The magic circle firm announced that it was increasing salaries for fee-earners in London by between 5.5 and 12 per cent depe…
Linklaters has kicked off this year’s salary increases, raising newly qualified lawyers’ salaries by six per cent to £55,100.
The magic circle firm announced that it was increasing salaries for fee-earners in London by between 5.5 and 12 per cent depending on seniority, effective from 1 May.
Trainees will be paid £31,300, an increase of 5.5 per cent on the firm’s past rate of £29,700 for first seat trainees.
Associates will also be awarded work-related bonuses which are still be being finalised, but are expected to increase.
In addition, Linklaters also offers a profit-related bonus payable to both fee-earning and non-feeearning staff, however, this will not be finalised until the firm’s financial reports are completed later in the spring. Last year, the bonuses amounted to an average of £1,900 per person.
In conjunction to the salary increases, Linklaters has also announced a raft of new “work/life balance benefits” for its legal and support staff.
As part of the changes, Linklaters has launched a “Time Bank Scheme”, which allows those associates and trainees who have a 90 per cent utilisation rate to an extra day of paid leave every quarter. These days can be rolled up to a maximum of 20 days and used in conjunction with standard annual leave for a mini-sabbatical.
All lawyers and support staff will also be offered an emergency childcare service, at the firm’s cost, providing for either a local nursery or a qualified nanny to visit the staff member’s home if they are needed in the office and their normal childcare arrangements are not available.
An intranet-based lifestyle management and concierge service which, among other benefits, includes providing a key holding service, for example to enable access to people’s homes for deliveries, will also be rolled out to all staff.