The track to partnership at the country's largest law firms is continuing to lengthen, with the average level of experience held by new UK partners now standing at more than 10 years, according to research by Legal Week. Figures compiled from the UK top 20 firms' 2013 partner promotions show the average length of time taken for UK lawyers to reach partnership from qualification reached 10.5 years, up from last year's figure of 10.3. When focusing solely on the top 10, the figure rises further to an average of 10.6 years, up from 10.4 last year. These figures are significantly higher than those seen before the onset of the credit crunch in 2008, when the average post-qualification experience (PQE) for new partners at top 10 firms stood at 8.8 years.
May 30, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Average PQE of new UK partners at top 20 passes 10-year mark
The track to partnership at the country’s largest law firms is continuing to lengthen, with the average level of experience held by new UK partners now standing at more than 10 years, according to research by Legal Week.
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