largest law firms in the world A&O Shearman has upped its newly-qualifie salary to £150,000 for its London lawyers