The Lawyer has compiled trainee solicitor salaries and newly-qualified (NQ) solicitor salaries from the UK’s largest law firms. Last full update: 22 October 2024 Last minor update: 1 November 2024 The latest salary figures are a reflection of the influence of American firms on the UK market. When Bingham McCutchen became the first firm to […]
Chambers are assessing whether to increase their pupillage salaries ahead of the next application window, after a year of hikes across the largest sets.
Recognising the importance of feeling valued should be a top priority for law firm leaders. The impact of feeling unappreciated goes beyond mere dissatisfaction – it can be downright disheartening, leaving individuals questioning the significance of their roles and keeping an eye on the jobs board. The silver lining for employers is that reversing this […]
White & Case is the latest in a slew of US firms increasing pay in the City for junior lawyers. The firm has upped its newly-qualified (NQ) solicitor rate by 7 per cent from £140,000 to £150,000. Taking on a greater number of trainees in the City than its leaner US rivals (approximately 50 each […]
US firms in the City are increasing their salaries for newly-qualified lawyers (NQs), after rises across the Atlantic were announced last year. In November, the so-called Cravath scale saw firms across New York announce a new pay scale for its associate ranks. At the most junior end, it meant lawyers would receive $225,000. Firms in […]
Every member of staff at Newcastle-headquartered firm Muckle enjoyed a bigger bonus last year after the firm grew its profit share pool by more than 80 per cent. The firm’s profit share pool for the 2022/23 financial year amounted to £312,627, which meant every member of staff at Muckle received a bonus equivalent to 4.6 […]
Swedish firm Mannheimer Swartling has revamped its remuneration system for associates in a bid to bring it in line with the firm’s pure lockstep model for partners. Mannheimer brought in a bonus scheme for associates around a decade ago with junior lawyers assessed on registered hours worked. The result was a flat bonus awarded to […]
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 […]