Law firms second only to investment banks for graduate starting pay

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Top law firms are offering starting salaries to graduates that are second only to investment banks according to a new report.

The Graduate Market in 2019 is an analysis of is a study of graduate vacancies, starting salaries and undergraduate work experience programmes at the 100 leading employers in the UK.

The median salary for law firms included in the report is £45,000 (approx. AU$81K) with Linklaters offering the highest salary in the sector at £47,000, the same as the median for investment banks.

White & Case (£46,000), Baker McKenzie (£45,000), Allen & Overy (£45,000), Freshfields Bruckhaus Deringer (£45,000) and Hogan Lovells (£45,000) are among the most generous employers for graduates.

DLA Piper boosts Singapore corporate team
Phillip Lee has joined DLA Piper in Singapore as a corporate partner.

Lee switches from Herbert Smith Freehills where he has been a partner since 2012. His specialism is debt capital markets work and he also has experience advising on complex securities transactions, especially related to structured finance and general securities.

"Growing our Corporate and Finance offering in Asia is a key priority for us,” said Li Qiang (LQ), Co-Managing Partner for DLA Piper in Asia. “Following the hire of Yang Ge in Beijing and Henry Cheng in Hong Kong in 2018, Philip’s appointment is another step in further enhancing our offering across these areas."

BCLP completes German offices merger
Bryan Cave Leighton Paisner has finalized the merger of the German offices of the legacy firms Bryan Cave and Berwin Leighton Paisner.

The partners of both firms overwhelmingly approved the combination last February and all offices are now operating under the shared brand. The firm has offices in three key financial hubs in Germany: Berlin, Hamburg, and Frankfurt. The two legacy Frankfurt offices have been combined into one.