Slaughter and May has confirmed that 93% of its autumn-qualifying trainees will be staying on as associates. The firm will be keeping 37 out of its 40 newly-qualified (NQ) solicitors.
City stalwart Ashurst has followed suit with peers in the Square Mile to raise the salary for newly-qualified solicitors (NQs), upping the ante to £105,000 including bonuses.
Travers Smith has marked a tenth consecutive year of revenue growth with an 11% increase in turnover, although profit per equity partner (PEP) grew at a more subdued 4%.
The rundown of this week's top news stories.
The man who led Gateley in its pioneering move to become the first UK law firm to float on the public markets is to step down as chief executive next year.
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