London’s leading commercial law firms have reported sharp rises in partner earnings over the past financial year. Average profit per equity partner at major firms, including Linklaters LLP, A&O Shearman, Herbert Smith Freehills Kramer and Macfarlanes LLP, ranged from more than £1.5 million to more than £3 million during 2024/25. The upward trend was echoed at Clifford Chance, where newly filed Companies House accounts revealed the highest-paid partner received more than £7 million.
Trainees who qualified via the Solicitors Qualifying Exam (SQE) are said to be underperforming in core legal skills compared to those who completed the Legal Practice Course (LPC), according to new research by Legal Cheek.