Needing little introduction London is one of the world’s most important global cities. It is one of the largest financial centres in the world and is home to many of the world’s leading, international law firms.
There is a plethora of practice areas in the commercial world but for lawyers coming in from outside the UK, law firms will typically sponsor overseas lawyers who have experience in
- Banking & finance
- Commercial dispute resolution
- Projects & construction
As of 2021 it is the US law firms which are driving the market. At a leading US firm a 3 PQE can now earn £155,000 and a 5PQE can now earn £200,000. At a UK Magic Circle firm the rates are respectively £115,000 and £150,000.
Employment visas are now required for all non-UK citizens.
Lawyers in the leading London firms work very hard and transactional work can mean that the hours are long. Those wanting a more predictable day need to look to smaller firms, the offshore law firms or in-house.