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‘It’s a sausage factory’: Law firms fight to replenish junior ranks as deal boom burnout strikes

Top UK law firms are paying juniors a new standard of £100k, but will it be enough to stem exits?

By James Booth
 Clifford Chance hit record profit per equity partner numbers this year, at £1.85m. The firm’s managing partner Matthew Layton said their quarter to 30 April was the best in its history
 Clifford Chance hit record profit per equity partner numbers this year, at £1.85m. The firm’s managing partner Matthew Layton said their quarter to 30 April was the best in its history Photo: Alamy

The City's legal sector, like many other areas of the economy, cannot seem to hire good people fast enough, sending salaries through the roof.

“The war for talent is very real. You are seeing that across sectors, it’s not just a feature of the legal industry,” Allen & Overy managing partner Gareth Price told Financial News.

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