Wake Up Call: Baker McKenzie Raises Junior Lawyers’ Pay in UK

July 13, 2022, 12:27 PM UTC

In today’s column, another federal court ruled that Covid-19 shutdowns are not “business interruptions” under insurance coverage; UK firm Simmons & Simmons’ per-lawyer profits topped 1 million pounds for the first time; and a Florida firm says it’s gotten some “nice paychecks” since accepting bitcoin as payment.

  • Leading off, Baker McKenzie bumped its UK junior lawyers’ pay up by 5,000 pounds to 110,000 pounds ($131,138), in the latest example of London firms taking different approaches to legal talent as demand eases. Some firms, like Akin Gump, have offered bigger raises. Others, like Allen & Overy and Linklaters, have kept ...

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