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Slaughter and May boosts London trainee pay for the second time this year

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42

Uplifts of between 2% and 4%

Slaughter and May’s London office

Elite magic circle player Slaughter and May has nudged rookie remuneration northwards for the second time this year.

The Bunhill Row bunch confirmed this morning that first-year trainees will now receive a salary of £45,000, up 2% from £44,000, while those a year ahead will earn £51,000, a rise of £2,000 or 4%. The fresh uplifts take effect from 1 October.

The last time Slaughters upped trainee pay was on 1 January 2018. On that occasion, first-year trainees moved from £43,000 to £44,000, while second-years were bumped from £48,000 to £49,000. Legal Cheek‘s Firm’s Most List shows that the firm’s newly-qualified (NQ) lawyers earn a salary of £80,000.

Magic circle trainee salary standings:

Firm Trainee pay (Year 1) Trainee pay (Year 2)
Clifford Chance £46,600 £52,500
Slaughter and May £45,000 £51,000
Freshfields £45,000 £51,000
Allen & Overy £45,000 £50,000
Linklaters £43,000 £49,000

Today’s modest increases follow similar moves by three of its magic circle rivals.

Earlier this month, Freshfields upped trainee salaries to £45,000 and £51,000 respectively. Not to be outdone, Clifford Chance bumped its trainee pay bands — £46,600 in year one, rising to £52,500 in year two. Meanwhile, trainee pay over at Allen & Overy now sits at £45,000 and £50,000. Linklaters is the only remaining member of the magic circle yet to announce a pay rise.

The 2018 Firms Most List

Pay rises aside, Slaughters dishes out around 80 training contracts annually and offers future recruits a recently-improved Legal Practice Course (LPC) maintenance grant of £10,000. In our Trainee and Junior Lawyer Survey, the four-office-outfit scored As for training, quality of work, peer support, perks and office. The results from the new 2018–19 survey will be revealed next month.

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42 Comments

Anonymous

£££?

(4)(0)

Anonymous

Shut the f*ck and keep billing, gimp.

(21)(0)

Slaughtered and Maimed

Pay is not everything!

Think before selling your soul!!!

(3)(1)

Anonymous

Meaningless gesture. People are not leaving mid training contract, they are leaving once qualified.

(15)(2)

Anonymous

Surely that’s what makes it meaningful?

(5)(9)

Anonymous

Quibbling over semantics – typical Slaughters employee. You can think of it as a meaningful but inconsequential and pointless gesture, if you prefer.

(15)(4)

Anonymous

Isn’t the bulk of commercial contract negotiation quibbling over semantics?

(4)(2)

Anonymous

No.

Mr Thompson

What do they pay at PwC Legal nowadays?

(0)(0)

Legal Rec

Low £60ks at NQ and topping out at around the £100k mark for Non-Directors. Slight increase for Directors although when you make Equity the salary increase is like a mini-Slaughters increase where your salary will pretty much double.

(2)(0)

my salary QUINTUPLED with this ONE SIMPLE TRICK

except the Slaughters increase isn’t just a doubling ;)))))))))

Oh btw
don’t go to PwC kids, it’s bad

(4)(1)

Anonymous

What does PwC Legal even do? Surely they can’t have any major or meaningful FTSE mandates. Imagine working as an associate in a totally support driven branch of a large business like PwC, must be grim

(3)(1)

Anonymous

Nq pay rise?

(0)(1)

Slaughters Partner

You really expect a pay rise when we partners are having to make do with a paltry £2m or so a year? Come on, show some solidarity. We’re all in this together.

(34)(0)

Anonymous

“We partners” lmao you are definitely not a partner at Slaughter

(2)(27)

Anonymous

No shit…

(46)(0)

Slaughters Partner

Yes, well spotted: it was a joke. Have a Blue Peter badge.

Are you implying that it should’ve been “us partners”? Because that would be grammatically wrong in this sentence – it would only work in this type of sentence “how dare you point the finger at us partners!”

Oh, how embarrassing. Bet you felt really clever for a moment there.

(50)(1)

Anonymous

Lmao someone’s triggered

Anonymous

lol grammar Nazi epic fail

(7)(0)

Scooby Snack

He would have gotten away with it too if it wasn’t for you pesky kids!

(2)(0)

Anonymous

Come on Links, don’t let us hanging!

(0)(2)

WHY WON'T TESCOS ACCEPT PRESTIGE INSTEAD OF CLUBCARD POINTS

?!?

(72)(0)

Anonymous

Prestige is what you pay to get Tesco as a client.

(2)(6)

Supreme Overlord of Tesco Due Diligence

But *I* get to do work for *Tesco*, so *THERE*

(11)(0)

Anonymous

Freshfields?

(1)(0)

Anonymous

If you’re prestigious, at a minimum you should be shopping at Waitrose

(5)(1)

Anonymous

Who gives a flying fuck you pinhead

(0)(4)

Baker Botts NQ

Waitrose at a very minimum if you have some respeck on your name.

(5)(0)

Anonymous

Ah!

How are things at Baked Bottoms these days?

Clyde & Co slave

Where’s my raise? I’m regularly visiting a foodbank these days…

(5)(0)

Legal Aid crime bod

I’m living in a bin and feasting on scraps, but my day job is interesting and fulfilling.

(13)(0)

Random passer-by

Lol, top bantz.

(1)(0)

Elton

🎼It seems to me, you lived your life like a scandal in the bin…🎶

(2)(0)

Anonymous

What’s the NQ pay at Simmons & Simmons? Still just £71k NQ?

(2)(0)

Anonymous

£80k from September.

(1)(0)

Anonymous

Evidence? Or just horsecock?

(0)(1)

Top Lawyer at Top Firm

Chicken feed.

(0)(0)

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(0)(11)

Anonymous

Boooo.

We like the anonymity and arbitrary nonsense.

(11)(0)

Omid

It’s not racism, it’s “playing with race”.

(0)(1)

Anonymous

How’s BCLP’s retention looking?

(0)(0)

Anonymous

Bad.

(0)(0)

Comments are closed.

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