Salaries

Legal Landscape Shift: Record Law Graduate Employment Surges Amidst AI Integration Yet Salaries Slip

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Washington, D.C. — The integration of artificial intelligence in the legal field has yet to significantly alter the hiring landscape for new law graduates. Recent data from the National Association for Law Placement (NALP) indicates that the employment rate for fresh law school graduates in the United States reached its highest level on record. However, despite this increase in hires, the median salaries for entry-level positions across law firms saw a decline of 3%. Many experts are questioning whether legal AI has begun to impact employment numbers. Historically, the adoption of AI tools in law … Read more

rising Salaries for Junior Lawyers Spark Concern Among In-House Counsel: Is the Pay War Sustainable?

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London, England — The escalating pay rates for junior lawyers in London’s legal sector are causing growing concern among clients, who feel the impact on their bills. According to a recent survey of in-house legal professionals, many are questioning the sustainability of increasing compensation amid rising legal fees. One lawyer specializing in technology and media expressed frustration, highlighting the discrepancy between reported salary hikes for newly qualified lawyers and the corresponding inflating invoices clients receive. This sentiment was echoed by another in-house attorney in infrastructure, who argued that the significant salary increases for junior staff … Read more

Ashurst LLP Raises Starting Salaries for Newly Qualified Lawyers to £140,000, Closing In on Rivals

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London, England — Ashurst LLP has announced a significant salary increase for its newly qualified lawyers in the capital, raising their annual compensation by £15,000 to a total of £140,000, a firm spokesperson stated. This adjustment brings Ashurst’s pay scale in line with its prominent UK-based competitors, such as Freshfields and Linklaters, which both increased their entry-level lawyer salaries to £150,000 last year. The firm’s decision comes in the wake of a reported increase in its revenue for the previous fiscal year, which concluded in April. Ashurst’s revenue climbed by 9% to reach £961 million, … Read more

Slaughter and May Stands Firm: Junior Lawyer Salaries Remain at £150,000 Amid Industry Shifts

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LONDON, UK — Prominent law firm Slaughter and May has decided to maintain its starting salary for junior lawyers at £150,000. This decision comes as various firms in the legal sector adjust their compensation packages amid rising cost-of-living pressures. The firm’s decision to hold the line on junior lawyer salaries reflects a commitment to its established pay structure, even as some competitors have chosen to increase salaries significantly to attract talent. Legal experts noted that while top-tier firms are often under pressure to offer competitive compensation, Slaughter and May’s approach appears to focus on long-term … Read more