Lawyer Compensation - General
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A&O and Shearman to Adopt Modified Lockstep Model as Part of Merger
By Jack Womack | Paul Hodkinson | May 22, 2023
The proposed merger would entail both firms agreeing to a compensation model that is different to what they have operated with in the past.
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Clyde & Co Rolls Out 26 Weeks Paid Leave for New Parents
By Charlotte Johnstone | May 19, 2023
The firm joins a handful of other U.K. firms, such as Ashurst, in extending their parental leave policies.
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Macfarlanes Ups NQ Pay
By Charlotte Johnstone | May 16, 2023
Pay for newly qualified lawyers is rising at a few UK firms, but few expect the pay war to return to 2022 levels.
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Law Firms in Australia Will Have to Report Gender Pay Gaps
By Christopher Niesche | May 14, 2023
Advocates hope the move will narrow the pay differential between men and women.
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International Edition | Commentary
Why UK Law Firms Might Be Over the Worst
By Paul Hodkinson | May 12, 2023
There are a few reasons why this May could mark the start of a brighter period for London's legal market, writes The London Lawyer.
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International Edition | Analysis
A&O and Linklaters Ended the UK Pay War—But At What Cost?
By Jack Womack | May 9, 2023
The two firms finally decided to match rivals on salaries last week but have they lost out after a year of being behind?
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Allen & Overy and Linklaters Increase NQ Pay
By Jack Womack | May 3, 2023
The firms are catching up to their rivals.
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Young Lawyers Are Willing to Sacrifice Their Comp for These Benefits
By Andrew Maloney | May 1, 2023
Many young lawyers said they would exchange some of their pay for lower billable hours, a recent survey found. Now more law firms are creating additional paths to partnership with lower hours requirements.
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International Edition | Analysis
Shearman's Financial Issues Mount, Sources Say, but New Leader Sees Path Forward
By Patrick Smith | April 27, 2023
Senior partner Adam Hakki noted that while 2023 will be a transition year, many of the firm's practices are thriving and partners are being paid "consistent with our long-standing profit distribution practices."
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International Edition | Analysis
Can Rates Make Up for Expense Growth Much Longer?
By Dan Roe | April 22, 2023
Rates and expenses have a limited window to rise in unison before law firms have to turn to innovation.
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