Slaughter and May has increased its trainee and associate remuneration for the second time in two years, with newly-qualified lawyers receiving a pay hike of up to 3.2 per cent. NQ’s are set to receive the biggest pay rise, seeing their remuneration jump up from £63,000 to £65,000 on 1 May 2014. The salary for […]
After 12 years of established law in this area, it’s disappointing (if understandable) that the Treasury should mount a smash-and-grab raid on the professions to increase the tax yield. Understandable because of the size of the potential tax yield. By the time of the Autumn Statement, the anticipated yield 2014/15 – 2018/19 had grown from […]
It is now slightly more than a year since the first employers reached their automatic enrolment staging dates and therefore many of the practical issues that arise for employers when implementing the reforms are now apparent. Updated versions of the guidance on certification of the quality requirement were issued in September and amendments designed to […]
RPC has broken ranks with the rest of the City and has ditched a fixed salary to newly-qualified lawyers. Instead. NQs will be assessed on performance and will be remunerated within a broad pay band. Will other firms follow suit? RPC to scrap NQ flat rate salary for performance-based pay Remuneration deliberations Davis Polk joins […]