U.K. firm Macfarlanes has unveiled across-the-board salary raises for all of its associates with some set to benefit from a 6.5 percent hike. Macfarlanes is one of the best-paying law firms outside of the Magic Circle, sitting in the second tier alongside the likes of Herbert Smith. Last week the firm reported a 5 percent hike in turnover for the last financial year to a new high of 110 million pounds ($219.25 million), although profits at the London firm have remained static.
July 01, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
U.K. firm Macfarlanes has unveiled across-the-board salary raises for all of its associates, with some set to benefit from a 6.5 percent hike.
Trainees will now earn 37,000 pounds ($73,750), which represents a 1,000-pound ($2,000) pay increase. Both newly qualified and one-year post-qualified lawyers see similar rises, earning 65,000 pounds ($130,000) and 71,000 pounds ($141,500) respectively.
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