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Legal Week News
The latest stories from Legal Week.
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legalweek The Solicitors Regulation Authority (SRA) is set to abolish the minimum wage requirement for trainee solicitors in favour of the national minimum wage of £6.08 per hour. The change, which was voted in today (16 May) by the SRA board, will come into effect from 1 August 2014. After that date, employers will only be required to pay trainees the main rate for employees under the national minimum wage regulations.
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legalweek News International (NI) has spent more than £53m on its investigation into phone-hacking at the company since last summer, with the majority used to pay legal and professional fees. The figure is contained within NI’s accounts, recently filed on Companies House, which detail the company's expenses during the 10 months since the closure of the News of the World.
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legalweek Travers Smith has announced its annual partner promotions with eight new lawyers added to the top rank, including the promotion of a part-time lawyer for the second consecutive year. The round will see seven lawyers added to the firm’s partnership in London, with one associate made up in Travers’ sole international base in Paris.
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legalweek Covington & Burling has made a second consecutive anti-corruption lateral hire in London, with Steptoe & Johnson partner David Lorello joining the US firm this week (15 May). Lorello, who made partner at Steptoe in 2010, is US-qualified and focuses on US, UK and European regulatory issues.
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legalweek Covington & Burling has made a second consecutive anti-corruption lateral hire in London, with Steptoe & Johnson partner David Lorello joining the US firm this week (15 May). Lorello, who made partner at Steptoe in 2010, is US-qualified and focuses on US, UK and European regulatory issues.