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International Edition

Which UK Law Firm Spends The Most On Its Lawyers?

One firm tops the rankings with almost half of its revenues spent on salaries.
4 minute read

International Edition

Latham and More Hold London NQ Rates as Hogan Lovells Cuts Pay

Pinsent Masons and CMS have also made decisions regarding their rates for newly qualified lawyers in London.
3 minute read

International Edition

Another US Law Firm Holds London NQ Pay At 2019 Rate

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.
2 minute read

International Edition

If Cash Is King, Do Law Firms Need to Change Their Business Model to Keep Up?

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.
10 minute read

International Edition

King & Spalding Defers Some Partner Distributions, Reopens In London for Partners Only

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.
3 minute read

International Edition

US Law Firm Latest to Hold London NQ Pay Decision Due to COVID-19

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.
2 minute read

International Edition

Reed Smith To Lay Off London Lawyers, Extend Salary Cuts and Trim Workweeks

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.
3 minute read

International Edition

Report: Partner Pay Gap Widens in the UK, Europe and Australia

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.
3 minute read

International Edition

Flybe Administration Leaves Host of Law Firms Out of Pocket 

Eversheds Sutherland, Sidley Austin and Addleshaw Goddard are among firms owed money by the low-budget airline.
2 minute read

International Edition

Top Irish Firms Reduce Working Hours, Pay and Cancel Bonuses

The steps have been taken as COVID-19 places pressure on the Irish legal sector.
3 minute read

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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