Bonus upsets, pay overhauls and Allen & Overy’s new management – the best of Legal Week last week

Legal Week | Editor's Comment June 6, 2016 Bonus upsets, pay overhauls and Allen & Overy’s new management – the best of Legal Week last week The best news, interviews and analysis from Legal Week during the past seven days Few things in life attract people's attention as much as money and last week was no exception. Clifford Chance followed the lead of magic circle rivals Linklaters and Allen & Overy by rolling in base pay and bonuses for junior lawyers to create a package that, while on the face of it is only £1,000 more than the maximum available last year, guarantees virtually all of its NQ lawyers a salary of £85,000. The firm also joined Slaughter and May in introducing a new remote working policy that, in theory, should make it easier for lawyers to improve their work/life balance – if only a little. Kirkland & Ellis on the other hand was feeling less generous, asking for money back from one of its departing partners. The Chicago firm refused to allow Hong Kong corporate partner Frank Sun to leave for US rival Latham & Watkins until he repaid in full a $120,000 bonus he received in 2014. Elsewhere, Allen & Overy's new leadership duo have set their sights on growth in the US, as well as trying to stay ahead of the competition by investing in improving innovation and diversity.  Innovation was also the theme of the day at Legal Week, with Cooley, Dentons and Pinsent Masons among the big winners at the recent Legal Week Innovation Awards. Other highlights last week include a video interview with late Slaughter and May corporate partner Frances Murphy filmed by the First 100 Years project, which charts the progress of women in law, in which Murphy discusses everything from her motivation for becoming a lawyer to her love of deals. Murphy died last month after a long illness. Other stories you may have missed: Deutsche Bank legal strategy head to leave Freshfields climbs FTSE 250 adviser rankings as Slaughters holds top spots  KWM cuts 37 London support staff Shell set to open offshore legal centre Dealmaker: Hogan Lovells' Tom Brassington on bacon, mosquitos and Game of Thrones Dechert reshuffles London leadership in growth bid 'The message has got through that a UK merger ain't going to cut it' – reaction to the Addleshaws/Hunton talks  Baker & McKenzie London head elected as firm’s global chair Freeths nears spot in UK top 50 with record results EY hires Addleshaw Goddard competition head Top Asia law firms and in-house teams line up to compete in premier China legal awards Linklaters and Davis Polk advise on $1.37bn insurance deal More stories from Legal Week Legal Week Conferences & Events Legal Week Banking Litigation and Regulation Forum 2016 Conference Tue 14th Jun 2016 - London, UK Legal Week Strategic Technology Forum 2016 Conference Wed 15th Jun 2016 - Penha Longa, Portugal Corporate Counsel Forum Hong Kong 2016 Conference Thu 23rd Jun 2016 - Hong Kong, Hong Kong More Legal Week Conferences & Events Legal Briefings & Resources The Market Abuse Regulation: a guide to the new regime for AIM companies Signs of the times: transgender equality best practice for employers Long hours culture: when does an expectation become a practice? More Legal Briefings & Resources Legal Jobs Thomson Reuters: Editor, Practical Law Public Sector Competitive European Patent Office: Lawyer in Institutional Law and Litigation from EUR 5 223 to 7 396, depending on experience. Citizens Advice Bureau: Housing Law Expert Up to £38,570 More Legal Jobs

© Legal Week (IP) Limited, a subsidiary of ALM Media, LLC. All rights reserved. This email is intended for anjeri2010.lawyerinfo@blogger.com. Update Details & Email Options Add to Safe Senders  |  Contact Unsubscribe