Market Overview
The London legal market saw a 15% increase in lateral partner moves during 2024, driven by US firms expanding their London offerings and Magic Circle firms responding with competitive retention packages.
Salary Benchmarks
Partner compensation at Magic Circle firms averaged £1.8m in 2024, while US firm London partners saw packages exceeding £3m. This section provides detailed benchmarks across firm tiers and practice areas.
Practice Area Trends
Private equity, restructuring, and regulatory investigations led demand. We analyse which practice areas are growing, contracting, and emerging.