A further reminder comes this week that despite much talk of the pressure on the legal market (see Comment: Things I would have said about the future of law if I hadn’t forgotten my notes), leading City players continue to be highly profitable with Linklaters announcing on Tuesday (7 May) that it is raising its salary bands for associates.
The move sees Linklaters increase newly-qualified pay from £61,500 to £64,000. Year one post-qualification experience (PQE) associates see a more modest £500 rise to £69,500. Years two and three PQE respectively earn £78,250 and £89,000, a rise of £2,250 and £1,000. Trainees see a £500 rise, increasing in seat one to £39,500.
