All three outfits now in £75k-£80k range
A trio of top City outfits have upped the salaries of their trainee and newly qualified (NQ) lawyers.
Global law firm Norton Rose Fulbright (NRF) has bumped London NQ pay from £75,000 to £77,000, equating to a modest rise of £2,000 (2%). Trainee remuneration is also up: £45,000 in year one, increasing to £49,000 in year two — uplifts of 2% across the board.
Legal Cheek‘s Most List shows that the pay move puts NRF’s junior lawyers £2,000 ahead of their equals at Dentons, Mayer Brown and Reed Smith (£75,000), and on the same levels of cash as their peers at DLA Piper and Baker McKenzie.
Pay is also up at Travers Smith. NQ salaries now sit at £78,500, a rise of £3,500 or 5%, while trainee pay has been bumped by 3% — £45,000 in year one, rising to £50,500 in year two. The two-office outfit’s NQs are now on a pay par with those over at magic circle player Linklaters, while Travers’ second-year rookies now receive the same as their opposite numbers at Canary Wharf-based giant Clifford Chance.
Ashurst has splashed the cash too. The firm, which takes on around 45 trainees annually, has bumped junior lawyer wedge to £76,000 — a rise of £4,000.
Our Most List shows that Ashurst’s 6% uplift puts its NQs a full £3,000 ahead of Stephenson Harwood‘s new associates and just £1,000 behind NRF’s freshly-minted lawyers. Ashurst also confirmed trainee pay is up. Year one trainees now receive £44,000, up from £42,000 (5%), while those a year head will earn a salary of £48,000 — an extra £2,000 or 4%.