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Hogan Lovells, Stephenson Harwood and Pinsent Masons up trainee and junior lawyer pay

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116

All three firms now in £70k-£80k range

A trio of international law firms have increased the salaries of their trainee and newly-qualified (NQ) lawyers.

Hogan Lovells has bumped its London-based NQ salaries to £78,000, up 4% from £75,000. The firm — which offers up to 60 training contracts each year — has also thrown extra cash at its trainees. Year one rookie pay is up 2% to £45,000, while those a year ahead now earn £50,000, a rise of £1,000 or 2%.

Legal Cheek’s Most List shows that Hogan Lovells’ NQs are now £3,000 better off than their peers at firms including Baker McKenzie, DLA Piper and Norton Rose Fulbright, and just £500 behind their opposite numbers at magic circle outfit Linklaters (£78,500).

Meanwhile, Stephenson Harwood NQ salaries now sit at £73,000, a rise of 11% from £66,000. This uplift puts the firm’s junior lawyers £2,000 ahead of their counterparts at K&L Gates, Simmons & Simmons and Taylor Wessing (£71,000).

The 2018 Firms Most List

Stephenson Harwood has also upped trainee pay, albeit slightly more modestly. Those in year one of their training contracts now receive a salary of £41,000, up from £40,000 (a rise of 3%), while those a year head now earn £45,000, an extra £1,000 or 2%. The outfit confirmed NQ rises were effective from July, while trainee increases kick in next month.

Finally, Pinsent Masons. The firm has confirmed to Legal Cheek that London NQ pay now sits at £70,000, a rise of £2,000 or 3%. Salaries for its junior lawyers in the regions and Scotland are also up 3% to £43,000 and £40,000 respectively. Today’s money move puts Pinsents’ London lot on a pay par with their equivalents at Dentons, Bryan Cave Leighton Paisner and Watson Farley & Williams.

There are also new salary bands for the Pinsents’ rookies. London-based trainees now earn £41,000 in year one and £44,000 in year two, uplifts of 2% across the board, while trainees in the regions now earn £27,000, rising to £30,000 in their second year. Their colleagues in Scotland start on £23,000, rising to £26,000 as they move into year two of their TCs.

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116 Comments

Anonymous

Mayer Brown is now 79

(9)(3)

Anonymous

Brothers! Sisters!

This greed must stop!

Redistribute this surplus wage! A windfall tax for the NHS, teachers and schools!

No one should earn more than they need! These twentysomethings are overpaid!

VOTE CORBYN

FOR THE MANY, NOT THE FEW!!!!

(8)(46)

Anonymous

You are so boring

(20)(3)

Anonymous

The only thing that must stop is your writing this BS! Go to the sun you slag.

(2)(2)

Anonymous

Agreed brother

Legal Cheek needs to embrace communism

(1)(1)

Disgruntled coffee shop customer

Quit your nonsense and serve me my flat white already

(3)(0)

Anonymous

78 – unless there’s a 1k lying around somewhere that I’ve yet to discover

(4)(0)

Lol

Mayer brown is a crap firm so no one cares not even a relevant us firm

(1)(5)

MoneyLaw NQ

LOL ……. 50% less than MoneyLaw ….. how do NQs even get out of bed at these firms? Confuses me.

(7)(24)

Anonymous

Because they earn way above even the average City of London salary whilst still very young, whilst actually having the time to enjoy being young too?

(44)(1)

Anonymous

Their junk don’t smell.

(13)(0)

Irwin Mitchell NQ

Trust me, it does. I get paid so little I can’t afford to rent so I live in the bins next to the office. I haven’t seen a bar of soap in years, only soggy digestives.

(13)(3)

Anonymous

You need to stop smelling your junk and make something of yourself.

(1)(0)

Anonymous

Do you even lift?

(7)(1)

Legal Recruiter

I promise you this guy is NOT a MoneyLaw NQ. These firms hire about 5 NQs a year tops and there is no way in hell they are commenting on articles at 09:54 on a weekday.

(28)(2)

Anonymous

I’ve heard that browsing Legal Cheek is actually an automatic disqualifier for a TC with a US firm. They check your browser history whilst you’re off in the toilets doing your urine test; after that is when they take you out back with the cattle prod and put that big “L&W” brand on your thigh.

But yeah, $140k/yr is totally worth it.

(23)(0)

Anonymous

Because maybe… just maybe… they do the work for more than just the money

(0)(7)

JD Partner

My NQ gets out of my bed most mornings.

(34)(0)

Anonymous

Can LC please make a comprehensive list of ALL FIRMS NQ salaries!

(5)(0)

Anonymous

It’s on Roll on Friday

(1)(5)

Anonymous

Which, depressingly, is even more out-of-date than LC’s

(31)(0)

Anonymous

Doesn’t include firms such as Dorsey, Baker Botts, Locke Lord or Cahill Gordon.

(9)(1)

Anonymous

Who tf are Cahill Gordon?

(3)(0)

Anonymous

Cahill Gordon & Reindel LLP, one of the most elite firms in the world.

(5)(4)

Anonymous

BS, everyone knows the most prestigious firm in the world is Schulte Roth & Zabel LLP.

(6)(1)

Anonymous

You mean Zane Specter Litt.

Anonymous

Stfu u suits feggit

Anonymous

What’s the latest on rates over at Bracewell?

Anonymous

No, ROF’s list is not comprehensive (loads of US firms not mentioned) and outdated.

(2)(0)

Anonymous

Linklaters is more than £78,500 these days, stick another 2.5k on that.

(2)(1)

US NQ

Hefty.

(26)(1)

Silver Circle

ROFL Stephenson Harwood now pays more than Ashurst

(20)(1)

Anonymous

COME ON ASHURSTTTTT

(3)(0)

Anonymous

Shet firm

(36)(2)

Anonymous

Ashurst is now £78k NQ.

(2)(0)

US 1PQE

Hefteh.

(8)(2)

Anonymous

Come on Travers, up your pay!

(4)(11)

Legal Recruiter

Has LC considered reporting on trainee and NQ rates at firms outside the City and West End; perhaps south of the river or , god forbid, in the regions?

Too many people are drawn to law by the promise of money, but in fact whether these salaries are competitive with US “MoneyLaw” firms is utterly irrelevant to at least half of the profession – if you are on 78k then you are on double the NQ rate of your contemporaries in South London.

These are figures that students need to know before spending so much money on the LPC. Realise that it would take a bit longer to research, but it would be illuminating and perhaps give potential trainees who are not going to bag a TC at a City firm a more realistic idea of their earning potential.

(29)(6)

Anonymous

“Finally, Pinsent Masons … Salaries for its junior lawyers in the regions and Scotland are also up 3% to £43,000 and £40,000 respectively.”

Learn to read.

(17)(1)

Anonymous

You don’t go into recruitment because you have great attention to detail.

(12)(0)

Anonymous

You don’t go into recruitment.

Fixed that for you! (hehehehe)

(4)(0)

Legal Recruiter

I stand corrected. That comprehensively covers the training contracts on offer in Windsor for 18.5k, the ones in South London for 17.5k and the standard NQ rates in the Home Counties of 35-38k. After all, Pinsent Masons are thoroughly representative.

(9)(12)

Anonymous

Haha, what a ridiculous comment.

These firms you’re on about that are solely based in Windsor, SE London or in the Home Counties are not big enough to have their rates of remuneration reported back to the wider populace. There are just shy of 8,000 law firms in the UK (excl. sole practitioners), how and why would Legal Cheek report back on the small (borderline irrelevant) law firms’ raising their NQ or trainee salary?

More-so, as you say – you’re a recruiter… Why don’t you go and use the tools available to you to find out what these salaries are instead of relying on a website for law students to do the work for you? London, being the most densely populated places in the world this side of the Middle East, is obviously going to attract more attention and is obviously going to be home to larger (and more relevant) law firms, who will openly report on their salaries given the competitive market.

Also, if you knew your stuff you’d know that Pinsent Masons is probably THE most representative UK law firm in terms of seeing how law firms pay across parts of the UK. The firm has offices in London, Aberdeen, Belfast, Birmingham, Edinburgh, Glasgow, Leeds, Manchester and even the fucking Falklands (cheers for hanging onto those rocks in the middle of the sea, Maggie).

So, please – continue to try to tell me why this website should make your life easier by reporting on the ongoing face off between the NQ salaries at Goldstein Legal and Parfitt Creswell in Windsor town-centre (or you can just jog on mate).

(24)(2)

Anonymous

Rekt 🔥🔥🔥

(19)(0)

Legal Recruiter

Good guesses, but you’re off by a couple of streets.

I know what they pay, but if you think Pinsent Masons is representative then you should do a little more homework. My point was that there are many firms outside of the LC bubble of reporting, and it might be useful to a first or second year to understand their earning potential if they don’t get taken on by one of these. Think LC wants to try to inform them doesn’t it? And I don’t mean within this article.

How can they find out? Do a survey maybe? Unless you prefer the stuff they nick from ROF, it might be good to see more original content.

(4)(15)

Anonymous

5/10 for effort, 1/10 for follow-through. You should gracefully beat the retreat and come back next week.

(10)(0)

Interested observer

Lawyers really don’t cover themselves in glory on this site do they?

(5)(2)

Anonymous

That’s the catch – there aren’t actually any lawyers on this website, it’s just you and hundreds of bots.

Anonymous

How so? Lawyer used his superior reasoning and debating abilities to shit on a dumpy recruiter. High fives all around boys.

Anonymous

Who cares though? Should Sky Sports start reporting more on Accrington Stanley as well?

(7)(0)

Anonymous

Accrington Stanley, who are they?

(9)(0)

Anonymous

Exakkleh

(7)(0)

Anonymous

Do US firms actually drug test associates?

Asking for a friend.

(8)(1)

Anonymous

Unless you operate heavy machinery, in the UK your workplace isn’t allowed to police you during your free time like it can in the US. This may change though, nothing in law on having having a drug testing policy in the UK but it hasn’t quite caught on like it did in the US.

(0)(0)

Anonymous

You use rohypnol on yourself…?

(3)(5)

Anonymous

In before censor haha

(23)(0)

Anonymous

Meanwhile Addleshaws still continue to pay us “competitive market rate salaries”.

Greedy bastard partners

(24)(1)

Anonymous

Could be worse, you could end up at Clyde & Co

(5)(3)

Anonymous

Could be even worse mate, you could be stuck at Ince & Co. Rumours have it they are only a few months from imploding. Recruiters are busy plugging Ince associates left right and centre

(18)(0)

Anonymous

Clydes now pay £40k at trainee level

(3)(0)

Anonymous

Welcome to the Second World, my friends.

(32)(1)

Anonymous

£40k as a 23 year old with milk dripping down your chin is hardly bad you mongoloid.

(6)(19)

Anonymous

40k is f*ck all. Barely covers the women and the drugs.

(7)(2)

Anonymous

Unfunny. Go f*ck yourself, will ya?

(1)(8)

Anonymous

Dry your eyes mate, I know it’s hard to take but your firm pays fuck all. There’s plenty more firms in the City.

(14)(0)

Censorgate

Dry your eyes mate, I know it’s hard to take but your firm pays f*ck all. There’s plenty more firms in the City.

Anonymous

Who are you? You sound like a bitter old guy

(1)(0)

Anonymous

Hogan Lovells are playing it right. 45k and 50k are very competitive trainee salaries. These coupled with the firm’s impressive offering including good training, high quality work and international opportunities means that the firm can attract top talent at graduate level. At NQ level a lot of people will prefer the security, work life balance and ease of staying at HL, meaning they can be fed a below par 78k.

(8)(5)

Anonymous

True barring the fact that in certain teams the *weekly* work life balance is definitely no bettter than any of the so-called money law firms.

(4)(1)

Anonymous

Morgan Lewis upped NQ pay to £105k

(1)(0)

Anonymous

Ropes & Grey upped to £140k.

(3)(1)

Anonymous

Source?

(0)(0)

Anonymous

“Grey”

lol

(7)(0)

Anonymous

115 on their website

(1)(0)

Anonymous

Don’t think so when their own website hasn’t published that.

(0)(0)

Anonymous

Will Dechert follow?

(2)(59)

Anonymous

Dechart to £100,000 would be great. Great UK firm.

(19)(0)

Anonymous

Dickfart

(46)(0)

Anonymous

Dechert is 110k now. Jog on.

(0)(11)

Anonymous

ROFL quit lying you cockcheese

(2)(0)

Anonymous

it’s 105 actually.

(0)(3)

Anonymous

Source?

(0)(0)

Anonymous

Lying again, dickweed

(0)(0)

Anonymous

Source? What do you think?

(0)(0)

Duncan

CMS NQ salary allegedly going to skyrocket to £110k. You heard it here first.

(4)(2)

Bobby

That’s nothing. Trowers & Hamlins are set to up salaries to £120k, to directly compete with US heavyweights.

(4)(1)

Anonymous

Why all the Dechert jokes? Genuinely interested

(0)(27)

Anonymous

Dechart

(16)(0)

Big swinging Dechert

Because they are a solid goldern turd firm who hire shit trainees and second rate associates who are MC and SC rejects who just want to feel special in a quasi Us-Uk shop

(23)(2)

SC (not retained)

Brutal.

(1)(0)

Anonymous

It’s a perfectly decent firm mate, you wish you worked there.

BUT you’re right that it can be tough sometimes

(1)(9)

Anonymous

LMAO

(1)(0)

Anonymous

Jones Day up to £105k for NQs

(2)(0)

Anonymous

Yawn, that’s old news

(0)(0)

Anonymous

Anybody have an idea what’s the current NQ pay at K&L Gates? I find it difficult to believe that its only £71k for a top US firm with such high target hours

(1)(1)

Anonymous

Quasi-ponzi scheme

(8)(0)

K&L Gates future joiner

Why?

(0)(0)

Anonymous

The 2088 target hours at K&L is crazy relative its trainee/NQ salary. L&W have 1900 target hours and pay £143,000 at NQ.

(11)(0)

Anonymous

K&L Gates have raised NQ rates to £115k about a month ago.

(2)(2)

Anonymous

I take that back then.

(1)(0)

Anonymous

Source?

(1)(0)

Anonymous

Your arse

(0)(3)

Money

Bill Gates keeps pressuring daddy to make the firm give away the pay hikes to charity.

(1)(0)

Honest

DWF has accordingly upped pay to £5 per week.

(8)(0)

Anonymous

Wow

(0)(0)

DVLA

Any news on Vinson & Elkins? Upped NQ pay yet or no?

(4)(0)

Blimey

Have They matched Kirkland yet?

(0)(0)

Anonymous

Norton Rose are 77k now, with 45 and 49 for trainees

(14)(1)

Skadden NQ

ROFL

(0)(6)

Kirkland 3PQE

LMAO

(0)(0)

Anonymous

LMFAO

(0)(0)

Anonymous

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

(1)(0)

Roy Cropper

NRF now £77k

(3)(0)

Anonymous

Would it have hurt Hogan Lovells to pay 80k over 78? Also I think the firm needs to up its PQE1/2/3/4 salaries more because earning 85 at PQE2 isn’t going to keep worldclass talent at the firm.

(3)(0)

Anonymous

Just £85k at 2PQE? Blimey

(0)(0)

Anonymous

Yeah it’s absurdly low for a firm that competes with the MC for dispute resolution and advisory work.

(3)(0)

Comments are closed.

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