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“Where is the money coming from?” Clients react to NQ salary hikes

Salary increases across the City for newly-qualified lawyers has brought into sharp focus how much in-house lawyers are willing to pay for external counsel. Last week, US firm Goodwin upped its salary for NQs to £175,000 from £161,500. In May, Freshfields, Linklaters, Clifford Chance and A&O Shearman all boosted its pay for NQs by £25,000 […]

NQ salaries: Slaughters stands firm at £125,000

Following the raft of newly-qualified salary rises in recent weeks, Slaughter and May is holding its pay for NQs at £125,000 – at least until November this year. Slaughters reviews its salary scales bi-annually in April and November and in its most recent review decided to keep pay for its most junior lawyers as is. […]

cash and party

A&O Shearman NQs finally join £150,000 pay party

A&O Shearman has increased its newly-qualified (NQ) solicitor pay to £150,000, having said it would keep to its £125,000 rate on merging last month The firm matches its rivals, which have all increased their NQ salaries by £25,000 in the last month to £150,000. Freshfields Bruckhaus Deringer was first, followed swiftly by Linklaters and then […]

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Pinsents raises pay for City and regional NQs

Pinsent Masons is the latest firm preparing to increase its newly-qualified (NQ) solicitor salary from September, with a 5 per cent rise in London. The move means that NQs in the London office will receive a salary of £97,000 upon qualification, up 5.4 per cent from the current £92,000 rate. Regional rates will also go […]

Linklaters

Linklaters matches Freshfields with NQ pay hike

Linklaters has increased its newly-qualified lawyer salary by £25,000, a fortnight after Freshfields Bruckhaus Deringer did the same. The firm has increased its NQ pay from £125,000 to £150,000. Alongside this, trainee salaries have risen by £6,000 across both years to £56,000 and £61,000. Solicitor apprentice pay is now £28,000, growing from £25,000. The firm […]