Milbank associates are on track to receive a year-end bonus of up to $115,000, in addition to the summer bonuses paid in September. Set to be paid by the end of December, associates can expect a sum between $15,000 and $115,000, as first reported in Above the Law. Associates with six years or experience or more […]
McDermott Will & Emery is increasing its trainee salaries, matching the top of the market figures announced recently by Davis Polk & Wardwell. Davis Polk recently raised the bar for London trainee salaries, announcing that first years would pick up £65,000 and second years receiving a salary of £70,000. McDermott Will & Emery is matching […]
The recent news coming out of Burges Salmon that its newly qualified (NQ) salary in Scotland has been raised to £68,000 shows this is a firm that – despite its years of protestations to the contrary – is now firmly two-site, intent on building out in Edinburgh and not afraid to splosh the dosh to […]
Mayer Brown’s salary hike in Germany now matches magic circle firms, with bonuses for first-year lawyers introduced for the first time too. On 1 January, Mayer Brown’s starting salary in Germany will be brought to a maximum of €155,000, with first-year lawyers also now viable to receive bonuses. That privilege had previously been available to […]
Burges Salmon has increased its trainee and newly qualified solicitor (NQ) salaries, with what is believed to be a market-topping £68,000 in Edinburgh. In its home town of Bristol, first-year trainee pay rose from £44,000 to £47,000 as of 1 September, with second years getting a boost from £46,000 to £49,000. NQs will get £72,000, […]
Squire Patton Boggs has become the latest firm to announce a pay rise for its newly qualified (NQ) solicitors. The US firm will hike NQ salaries in the City by 10 per cent from £100,000 to £110,000 at the start of 2025, two years on from its last increase. NQs in the firm’s regional offices […]
Early signs suggest that Walker Morris’s new solicitor sabbatical scheme is boosting talent retention.
Addleshaw Goddard has entered the £100,000 club after hiking City salaries for newly qualified solicitors (NQ) by over 5 per cent. The firm’s rate for junior lawyers in London has increased from £95,000 to £100,000. The last time Addleshws raised its NQ salary was in September 2022, when the firm implemented a 16 per cent […]
Having introduced a firmwide bonus for the first time two years ago, Shoosmiths is now contemplating whether to develop an individual reward scheme for its lawyers. The firmwide bonus, set up in August 2022, recognises all firm employees (excluding partners). It set out to pay staff between 5 to 7 per cent of their basic salary […]
Mishcon de Reya has hiked salaries for newly qualified solicitors (NQ) by 5.5 per cent to £95,000. The last time the firm raised its NQ salary was in May 2022, when it opted for an 8 per cent uplift from £83,000 to £90,000. NQs also saw a hike only six months before that in November […]
Newly-qualified solicitors at Slaughter and May are officially joining the £150,000 pay club after the firm brought its pay review forward. The firm had previously stated it would hold its pay rate at £125,000 until at least November this year. The new salary took effect on 1 September, putting the firm in line with Freshfields […]
Charles Russell Speechlys (CRS) has unveiled its annual salary review for newly-qualified (NQ) solicitors, showing an increase of 3.5 per cent on average. CRS takes on trainee solicitors in its London, Cheltenham and Guildford offices. In London, NQ salaries have increased from £85,000 to £88,000. In Cheltenham and Guildford, NQs receive £62,000, up from £60,000. […]