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Squire Patton Boggs boosts London junior lawyer salaries by 10%

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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.

Until recently, those qualifying into the firm’s London office started on a not too shabby £62,000, the salary paid to NQs at Bird & Bird, Addleshaw Goddard, HFW and Trowers & Hamlins too.

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.

Money aside, Squire Patton Boggs has now joined the likes of Freshfields, Dentons, Taylor Wessing, Mishcon de Reya and Browne Jacobson in revealing a retention result in the 60s.

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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9 Comments

Anonymous

ROFL!

(2)(0)

The Conductor

All aboard the US dolla train! SPB baby yeah!

(1)(0)

US MoneyLaw NQ

You’re missing about £50k off that number, my improverished friend.

(14)(0)

Anonymous

Kerching!!

(0)(0)

Asmodeus

So not quite 10%…

(2)(0)

Anonymous

Still nowhere near enough, £68k barely gets you a pokey rental somewhere near Highbury these days.

SPB better up its pay and benefits big time or more folks are gonna head out the door.

That’s why the retention rates went down the shitter this year, people just can’t take it no more.

(7)(0)

Anonymous

The firm’s management is terrible, not to speak of the nepotism that goes on there…

(1)(0)

Anonymous

Not to mention the bizarre policy of giving all the major decision roles to crusty Northerners up in Manchester and Leeds.

Provincial choppers bolted onto a decent US firm.

(6)(0)

Ex-SPB NQ

Reminds me of the time when the morbidly obese head of the London office gave some of us NQs at the office a talk about “this is a seriously good law firm…You’re all lucky to be working at a firm as seriously good as this”.

We all lol’d.

(3)(0)

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