CMS has raised its newly-qualified (NQ) salary to £73,000 plus bonuses. Qualifiers will have the ability to earn a bonus of up to 20% on top of their salary, based on their performance and ‘contribution to the firm’.
The rundown of this week’s top news stories.
The deal teams of elite City firms have seen a busy end of July amid several multibillion-pound deals, as the London Stock Exchange (LSE) launched a $27bn bid to acquire Refinitiv and Advent International announced the £4bn acquisition of UK aerospace supplier Cobham. Meanwhile, another private equity house investing in the UK aviation industry, CVC Capital Partners, acquired BBA Aviation’s aircraft parts unit Ontic for $1.37bn.
Taylor Vinters is opening an office in Oxford, as well as a sales and consulting team in New York.
Latham & Watkins’ leadership is moving out of London after four years with City-based chair and managing partner Rich Trobman is set to relocate to his native US just over a year into his first term at the helm of the firm.
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