Junior Lawyers & the pay war: How much is enough? November 24, 2021 After years of studying for complex qualifications, junior lawyers might think they are entitled to expect some reward. And those ever-growing rewards have been the subject of much after-work pub chat in the City over the past year. In the race to secure the best young talent, City law firms have obliged in style. A [...]
Law Society slams proposal by solicitors’ regulator to throw out additional insurance cover November 24, 2021 The professional body has warned that scaling back insurance for law firms would make the marketplace “less safe” for consumers, after the Solicitors Regulation Authority (SRA) launched a consultation on the controversial proposals. The Law Society of England and Wales today said “consumers could be left high and dry if the regulator pushes ahead” with [...]
Mishcon de Reya faces £2.9m lawsuit over ‘tainted’ money family November 23, 2021 City law firm Mishcon de Reya is being sued for £2.9m over allegedly accepting “tainted” money from a former client as payment for legal fees, according to reports. The lawsuit, brought by the Tonstate Group, a property investment company, is the latest development in a family dispute involving property executive Edward Wojakovski, according to the Financial [...]
Watch out lawyers: Solicitors’ regulator pushes for greater fining powers November 19, 2021 The UK solicitors regulator has proposed increasing its powers to issue fines of £25,000.
Flexible working more important to lawyers than salaries, report finds November 19, 2021 Law firms competing in the pay war for legal talent may be barking up the wrong tree, according to new research which has found that flexible working edges out money as the top priority for lawyers. Around 83 per cent of lawyers in a survey of legal professionals, by legal recruitment consultancy Realm Recruit, said [...]
Solicitor in hot oil with regulator for hitting a member of the public with a frying pan November 18, 2021 The Solicitors Regulation Authority (SRA) has rebuked a lawyer after he "struck" a member of the public with a frying pan.
Former lord chief justice warns cautions for minor offences can have huge impact for life November 10, 2021 A former lord chief justice has warned of the long-term impact police cautions can have for even minor offences. Lord Thomas of Cwmgiedd called for Parliament to be given an opportunity to look at a code of practice or framework for how cautions could be used in future, as peers continued their line-by-line scrutiny of [...]
City law pay war: Akin Gump hikes trainee salaries close to £63k November 10, 2021 Akin Gump has upped salaries for trainee solicitors in London by almost 15 per cent according to reports, as the pay war for young lawyers heats up. The salary boosts by the US firm, which has offices in London, will take effect from the new year, according to Legal Cheek, which first reported the news. [...]
Lottery scammers impersonate Simmons & Simmons staff November 9, 2021 Fraudsters have used the name of Simmons & Simmons in a hoax to convince victims they have won the lottery, in the latest scam using City law firms. The scam phone calls from people purporting to be at Simmons & Simmons prompted the Solicitors Regulation Authority (SRA) to issue an alert last week warning members of [...]
Norton Rose Fulbright joins junior lawyer pay war with salary raise to £95k November 8, 2021 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12 per cent, as it joins the clamour for fresh legal talent, according to reports. The law firm announced a new “compensation strategy” which rewards new junior lawyers with an additional £10,000 a year, bringing their annual salary to £95,000, according to Legal Cheek, [...]