US giants are considering whether to match a compensation scale set by Cravath Swaine & Moore last night. McDermott Will & Emery and Paul Hastings have both said they will offer its associates the same salaries as Cravath. This means that the firms’ most junior lawyers in the US will pick up $225,000, while those […]
Having held back from a salary increase earlier in the year, Slaughter and May has now bumped up its newly-qualified pay to £125,000. The rise puts Slaughters in line with salaries offered to NQs at the magic circle firms. Slaughters had been paying its newest solicitors £115,000 prior to the change. The hike was first […]
Salary wars are so 2022. Or are they? On Tuesday this week, The Lawyer’s deputy editor (UK) Richard Simmons revealed the largest firm pay gaps between London and the regions. Did you know that Hogan Lovells’ Birmingham newly qualifieds (NQs) are paid £45,000 less than their London colleagues? And Eversheds Sutherland’s regional NQs are all […]
Solicitors at Hogan Lovells in Birmingham probably feel pretty happy with their lot. After all, they’re the best-paid bunch of lawyers in the Midlands, with NQs earning £75,000. That sort of money goes a long way in Brum, and knocks the salaries offered by local competitors like Fieldfisher (£65,000), Gowling WLG (£63,000) and Gateley (£55,000) […]
Hogan Lovells and CMS have the biggest salary gaps between London newly-qualified (NQ) solicitors and their counterparts in the regions. As law firms continue to grapple with pay scales across multiple locations in an era when remote working is common, the discrepancies are becoming increasingly obvious. The Lawyer understands regional associates at certain firms are […]
The first firm outside the UK top 100 to offer a newly-qualified salary of £100,000 has arrived. What’s more, its chargeable target remains an attractively low 1,400 hours. There’s only one catch for those wishing to take advantage of this enticing proposition… you’ll need to be a pensions lawyer. In 2020, The Lawyer reported that […]
More than two-thirds of legal professionals have experienced mental health issues, and one in five have been bullied or harassed at work. This was the truth laid bare by LawCare back in 2021 after a snapshot survey of 1,700 legal professionals at the end of 2020 – the first pandemic year. A chief concern about […]
Successful candidates who directly apply for a role at Yorkshire law firm Lupton Fawcett will now receive an onboarding bonus of up to 20 per cent of their annual salary. The initiative has been launched in an attempt to cut out the middleman – such as recruitment agencies and headhunting firms – to attract candidates […]
Leeds-based Walker Morris has added new metrics to its year-end bonus structure and increased the bonus pot in a bid to improve the firm’s financial hygiene. The firm has had a year-end bonus in place for several years now linked to chargeable hours, but during the last financial year it added elements linked to firmwide […]
Simmons & Simmons has raised its newly-qualified (NQ) lawyer pay by 2 per cent in the City and by 4 per cent in Bristol. London-based NQs are looking at a £107,000 starting salary up from the previous £105,000. Meanwhile, rates for NQs in Bristol have gone to £72,000 from £69,000. The increases took effect on […]
Travers Smith is the latest firm to raise salaries for its newly-qualified lawyers, increasing its base salary by £5,000. A Travers spokesperson said in a statement: “Newly-qualified lawyers will now receive a base salary of £110,000 that can rise to between £110,000 and £130,000 after bonuses.” The pay rise puts Travers behind the likes of […]
As more firms look to stay competitive, Ashurst has increased its newly-qualified lawyer pay by nearly 10 per cent. The firm has raised salaries for its NQs from £105,000 to £115,000. A spokesperson said in a statement: “We carefully monitor and review our pay structures to attract and retain talent and remain competitive. “We are […]