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.
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.