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 […]
Yorkshire firm Chadwick Lawrence has introduced new initiatives and enhanced its benefits package to strengthen its competitive edge in retaining and attracting talent in the region. One of the initiatives is a wellbeing policy, granting every staff member two hours per week during work hours for personal health and wellness activities. The initiative was originally […]
London may be the epicentre of the talent wars, but its reverberations are widely felt. Outside the capital, rates for newly-qualified (NQ) lawyers have rocketed. Mass hybrid working has heated the pot and the talent pools available to regional giants are no longer geographically constrained. At the same time, regional firms know that they must […]
As private practice firms continue to increase NQ pay in a bid to match the competition, magic circle chambers are unmoved. The past year has seen a consistent rise in pupillage awards across the Bar. However, as the quest to attract the best pupils continues and awards reach figures as high as £100,000 in some specialist […]
Lewis Silkin has become the latest firm to introduce a parental leave policy that enables staff to take 26 weeks off at full pay. The new system means that all parents, regardless of gender identity, can take up to 52 weeks’ leave with 26 weeks at full pay. This matches policies already introduced by Ashurst, […]
Boodle Hatfield and Jenner & Block are the latest firms to have introduced new parental leave policies for their UK staff. The firms have updated former policies that provided new fathers with the standard two weeks’ paid leave while new mothers received 22 weeks’ paid leave at Jenner & Block and 15 weeks at Boodles. […]