Lawyer Compensation - General
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Goodwin Latest Firm to Raise NQ Salaries as Pay War Looms
By Habiba Cullen-Jafar | June 5, 2024
The firm's offering now exceeds that of rivals Milbank and Vinson & Elkins.
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Linklaters Halts Plans to Withhold Distributions to Departing Partners
By Jack Womack | June 5, 2024
The decision is part of wider suite of changes to how the firm rewards departing partners and will see it stop paying sums it handed partners who depart the firm after more than 20 years' service.
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A&O Shearman Succumbs to NQ Race by Raising Pay to £150K
By Jack Womack | May 31, 2024
The firm matches rivals Clifford Chance, Freshfields and Linklaters.
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Clifford Chance Latest Firm to Match £150K NQ Rate
By Habiba Cullen-Jafar | May 29, 2024
The move, which draws the firm level with Linklaters and Freshfields, signals the start of a UK pay war and piles yet more pressure on A&O Shearman.
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International Edition | Commentary
Is There a Maximum Number in This Salary Race?
By Paul Hodkinson | May 27, 2024
What we need is a market peak, a Usain Bolt of the legal world that sets a junior lawyer pay rate so far ahead that no one can beat it, but AI might make the problem worse, writes the Global Lawyer.
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International Edition | Features
Once 'Unheard Of,' $20M Pay Becomes Standard For Top Partners at Davis Polk, Simpson Thacher
By Justin Henry | May 22, 2024
So how did the industry get to this reality, where partners at the top firms are paid in the neighborhood of $20 million?
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International Edition | Analysis
Are We on the Cusp of a New NQ Pay War?
By Habiba Cullen-Jafar | May 20, 2024
US-led firms don't want to pay more in London than they do in New York, and most UK firms are reluctant to play the US game, but moves by Freshfields and Linklaters have put others under pressure.
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Linklaters Matches Freshfields By Raising NQ Salaries to £150,000
By Habiba Cullen-Jafar | May 17, 2024
The move puts the firm ahead of rivals Clifford Chance and A&O Shearman.
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Top Partner Pay at Simpson Thacher to Breach $20M
By Justin Henry | May 16, 2024
The New York firm joins several elite peers in stretching the spread in equity partner compensation, as competition for top earners intensifies.
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Quinn Emanuel Hikes London NQ Pay to £180K
By Jack Womack | May 10, 2024
The raise follows Freshfields' increase earlier this month, with some suggesting it signals a revival of the pay war.
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