Salaries and benefits

money

Mid-size pay rises: RPC and Farrers among firms hiking salaries

A host of law firms across the City have handed salary rises to their trainees and associates. Lincoln’s Inn firm Farrer & Co has given all trainees a £1,000 pay increase, with first-years now on £38,000 (up from £37,000) and second-years on £41,000 (up from £40,000). Its newly-qualified (NQ) solicitors, meanwhile, have been handed a £4,000 boost from £60,000 to £64,000. […]

lending money

Taylor Wessing hands NQs biggest pay boost since before recession

Taylor Wessing has increased its salary for newly qualified (NQ) solicitors by 13 per cent. The firm, which formerly paid NQs £63,000 per year, has increased that figure to £71,000. Trainee salaries have not been increased, with first-years still getting at £40,000 and second-years £44,000. It is Taylor Wessing’s biggest pay rise for NQs since 2008, […]

cambridge

Mills & Reeve hands out £2m in bonuses after hitting record revenue high

Mills & Reeve has posted its financial results for 2017/18, with revenue reaching a record high of £106.3m. It is a 14 per cent rise on last year’s £92.3m. Much of the growth was driven by the firm’s June 2017 merger with London real estate and construction boutique firm Maxwell Winward. That tie-up accounted for 41 […]

financial

Quinn matches Cravath with $340,000 salary for top-end associates

Quinn Emanuel Urquhart & Sullivan will pay top-end associates $340,000 a year as the battle between US firms for the best talent rages on, it has emerged. The pay scale announced by Quinn matches Cravath Swaine & Moore’s figures released earlier this week, as US firms continue to up the stakes in associate remuneration. Milbank Tweed […]

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