BLP plays catch-up with salary rises
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Berwin Leighton Paisner (BLP) has increased its salaries for trainee and newly qualified solicitors (NQs).
From September this year it is understood that NQs at the firm will be paid £62,000, an increase of 16 per cent on the £53,000 received by NQs presently.
First seat trainees will also be paid more, taking home £33,000 plus a £2,500 starting bonus – up 10 per cent on the £30,000 plus £2,500 bonus the 2006 intake has received.
The hikes follow those at top 10 firms such as Allen & Overy (A&O), Clifford Chance, Freshfields Bruckhaus Deringer, Linklaters, Lovells and Slaughter and May, which still leave BLP lagging behind.
Clifford Chance was the first firm to hike pay for assistants, upping NQ pay to £63,500. A&O, Linklaters and Freshfields have since topped that, offering their NQs £65,000, £64,000 and £65,000 respectively.
Lovells has hiked its assistant salaries by 19.8 per cent, meaning NQs are paid £63,500, plus a bonus of £1,000 for those who trained at the firm.
Slaughters also upped pay for its NQs to £63,500 from £60,000, although associates are also eligible for a bonus of up to 15 per cent of salary.
