Simmons & Simmons Chief Warns Skyrocketing Lawyer Salaries May Lead to Unsustainable Future
LONDON — The rapid escalation of salaries in the legal profession has sparked concerns over sustainability, according to top executives in the industry. Jeremy Hoyland, managing partner at international law firm Simmons & Simmons, has voiced significant worries about the current trajectory of lawyer compensation, marking a pivotal moment for law firms worldwide. This expression of concern comes amidst a broader trend where starting salaries for new lawyers at leading law firms are reaching unprecedented heights. For instance, some U.S. law firms now offer starting salaries as high as $215,000. This steep increase is not … Read more