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This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Clifford Chance has boosted its trainee and associate salaries, with three-year PQE associate wages crossing the £90,000 mark, to £93,500.
First year trainee salaries have risen by 4 per cent from £39,000 to £40,500 while Second-year trainee salaries have increased by 3.5 per cent from £44,000 to £45,500.
Newly-qualified (NQ) salaries have jumped from £63,500 to £67,500, an increase of over 6 per cent. Meanwhile, one-year PQE wages now stand at £72,500, up 4 per cent from £69,500.
Second-year PQE salaries have risen by a huge 7.5 per cent to £84,000, up from £78,200, and third-year PQEs are set to receive £93,500, up by 6.5 per cent, from £87,800.
With maximum bonuses included, it is now possible for a Clifford Chance NQ to receive £81,000 total remuneration while a one-year PQE can take home £94,250. For two-year PQE lawyers this stands at £109,200 and three-year PQEs can be paid £121,550.
The salary raises are effective from 1 May 2014.
London managing partner David Bickerton, said: “The London office has had another good year, which has seen us instructed on some of the most high-profile work in the market. These salary increases and bonus awards reflect our appreciation of the consistently high-quality work of our lawyers.”