Just a day after Allen & Overy (A&O) revealed it was standing firm with its £107,500 newly-qualified (NQ) salary, Herbert Smith Freehills (HSF) has announced an eye-catching 14% uptick in NQ pay from £105,000 to £120,000.
The remuneration jump became effective today (Friday 1 July), with scope for further payouts as it does not include bonuses. While this spike in NQ pay has attracted immediate attention, the firm has also vowed to make ‘significant investment’ throughout its associate salary bands.
