Magic Circle

US law firms have ignited a fresh City pay battle after awarding London associates bonuses that dwarf those on offer at leading English practices, in some cases tripling the sums given out by their UK competitors. Two major Wall Street firms – including one of New York’s long-established

Bosses at a magic circle law firm have warned that bonuses will only be given to lawyers who work in the office. The warning was made amid concern among City law firm bosses that younger lawyers are missing out on key experience by working remotely.

Magic circle firm Linklaters is testing artificial intelligence by giving it law exams to determine whether it can reliably perform legal tasks. The firm has created the LinksAI English law benchmark, designed to “test the ability of large language models to answer legal questions.” The

Magic Circle firm Slaughter and May aims to have a quarter of its staff hail from lower social backgrounds within the next decade.

Clifford Chance has broken the £2 million pay barrier for partners after awarding them a 10 per cent pay rise, The Times reports. The firm said the average annual drawing for its full-equity partners was £2.04 million, putting it ahead of Allen & Overy, which announced an equivalent

Newly qualified solicitors at Linklaters will receive salaries of just over £107,000 as the magic circle firm raises the stakes in the ongoing pay war amongst law firms in the City. The firm confirmed it will pay NQs £107,500 – a 7.5 per cent rise at the firm and £500 more th

Magic Circle firms have overtaken US firms in the UK league table for mergers and acquisitions, The Times reports. Freshfields Bruckhaus Deringer, with 60 deals worth $144.4 billion over the past year, led the latest Mergermarket league table compiled for Legal Week, followed by Slaughter and May, H