Farrer & Co trainees will now earn £38,000 in their first year whilst colleagues in the year above will earn £41,000. This equates to an uptick of 3% on previous salary levels. NQs at the independent firm have also been rewarded with a pay boost of 7%, taking their remuneration to £64,000 a year.
At Forsters, trainee pay has been boosted by 5% to £40,000 in the first year and £42,000 in the second year. The firm has also upped its NQ salary by 2% to a not-to-be-sniffed-at £62,000. Good news all round.