Lawyer Compensation - General
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DLA Piper Latest Law Firm to Cut UK NQ Salaries
By Hannah Roberts | June 30, 2020
The firm has trimmed its rates in its London and smaller U.K. bases.
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Which UK Law Firm Spends The Most On Its Lawyers?
By Hannah Roberts | June 29, 2020
One firm tops the rankings with almost half of its revenues spent on salaries.
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Latham and More Hold London NQ Rates as Hogan Lovells Cuts Pay
By Simon Lock | Meganne Tillay | Hannah Roberts | June 24, 2020
Pinsent Masons and CMS have also made decisions regarding their rates for newly qualified lawyers in London.
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Another US Law Firm Holds London NQ Pay At 2019 Rate
By Varsha Patel | June 23, 2020
The firm last raised its pay rates for newly qualified associates in October 2019, and says it has "no plans" to review the amounts this year.
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International Edition | Analysis
If Cash Is King, Do Law Firms Need to Change Their Business Model to Keep Up?
By Dan Packel | June 23, 2020
In the midst of an economic crisis, the traditional operating model, in which firms strip the balance sheet clean at the end of each fiscal year, distributing all the profits to the partnership and starting fresh, looks more and more like a liability.
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King & Spalding Defers Some Partner Distributions, Reopens In London for Partners Only
By Meganne Tillay | June 19, 2020
The firm is also taking a "cautious" approach to global hiring as part of its measures to tackle the COVID-19 crisis' affect on its business.
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US Law Firm Latest to Hold London NQ Pay Decision Due to COVID-19
By Hannah Roberts | June 18, 2020
The move follows a similar decision made by Linklaters on Friday and suggests that the usual annual NQ pay war will look different this year.
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Reed Smith To Lay Off London Lawyers, Extend Salary Cuts and Trim Workweeks
By Dan Packel | June 1, 2020
Among new COVID-19-related measures announced Monday, the firm's 350-attorney London office will see "targeted redundancies" of both lawyers and professional staff.
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Report: Partner Pay Gap Widens in the UK, Europe and Australia
By Christopher Niesche | May 29, 2020
Partnerships must evolve to become more entrepreneurial and collaborative, and this needs to be reflected in how profits are shared, the report said, noting that this is especially important during an economic downturn.
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Flybe Administration Leaves Host of Law Firms Out of Pocket
By Simon Lock | May 15, 2020
Eversheds Sutherland, Sidley Austin and Addleshaw Goddard are among firms owed money by the low-budget airline.
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