Lawyer Compensation - General
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Cravath Adopts Modified Lockstep Compensation System
By Patrick Smith | December 6, 2021
After close to 50 years of a pure lockstep compensation system, an internal memo says the firm is making the change to advance its strategy.
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Baker McKenzie Latest to Join Germany's Associate Pay War
By James Carstensen | December 6, 2021
The increase puts Baker McKenzie salaries in Germany above those offered by international rivals that have also increased pay rates. But it is still below the rate increases announced by the German firms Hengeler Mueller and Gleiss Lutz.
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Kirkland Shortens Track to Equity Partnership
By Paul Hodkinson | December 1, 2021
The firm's more junior lawyers now have the chance to share in the profits of the firm more quickly at a time when law firms are fiercely competing for talent.
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HSF Ups London NQ Base Pay By 10%
By Rose Walker | December 1, 2021
The firm is the latest to respond to second series of rate hikes in the UK in 2021.
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Hengeler Outstrips US and German Rivals With Latest NQ Pay Boost
By James Carstensen | December 1, 2021
German firms have taken a more 'wait-and-see' approach to the pay war but are now starting to take action.
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International Edition | Features
The 2021 UK Pay War, Mark II: A Firm-By-Firm Guide
By Hannah Roberts | November 30, 2021
A second pay war in the UK began in the autumn. Here Law.com shows what each firm has done in just the last two months to increase pay for junior lawyers.
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International Edition | Commentary
The Global Lawyer: Why the War For Talent is Different in Europe
By Paul Hodkinson | November 29, 2021
Continental European firms are not unique in fighting international firms, but they are adopting a different strategy in the battle.
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German Firm Increases Salaries Above Magic Circle and US Rival Rates
By Hannah Walker | November 25, 2021
The local heavyweight has entered the latest pay war, boosting its German newly-qualified lawyer salaries by 25%.
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Macfarlanes Boosts Base NQ Salaries To £100K in Accelerated Review
By Jack Womack | November 24, 2021
Macfarlanes has become the latest UK firm to boost NQ salaries as the associate pay war rumbles on.
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Matching Begins in 2021 Big Law Year-End Bonus Season
By Patrick Smith | November 23, 2021
Cleary was the first firm to match Cravath's Monday announcement.
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