Goodwin has surpassed the newly-qualified solicitor pay offered by US firms Kirkland & Ellis and Vinson & Elkins, by upping its rates to £175,000. Pay for NQs increased from £161,500 from the start of June, a jump of nearly £15,000. Kirkland and Vinson & Elkins currently pay their NQs just over £173,000. Goodwin is also […]
“Today, you are now earning more than the Prime Minister of the United Kingdom,” is the favoured introduction of one senior partner on day one of NQ induction at a US firm, and The Lawyer can reveal that in fact, 101 newly-qualified (NQ) solicitors are now earning more than the Prime Minister, with some taking […]
A&O Shearman has increased its newly-qualified (NQ) solicitor pay to £150,000, having said it would keep to its £125,000 rate on merging last month The firm matches its rivals, which have all increased their NQ salaries by £25,000 in the last month to £150,000. Freshfields Bruckhaus Deringer was first, followed swiftly by Linklaters and then […]
Pinsent Masons is the latest firm preparing to increase its newly-qualified (NQ) solicitor salary from September, with a 5 per cent rise in London. The move means that NQs in the London office will receive a salary of £97,000 upon qualification, up 5.4 per cent from the current £92,000 rate. Regional rates will also go […]
Clifford Chance has increased its newly-qualified salary, meaning Allen & Overy Shearman is now the only one of its peer group not to hike pay to £150,000. The £25,000 increase to £150,000 comes less than four weeks after Freshfields Bruckhaus Deringer’s decision to increase pay and 12 days after Linklaters. The Lawyer understands that the […]
As UK law firms continue to review their family support packages for staff, CMS has introduced a foster care policy for its UK employees and widened its family support initiatives. The policy offers up to 10 days’ leave for planned permanent placements to help children settle into their new homes and up to five days’ […]
Linklaters has increased its newly-qualified lawyer salary by £25,000, a fortnight after Freshfields Bruckhaus Deringer did the same. The firm has increased its NQ pay from £125,000 to £150,000. Alongside this, trainee salaries have risen by £6,000 across both years to £56,000 and £61,000. Solicitor apprentice pay is now £28,000, growing from £25,000. The firm […]
The latest newly-qualified (NQ) salary rise from Freshfields Bruckhaus Deringer still managed to raise interest last week, despite the fact enormous pay hikes are the new normal these days and that even £150,000 isn’t unusual any more (as of last week, Quinn’s £180,000 tops the market alongside Gibson Dunn). But it is still significant because […]
Quinn Emanuel Urquhart & Sullivan has increased its salary for newly-qualified solicitors (NQs) to £180,000. The US disputes specialist’s other associate salaries will also rise when the move takes effect from June. A 1 PQE associate is set to be paid £195,000, while a 2 PQE associate will be on £220,000. For 6 PQE associates, […]
Freshfields Bruckhaus Deringer has upped its newly qualified (NQ) solicitor salaries to compete with the US market. NQ salaries have increased from £125,000 to £150,000. There have also been changes to trainee compensation. First-year trainees will see an increase of £6,000 as salaries rise from £50,000 to £56,000. Second-year trainee salaries will increase from £55,000 […]
Car lease schemes for partners are rapidly dwindling in the wake of the electric vehicle (EV) salary sacrifice revolution, but Hill Dickinson is not one of them. Once a more common method for partners to enjoy part of their profit share, traditional car lease schemes have lost their lustre. The tax incentives that once made […]
Newly-qualified solicitors (NQs) at Shearman & Sterling are set to miss out on an extra £20,000 in salary when the firm merges with Allen & Overy next month. A decision has been made to align NQ salaries with A&O, where NQs are currently on £125,000. NQs at Shearman are currently on £145,000. Not only will […]