Slaughter and May today (30 April) became the first major City law firm to announce a review of its associate pay bands – triggering minor rises in the underlying rates its lawyers earn from trainee level to three years post-qualification.
Newly-qualified see salaries rise from £61,500 to £63,000; one year PQE pay rises £500 to £69,500; two year PQE from £76,500 to £78,000; three year PQE earn an extra £1,500 at £87,500. Trainee salaries are up by £1,000, increasing to £39,000 in year one and £44,000 in year two. The rises kick in from 1 May.
