Exclusive: As it records disappointing autumn retention result
International firm Squire Patton Boggs has increased its London and regional newly qualified (NQ) salaries by 10% and 5% respectively.
Now, Legal Cheek can reveal the firm has boosted this figure by 10%. Leapfrogging the likes of Clyde & Co (£63,000), Eversheds Sutherland (£64,000) and CMS (£67,500), Squire Patton Boggs now pays its NQs £68,000.
The 46-office firm hasn’t neglected its regional NQs either. Those qualifying in Birmingham, Leeds and Manchester will earn £42,000, a 5% rise from the global outfit’s previous offering of £40,000.
The outfit, which offers around 25 training contracts a year, has confirmed a rate of 65%. However, it remained tightlipped over the size of its September cohort and the number of offers made.
This retention news comes just one day after Legal Cheek reported City firms HFW and Charles Russell Speechlys had too posted their rates. For recently rebranded HFW, it was a score of 80%, while Charles Russell revealed 71%.
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