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An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Olswang has frozen salaries for its newly qualified solicitors (NQs), but upped those for its more senior assistants.
NQ salaries will remain at £62,000, while assistants who have been at the firm for longer will receive raises of between 1.1 to 4 per cent.
Two and three-year post qualification experience solicitors are the biggest winners, and will receive pay rises of 4 per cent and 3.7 per respectively. Two-year PQEs now earn £75,000, and three-year PQEs are on £81,000.
One-year PQE’s salaries were raised by 1.5 per cent to £66,000.
Four-year PQEs salaries went up by 2.4 per cent to £85,000, and five-year PQE salaries increased by 1.1 per cent to £89,000.