‘Setting ourselves up for the future’ – McDermott ups London trainee pay to £70k
McDermott Will & Emery has followed Davis Polk’s lead, raising its London trainee pay to match the highest market rates.
Pay
Slaughter and May matches magic circle peers with NQ pay hike to £150k
Slaughter and May has raised pay for newly-qualified (NQ) lawyers to £150,000, bringing the firm to parity with its Magic…
‘At the top of UK associate compensation’ – McDermott hikes London NQ pay to $225k
McDermott Will & Emery has become the latest firm to increase pay for London associates, raising salaries for newly qualified…
The new £150k benchmark for Magic Circle associates – ‘rewarding the best’, or ‘slightly alarming’?
Associate pay reaches eye-watering heights as the war for talent at the top of the market goes further into the…
‘Slightly alarming’ – Clifford Chance, Linklaters, A&O Shearman match Freshfields’ NQ pay hike
Clifford Chance and A&O Shearman joined Linklaters this week in matching Freshfields’ NQ pay hike from £125,000 to £150,000, leaving Slaughter and…
‘Nobody will want to feel like they are the poor cousin’: Freshfields reignites talent war with £150k NQ pay hike
Freshfields Bruckhaus Deringer has broken ranks from its Magic Circle peers on associate salaries, increasing newly-qualified (NQ) pay from £125,000 to…
Stick or twist? City firms battle it out in NQ salary brinkmanship after Allen & Overy freezes rates
The war for junior talent at the top end of London’s legal market entered a new phase of brinkmanship this…
City talent tussle continues as CC matches Freshfields with £125k NQ salary
Clifford Chance’s (CC) next cohort of newly qualified associates will take home £125,000 per year, after the firm bumped its…
Linklaters ushers in lockstep shake-up to attract and promote top talent
The latest strategic move in the war for junior talent, Linklaters has introduced a significant overhaul of its lockstep pay…
HSF shrugs off Covid concerns to reward staff with bonus as new senior partner is unveiled
After posting resilient financial results in the wake of the pandemic, Herbert Smith Freehills (HSF) has recognised the efforts of…
Resetting associate comp – Better to bend than break but a rethink is still overdue
While it’s surprising in some regards that it took this long, Allen & Overy has done the UK legal market…
Ropes ups the ante in the City talent war with £130k NQ pay package
In a bold play for the Boston-bred firm, Ropes & Gray has increased its London NQ salary by 8% to…
Slaughters ups the ante on associate pay with PQE salary boost
City blueblood Slaughter and May has increased its salary for associates with 2.5 years post-qualified experience (PQE) or more, after…
Norton Rose enters associate pay war putting NQs in line for £114k paycheque
Top-performing newly qualified (NQ) solicitors at Norton Rose Fulbright (NRF) will be in line to take home up to £114,000…
Baker McKenzie steps up to associate pay war with 20% NQ salary uplift
Baker McKenzie has become the latest law firm to put its newly-qualified (NQ) solicitors in line for a six-digit pay…
Change was necessary: Ashurst joins the war for talent with 9% NQ pay raise
City stalwart Ashurst has followed suit with peers in the Square Mile to raise the salary for newly-qualified solicitors (NQs), upping…
Associate pay war, anyone? Freshfields sets new Magic Circle standard by raising NQ pay to £100k
Marco Cillario assesses the City-wide implications of Freshfields’ decision to dramatically hike associate salaries A decade after leading the way…
Mind the gap(s) – more of the same old inequality and fudged statistics prevalent in Big Law
The second season of gender pay gap reporting has again laid bare the stark disparities between men and women throughout…
Slaughters lifts associate salaries alongside performance-related bonuses
Slaughter and May has increased its salary rates for newly qualified (NQ) associates by £3,000, with junior associates also seeing an…
Ashurst seeks competitive edge with second new lawyer salary increase of 2018
Ashurst has become the latest City firm to review its trainee and newly qualified (NQ) salaries for the second time this…