Hogan Lovells boosts NQ pay to £61,500

The top ten firm’s NQs will now receive a salary of £61,500, up from £61,000 in 2011.  The firm also increased its NQ pay last year by £1,000.

Meanwhile the pay levels for its trainee solicitors are remaining steady at the 2011 levels, with first-year trainees and second-year trainees receiving £38,000 and £43,000 respectively.

This follows an increase for both levels in 2011 from £37,000 and £42,000.

Last week, magic circle firms Allen & Overy, Freshfields Bruckhaus Deringer and Linklaters announced their 2012 salary reviews.

NQs at Freshfields received the greatest lift, with salaries boosting from £61,500 to between £65,000 and £72,000 following its move to a new merit-based remuneration system (8 May 2012).

Allen & Overy increased its NQ salary from £61,000 up to £61,500, while Linklaters froze its NQ pay at £61,500 (4 May 2012).

A&O and Linklaters both offered nominal increases for those in the first three years following qualification (18 April 2012).