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Pinsents pay: NQs up to £68,000 while trainees handed £2,000 increases

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A good summer for City law pay

Pinsent Masons has become the latest City law firm to up pay for both its newly qualified (NQ) talent and its trainees, Legal Cheek can reveal.

The international outfit has confirmed that its London associates will begin lawyer life on £68,000, up 5% from £65,000. This pay hike, effective from next month, sees Pinsent Masons leapfrog Osborne Clarke (£65,000), Dentons (£65,000), Stephenson Harwood (£66,000) and CMS (£67,500) on the NQ pay scale.

Deborah McCormack, head of recruitment and graduate development at the firm, said:

We continue to offer our NQs a well-rounded experience combined with a healthy financial package. Our trainees and NQs receive exposure to our impressive client base whilst working in a collaborative and progressive environment.

It’s happy days for the firm’s London trainees too, who will soon earn an extra £2,000 per year. First years at the 22-office commercial powerhouse are up to £40,000, while second years will be raking in £43,000. You can see what all the top firms pay their trainees, and their NQs, on the Legal Cheek Most List.

Moving away from the capital, Pinsent Masons has increased its English regional NQ pay by £2,000 to £42,000. The firm — which offers approximately 72 training contracts a year — will be upping pay in Scotland from £38,000 to £39,000, and in Belfast from £27,000 to £28,000. Second year regional trainees have also been handed a healthy boost from £28,500 to £29,750.

Cash aside, what’s it like to work at Pinsent Masons? The firm, known for its less London-centric approach to legal practice, fared well in the Legal Cheek Trainee and Junior Lawyer Survey. It scored As for training, quality of work, peer support, partner approachability and social life.

Pinsent Masons is one of many firms to up trainee and NQ salaries in what’s shaping up to be yet another summer of City law pay hikes.

To give you a run down: DLA Piper dosh is up 7% to £75,000 for NQs, while Stephenson Harwood has increased lawyer lolly to £66,000 and trainee money by 4% a year. Salaries at Simmons & Simmons are up too, this time to £71,000 in London, with Holman Fenwick Willan and Ince & Co also nudging their NQ money to £62,000 and £63,500 respectively.

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44 Comments

Anonymous

What about fieldfisher?

(0)(0)

Anonymous

What about mighty titans Irwin Mitchell? Didn’t hear of a raise in years…

(1)(3)

Anonymous

CMS NQ rates didn’t go up. I think those at 1-2 PQE got pay rises of £1000 to £2000.

Meanwhile, I think Olswang and Nabarro got some juicy pay jumps.

No room (for pay rises) at the inn.

(4)(1)

US Trainee

ROFL, by juicy pay jumps you mean £62k up to £67.5k yeah? 😂😂😂

(9)(6)

Anonymous

The US NQs are dining out somewhere nice tucking into lobster and caviar.

Olswang / Nabarro NQs are contently enjoying a meal out at Côte. A mild step up from Pizza Express or Strada that they are accustomed to.

CMS are used to eating out at Côte but they now have no room as Olswang / Nabarro are sharing the same table. They are disappointed to still be forced to order the second cheapest bottle of wine.

Meanwhile CMS partners keep telling themselves they are Goodmans or Hawksmoor.

(12)(3)

Anonymous

Quit smoking that dope already.

(2)(3)

Anonymous

?

I haven’t smoked dope for at least 2 months lol?!?!?!

(3)(3)

Anonymous

You forgot to mention that the US NQs are dining al desko.

(9)(0)

Anonymous

Yes Nabarro and Olswang got pay rises of about 5k each. Surprising there weren’t global raises given the strength of the combined firm and the need to send a positive message to the market.

(5)(0)

Anonymous

lol what positive image is that? Open plan battery farm offices and incoming redundancies?

(12)(1)

Anonymous

That.

Unfortunately, given the way things seem to be developing along with the current consolidation going on, the mid market segment of the profession will look exactly like this, similar to the big4 model. Battery farm boiler rooms here we come.

(4)(1)

Anonymous

Lol wtf you talking about moron

(0)(4)

Anonymous

Educate yourself, you cretin.

(3)(0)

Anonymous

Lol ok gimp

(0)(1)

Anonymous

Why do you think this

(0)(0)

Anonymous

The combined firm simply isn’t that strong. They couldn’t also give the CMS fee earners a decent raise because they aren’t making the money to justify it. It isn’t as if the partners are raking it in and taking all the profits either – there are so bloody many of them nobody is getting a big slice of pie. Well, maybe a few of them but those few of them could be making a good wedge more themselves elsewhere.

(3)(0)

Big boi dolla dolla billz playa US NQ Partner law man

Measly.

(11)(1)

Anonymous

Is “raking” the appropriate verb for £43,000?

(13)(0)

Tim NicebutDim

Suggestions..? Grasping.. groping..

(6)(0)

Alex

Trousering. Bagging.

(2)(0)

Anonymous

Crying?

(3)(0)

Anonymous

68k vs. 140k

The gulf between US and U.K. firms is nuts.

(8)(1)

Anonymous

Most US firms in London are not paying 140k

(1)(0)

Anonymous

This.

There’s literally just two US firms which do pay around £140k. LC gimps keep letting their fantasies run wild…

(4)(1)

Anonymous

When will international heavyweight Addleshaw Goddard be raising salaries?

(4)(1)

Anonymous

MB NQ now 75.

(5)(1)

Anonymous

Quite late to qualify. How long was your TC?!

(12)(0)

Departing 1PQE

When even a shop like Pinsents pay more than your firm, you know it’s time to pack up and get the fuck outta Dodge…

(5)(2)

Anonymous

DWF, still £36-38k in regions.

(1)(0)

Anonymous

LC report London figures, not a fair comparison. Firms like CMS offer similar to that in the regions for NQs. As a rule of thumb take a trainee London salary and you may expect something like that as an NQ in the regions.

(2)(1)

Anonymous

CMS pay their Bristol NQs £49k. I’m no mathematician but I do not believe that is similar to £36-38k.

(0)(0)

Anonymous

Why idea on what US firms McGuireWoods or Dorsey & Whitney pay?

I’ve got TC offers with them and can’t decide.

(0)(0)

Internet Explainer... tick

LMGTFY…

(0)(1)

Anonymous

This post has been removed because it breached Legal Cheek’s comments policy.

(0)(0)

Anonymous

50% correct.

(0)(0)

Anonymous

This means that Pinsents currently offer regional NQs the best salary in the North. They’ve beaten CMS and the Shed.

(2)(0)

Anonymous

A grand more than DLA Piper too. A whole eight grand more than Irwin Mitchell.

(0)(0)

Anonymous

Pinsents have done well the last few years (cf its immediate comparators like AG or consolidators like Shed, CMS). surprising that they haven’t matched DLA, or Simmons at least.

(1)(2)

Anonymous

AG are pulling associates in telling us to expect quite a big bump in September…when they only pay 72 for a 2PQE it will need to be…

(2)(0)

Anonymous

LOL, dream on

(0)(0)

Anonymous

I think you mean 72 for a 3PQE, miles behind firms they say they “compete” with.

(1)(0)

Carrot cruncher

Any news on southwest firm pay rises?

(0)(0)

Anonymous

It’s HFW now, not Holman Fenwick Willan. Rebrand.

(0)(0)

Anonymous

It’s House Full of Wankas

(2)(0)

Comments are closed.