More than 50 City law firms have joined a new apprenticeship initiative, City Century, which aims to encourage the hiring of at least 100 new solicitor apprentices in London within the next year.
Macfarlanes LLP, HFW and Bird & Bird become the latest City law firms to increase the salaries of their newly qualified (NQ) solicitors as the so-called ‘NQ pay war’ continues.
City law firms continue to see robust financial growth, with Clifford Chance reporting its best financial performance for seven years, and Macfarlanes LLP and Mills & Reeve LLP experiencing notable increases in turnover.