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.
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.
Eversheds Sutherland (International) LLP, Irwin Mitchell LLP and Dentons have all announced high autumn retention rates, for both their trainee and solicitor apprenticeship cohorts.
A growing number of City law firms are now offering in-house pupillages, providing aspiring barristers with an alternative to chambers-based training.