Rising salaries for junior lawyers put pressure on senior associates’ pay packages Legal US law firms continue to drive a fierce salary war in London, leaving UK firms scrambling to keep up with soaring pay for junior lawyers, but as starting salaries rise, growing pay gaps threaten to unsettle senior associates, writes Maria Ward-Brennan. As of next month, London associates at Quinn Emanuel will see their salaries increase [...]
Fully remote with no associates: Meet the ‘elite’ law firm of the future Legal US lawyers Michael Pierson and Joel Ferdinand joined forces “with the vision to build the elite law firm of the future”, going in the opposite direction of the traditional market with a tech-focused, full-service approach. Oh, and no offices. And no associates. Founded in January 2024, New York-based Pierson Ferdinand became the largest law firm [...]
Has the legal market pulled the brakes on the NQ pay war? Legal ‘City lawyers are the new bankers‘. This became a common refrain in the legal market as pay wars ramped up. However, the sentiment within the market suggests that the tide may be changing. Over the past several years, the pay war over newly qualified (NQ) lawyers has been a major talking point in the market, [...]