A little more light has emerged on the going rate for junior lawyers at the Magic Circle, with Allen & Overy (A&O) and Clifford Chance (CC) this week confirming more details on their new pay scales.
Despite much talk of client pressure on fees the determination to recruit top associates continues to build with one leading New York firm this week jolting the industry by announcing a record pay scale for its US and City associates.
Kirkland & Ellis has become the latest firm to dramatically increase pay for its newly-qualified (NQ) solicitors.
Dechert, Dentons and Addleshaw Goddard have joined the slew of firms raising the stakes for newly qualified (NQ solicitors).
Trainees and newly-qualified (NQ) solicitors at several City law firms continue to enjoy salary increases as the legal industry’s major players vie to attract and retain their top talent.
International law firm Mayer Brown has joined a host of firms to hike newly qualified (NQ) and trainee salaries.
Newly-qualified (NQ) solicitors at Ashurst are quids in thanks to an 8% salary increase.
Bonuses and salary increases are on the cards for trainees, newly-qualified (NQ) and junior lawyers at Magic Circle giant Slaughter and May.
International firm Squire Patton Boggs has increased its newly-qualified (NQ) salary.
Freshfields Bruckhaus Deringer has become the first Magic Circle firm to pay its newly-qualified (NQ) solicitors £100,000 a year. The pay rise will take effect from 1 May.
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