diff --git a/pkgs/development/compilers/solc/default.nix b/pkgs/development/compilers/solc/default.nix
index 283d036d412c..af9ddb872f9c 100644
--- a/pkgs/development/compilers/solc/default.nix
+++ b/pkgs/development/compilers/solc/default.nix
@@ -1,9 +1,9 @@
 { stdenv, fetchzip, fetchFromGitHub, boost, cmake, z3 }:
 
 let
-  version = "0.5.0";
-  rev = "1d4f565a64988a3400847d2655ca24f73f234bc6";
-  sha256 = "0phzk2whvgrrf8xpl5pz886glhd5s40y1hbbvq9q3fxf6vc3lisy";
+  version = "0.5.1";
+  rev = "c8a2cb62832afb2dc09ccee6fd42c1516dfdb981";
+  sha256 = "0d6mfnixlr9m5yr3r4p6cv6vwrrivcamyar5d0f9rvir9w9ypzrr";
   jsoncppURL = https://github.com/open-source-parsers/jsoncpp/archive/1.8.4.tar.gz;
   jsoncpp = fetchzip {
     url = jsoncppURL;
@@ -28,11 +28,6 @@ stdenv.mkDerivation {
     echo >commit_hash.txt "${rev}"
     substituteInPlace cmake/jsoncpp.cmake \
       --replace "${jsoncppURL}" ${jsoncpp}
-
-    # To allow non-standard CMAKE_INSTALL_LIBDIR (fixed in upstream, not yet released)
-    substituteInPlace cmake/jsoncpp.cmake \
-      --replace "\''${CMAKE_INSTALL_LIBDIR}" "lib" \
-      --replace "# Build static lib but suitable to be included in a shared lib." "-DCMAKE_INSTALL_LIBDIR=lib"
   '';
 
   cmakeFlags = [
@@ -42,7 +37,7 @@ stdenv.mkDerivation {
   ];
 
   doCheck = stdenv.hostPlatform.isLinux && stdenv.hostPlatform == stdenv.buildPlatform;
-  checkPhase = "LD_LIBRARY_PATH=./libsolc:./libsolidity:./liblll:./libevmasm:./libdevcore:$LD_LIBRARY_PATH " +
+  checkPhase = "LD_LIBRARY_PATH=./libsolc:./libsolidity:./liblll:./libevmasm:./libdevcore:./libyul:./liblangutil:$LD_LIBRARY_PATH " +
                "./test/soltest -p -- --no-ipc --no-smt --testpath ../test";
 
   nativeBuildInputs = [ cmake ];
@@ -56,7 +51,7 @@ stdenv.mkDerivation {
     homepage = https://github.com/ethereum/solidity;
     license = licenses.gpl3;
     platforms = with platforms; linux ++ darwin;
-    maintainers = with maintainers; [ dbrock akru ];
+    maintainers = with maintainers; [ dbrock akru lionello ];
     inherit version;
   };
 }
diff --git a/pkgs/development/compilers/solc/patches/shared-libs-install.patch b/pkgs/development/compilers/solc/patches/shared-libs-install.patch
index 70162bfbcb6a..fa30655e04e8 100644
--- a/pkgs/development/compilers/solc/patches/shared-libs-install.patch
+++ b/pkgs/development/compilers/solc/patches/shared-libs-install.patch
@@ -2,11 +2,10 @@ diff --git a/CMakeLists.txt b/CMakeLists.txt
 index 0c05208f..8893648e 100644
 --- a/CMakeLists.txt
 +++ b/CMakeLists.txt
-@@ -48,6 +48,20 @@ add_subdirectory(libevmasm)
+@@ -48,6 +48,25 @@ add_subdirectory(libevmasm)
  add_subdirectory(libsolidity)
  add_subdirectory(libsolc)
  
-+
 +install(DIRECTORY libdevcore/
 +        DESTINATION ${CMAKE_INSTALL_INCLUDEDIR}/libdevcore
 +        FILES_MATCHING PATTERN "*.h")
@@ -16,6 +15,12 @@ index 0c05208f..8893648e 100644
 +install(DIRECTORY libsolidity/
 +        DESTINATION ${CMAKE_INSTALL_INCLUDEDIR}/libsolidity
 +        FILES_MATCHING PATTERN "*.h")
++install(DIRECTORY libyul/
++        DESTINATION ${CMAKE_INSTALL_INCLUDEDIR}/libyul
++        FILES_MATCHING PATTERN "*.h")
++install(DIRECTORY liblangutil/
++        DESTINATION ${CMAKE_INSTALL_INCLUDEDIR}/liblangutil
++        FILES_MATCHING PATTERN "*.h")
 +install(DIRECTORY liblll/
 +        DESTINATION ${CMAKE_INSTALL_INCLUDEDIR}/liblll
 +        FILES_MATCHING PATTERN "*.h")
@@ -57,8 +62,23 @@ index 0bdec4b4..e876177e 100644
 @@ -29,6 +29,7 @@ endif()
  
  add_library(solidity ${sources} ${headers})
- target_link_libraries(solidity PUBLIC evmasm devcore ${Boost_FILESYSTEM_LIBRARY} ${Boost_SYSTEM_LIBRARY})
+ target_link_libraries(solidity PUBLIC yul evmasm langutil devcore ${Boost_FILESYSTEM_LIBRARY} ${Boost_SYSTEM_LIBRARY})
 +install(TARGETS solidity LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR})
  
  if (${Z3_FOUND})
    target_link_libraries(solidity PUBLIC ${Z3_LIBRARY})
+--- a/libyul/CMakeLists.txt
++++ b/libyul/CMakeLists.txt
+@@ -42,3 +42,4 @@ endif()
+ 	optimiser/VarDeclPropagator.cpp
+ )
+-target_link_libraries(yul PUBLIC devcore)
++target_link_libraries(yul PUBLIC evmasm devcore langutil)
++install(TARGETS yul LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR})
+--- a/liblangutil/CMakeLists.txt
++++ b/liblangutil/CMakeLists.txt
+@@ -11,3 +11,4 @@ endif()
+ 
+ add_library(langutil ${sources})
+ target_link_libraries(langutil PUBLIC devcore)
++install(TARGETS langutil LIBRARY DESTINATION ${CMAKE_INSTALL_LIBDIR})