Mayer Brown posts 80% retention in Autumn intake

Mayer Brown has retained 80 per cent of its trainees in its September 2018 intake across four different practice areas. Eight out of the 10 applicants were offered a role as newly-qualified lawyers at the firm; all of the eight accepted these positions. These eight new lawyers will be distributed evenly across corporate and securities […]

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Freshfields and Weil lead as European payments rivals join forces

Nearly a year after advising on Hellman & Friedman’s takeover of Nets, Freshfields Bruckhaus Deringer has strengthened its relationship with the private equity house by acting on a further deal for its payments portfolio company. The deal sees Nordic payments company Nets agree a tie-up with Concardis Payment Group, a rival provider in the German-speaking […]

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Exclusive: Quinn hikes London associate salaries in response to US payouts

A week after Quinn Emanuel Urquhart & Sullivan announced a bumper pay increase for US associates, the firm has decided to reward its City lawyers with a salary rise of up to 19 per cent. The new payscale will see first year post-qualification (PQE) lawyers paid £125,000 per year, increasing to a maximum of £245,000 […]

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Trainee numbers static as number of men entering profession falls

Trainee numbers remained static last year, according to the Law Society’s Annual Statistical Report. The number of new trainees registered in 2016/17 fell 0.2 per cent, from 5,728 to 5,719. It follows two years of growth in trainee numbers. In 2015/16 the number of trainees in England and Wales rose by 5 per cent, marking the first time since 2007/08 […]

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Taylor Wessing boosts PEP by 20% in last year under Eyles

Taylor Wessing‘s UK profit per equity partner (PEP) has skyrocketed by 20 per cent to £579,000 in the last full financial year under managing partner Tim Eyles. The firm posted a 12 per cent boost in UK turnover from £128.9m to £144.6m, while UK profit increased by 16 per cent from £49.1m to £56.8m in […]

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