Successful candidates who directly apply for a role at Yorkshire law firm Lupton Fawcett will now receive an onboarding bonus of up to 20 per cent of their annual salary. The initiative has been launched in an attempt to cut out the middleman – such as recruitment agencies and headhunting firms – to attract candidates […]
Leeds-based Walker Morris has added new metrics to its year-end bonus structure and increased the bonus pot in a bid to improve the firm’s financial hygiene. The firm has had a year-end bonus in place for several years now linked to chargeable hours, but during the last financial year it added elements linked to firmwide […]
Simmons & Simmons has raised its newly-qualified (NQ) lawyer pay by 2 per cent in the City and by 4 per cent in Bristol. London-based NQs are looking at a £107,000 starting salary up from the previous £105,000. Meanwhile, rates for NQs in Bristol have gone to £72,000 from £69,000. The increases took effect on […]
Travers Smith is the latest firm to raise salaries for its newly-qualified lawyers, increasing its base salary by £5,000. A Travers spokesperson said in a statement: “Newly-qualified lawyers will now receive a base salary of £110,000 that can rise to between £110,000 and £130,000 after bonuses.” The pay rise puts Travers behind the likes of […]
As more firms look to stay competitive, Ashurst has increased its newly-qualified lawyer pay by nearly 10 per cent. The firm has raised salaries for its NQs from £105,000 to £115,000. A spokesperson said in a statement: “We carefully monitor and review our pay structures to attract and retain talent and remain competitive. “We are […]
Baker McKenzie has announced it has increased its newly-qualified lawyer salaries in London to £118,000. Trainee salaries at the firm are understood to be remaining at their current rates of £50,000 for first year trainees and £55,000 for second years trainees. NQ pay has risen from £110,000, with the changes applying from 1 July 2023. […]
Pinsent Masons has boosted equity partner remuneration by around 13 per cent, while keeping pay rises for all other groups of staff at well below inflation. Last week, the firm completed a compensation review in which equity partners received a £2,500 per point pay rise. The hike took the value of a point to £21,400, […]
DLA Piper has once again increased pay for its newly-qualified lawyers (NQs), with rises for both its London cohort and those practising in the regions, The Lawyer can reveal. As of September 2023, all NQs will receive a 5 per cent increase in salary. For those in London, that means a hike from £95,000 to […]
Hogan Lovells is the latest firm to join the likes of A&O and Linklaters in hiking its newly-qualified solicitor pay, The Lawyer understands. Newly-qualified solicitor pay in London is set to rise by 12 per cent from £107,500 to £120,000. Birmingham NQs will be paid £75,000, an increase of £5,000. Pressure on firms to meet NQ […]
Macfarlanes is the latest City firm to reveal it is increasing its newly-qualified solicitor salaries. The firm has upped its pay for NQs to a base salary of £115,000, plus individual and firmwide bonuses. Previously Macfarlanes paid out £107,500 to its most junior lawyers, with the latest increase representing a rise of 7 per cent. […]
While Allen & Overy and Linklaters have decided to bring their newly-qualified lawyer salaries level with their magic circle rivals, Slaughter and May has decided to keep its rate the same. Slaughters holds two reviews throughout the year, with any changes being announced in May and November. The firm’s review is understood to have been […]
Allen & Overy has joined Linklaters in hiking its newly-qualified solicitor pay, despite the pair last year deciding not to match rates announced by Freshfields and Clifford Chance. A spokesperson for A&O told The Lawyer, “We have increased our NQ salaries to £125,000 p.a. in line with the market.” Earlier today, Linklaters also upped NQ […]