News

Squire Patton Boggs raises London NQ pay to £73,000

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64

Rises in the regions too

International player Squire Patton Boggs has upped its London and regional newly qualified (NQ) solicitor salaries by 7% and 5% respectively.

Until recently, those qualifying into the firm’s London office, which teeters between the City and Shoreditch in upmarket Devonshire Square, started on a not too shabby salary of £68,000.

Now, the firm has boosted this figure by 7% to reach a cool £73,000. Legal Cheek’s Firms Most List shows Squire’s lot have leapfrogged the likes of CMS (£70,000), K&L Gates (£71,000) and Eversheds Sutherland (£72,000), and earn the same levels of cash as their peers over at Stephenson Harwood (£73,000).

The 47-office-outfit hasn’t neglected its regional NQs either. Those qualifying in Birmingham, Leeds and Manchester will earn £44,000, a 5% rise on the global firm’s previous offering of £42,000.

Squire Patton Boggs confirmed trainee pay remains unchanged. The firm’s London trainees earn £37,000 in year one, rising to £42,000 in year two, while rookies in the regions receive £26,000 in their first year and £28,000 in their second year. The firm offers 25 training contracts annually.

The US-headquartered firm was a strong performer in this year’s Legal Cheek Trainee and Junior Lawyer Survey. Scoring an A* for its partner approachability and rated highly for its client secondments, the latter of which it won the award for at our glitzy Awards ceremony last month, it notched up A’s in no less than seven categories: training, quality of work, peer support, tech, office, canteen and social life.

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64 Comments

Anonymous

Pleased for them.

But this is boring.

(6)(2)

Bystander

Rumours swirling that FBD is upping NQ to £100k base. Can anyone confirm?

(12)(1)

Anonymous

Utter bollox

(2)(3)

Anonymous

Confirmed – NQ at £100k, 2PQE at £120k

(2)(3)

Anonymous

LOL OK

(1)(0)

Anonymous

is that with “binary bonus” or base?

(4)(1)

KIRKLAND DIG BICK

“Legal Cheek’s Firms Most List shows Squire’s lot have leapfrogged the likes of CMS (£70,000), K&L Gates (£71,000) and Eversheds Sutherland (£72,000), and earn the same levels of cash as their peers over at Stephenson Harwood (£73,000).”

TOP WHACKKK

(13)(1)

THICC

DICKSON POON

(5)(0)

Anonymous

Not a bad rate for NQs tbh. The real elephant in the room is the trainee pay though, £37k is utterly pathetic lol

(16)(2)

Mid-level associate

Not really when trainees are essentially useless until their 3rd seat…

(9)(12)

Anonymous

Is that why nearly every other decent City firm pays first year trainees £45k+?

(24)(4)

Anonymous

You’re an utter cretin if you think underpaying trainees will get your shop anywhere. An opinion worthy of an associate from a obscure firm like SPB

(3)(0)

Anonymous

Brothers! Sister!

Prime Minister Jeremy Corbyn 2019!

City greed is causing a climate emergency

This greed and surplus salary should be taxed at 75% to pay for legal aid!!!

FOR THE MANY, NOT THE FEW

(4)(17)

International Committee for the Worst Repetitive Commentator 2019

Well ladies and gents, it’s been a close one this year between the ‘Glusker top top’ dross and the Corbyn ‘brothers and sisters’ nonsense but we at the awards committee have decided that it is Corbyn that edges it! Congratulations friend!

(42)(0)

Kronos

The battle for 2020 starts now. May the top, toppest titan win.

(27)(10)

Anonymous

No, you’ll always be a dull loser.

(5)(5)

Anonymous

lmaoooo

(0)(0)

Anonymous

Will BCLP ever raise salaries?

(4)(0)

Anonymous

Don’t think it will – top squeezed in the middle and not pulling in enough work. Too bad

(4)(1)

Anonymous

Raised to £80k, effective from mid-May.

(3)(0)

Steven Seagull

£44,000 for a qualified solicitor in Manchester??

(2)(0)

Anonymous

£44k in Manchester is the equivalent of £75k in the civilised parts of the country.

(14)(1)

US firm trainee

It’s less than what I earn right now lmaooo

(0)(4)

Anonymous

Why are so many firms missing from LC’s Most Lists.

(1)(0)

Anonymous

They probably don’t want their figures disclosed publicly, some firms are funny about it.

(2)(0)

SPB Trainee

Does anyone have any intel on NQ rates at Dorsey & Whitney? Are they any good?

(4)(1)

Anonymous

No one cares

(15)(6)

Anonymous

Because they don’t pay LC enough to get in.

(0)(0)

Anonymous

How much does Jaflas pay?

Just asking for a friend who is a DWP investigator.

(2)(0)

Rumple toot

DWF will be seething – this is a good £30k more that it pays London NQs, and it wants to merge with them.

How will it cope and meet with new NQ salaries?

Sell more stock (penny shares)!

(2)(1)

Anonymous

You should see what they pay in the regions. Lots of nearly 10pqe associates won’t take well to NQs out earning them.

(1)(1)

Anonymous

Anyone not intending to work at a US firm must be insane. Why flog yourself for pittance

(5)(5)

Anonymous

Lmao u think spb is a us firm??? 😂

(8)(3)

Anonymous

It’s not. Kirkland, Latham, White & Case, Willkie, Baker Botts etc.

(1)(1)

Anonymous

Thanks for the info expert

(17)(2)

Anonymous

Shove it up your ass student

DICKSON POON

U ok hun

Anonymous

You can go fuck yourself too, cunt.

DICKSON POON

OK HUN U NEED HELP

Anonymous

I think you are the cunt.

You either need a punch in the mouth or a cock up the arse. You choose..

Anonymous

Sorry, I don’t fancy you.

Anonymous

12.34pm, why not come to the Bar, sweetie, you can be on £250k-£300k straight away.

(7)(1)

Anonymous

yeh sure mate is that what they tell you on the bptc ?

(6)(2)

Anonymous

It’s what the earnings statements say, though you make a fair point as some are making a lot more.

(4)(1)

Anonymous

Top Tip: When pretending to be a barrister try to learn the statements PMS actually produce. I think you mean Payment Summary and Aged Debt Statements. And No, they don’t show barristers make £250-£350k. Thats what your course provider told you to get your course fees. Get back to your PTXs.

Anonymous

So out of curiosity then, how much does an NQ corporate barrister at a good chambers make? How much can they expect to be making at 10 pqe? How difficult is it to get into one of these roles, e.g. compared to a corporate solicitor?

Anonymous

Corporate barrister? Do these exist? Maybe Erskine…

At a decent set specialising in any area outside of legal aid, even the good common law sets, there will be a wide range of earnings between those between 2-5 years call, say £100k & £300k. Even barristers at the same call , in the same set doing the same work, can have contrasting earnings.

The beautiful (and scary) thing about the bar is that no one can really tell you the right way to build a practice and outperform your peers. In fact, most peopl can’t do it that well. In my experience doing clinical negligence, those earning at the top end, tend to display the following characteristics:-

1. Competent (there are so few truly great minds). Doing a really good piece of work every time is very difficult. When you are tired and think no one is watching, it is easy to cut corners.

2. Say yes to almost everything (provided it is within your competence). Massive cases have small beginnings and it is sometimes remarkable to think that this huge brief for trial is the result of picking up an opinion at 4pm on Friday 18 months previously when no one else could be bothered.

3. If you want to do great junior work all the time, go to a set where almost half the barristers are silks and impress during pupillage.

4. Give practical, straightforward advice.

5. Work unbelievably hard.

6. Love the job and love being self employed.

7. Treat clients (not just the big ones) with respect. Hit deadlines, say thank you, take them out now and again etc.

8. Be yourself and don’t try and model yourself on what you think a barrister should be. You will find your client niche. In other words, clients who instruct you because they like you. It is difficult to pretend to be someone else your whole career.

9. Try and stay calm in court. This comes with preparation. You are there to provide a reassuring presence, not to flap. You will get repeat work.

Just my two cents

Anonymous

10. Have a dad who is a silk, or better still, a judge.

Anonymous

To anon: 4.48pm.

If that makes you feel better. I’m not sure that Brian from Spw law in Coventry is going to care that you father happens to work in the same profession.

11. Don’t be bitter or jealous about other ppls success.

Anonymous

Wow no offence but the bar sounds like a shit profession tbh. I’m all for the dolla but even the dolla has its limits imo, I’ve never been a fan of the be-your-own-boss fantasy – in fact, I’d say that aspect of the bar scares me the most. Working as part of a system is what I’m good at, I’m too lazy and unmotivated to be a complete self-earner.

Not to mention going to court. Mooting – if it can at all be compared to an actual court hearing – was probably one of the more unpleasant and stressful experiences at law school, having to convince a moody judge of something I might not be convinced of myself… screw that.

I mean I know working as a solicitor at a big firm is no walk in the park, many of the same stuff you listed applies – be nice to clients, works very hard, be the yes-person, try to impress your higherups – but damn at least it’s a stable job with a stable income that only increases year in year out. And if you’re at a good firm, you’ll probably be making as much as even those high-earning barristers, not to mention if you make partner or find a lucrative in-house position.

Anonymous

Oh bless, you’ve never sat on a management committee in a chambers then. Had you done so you would know that many know to a penny what everyone is earning. And my tax bills don’t lie either.

Anonymous

8:46 3/5 likes to be a smart arse but he sounds very third tier if you ask me.

Anonymous

Shocking lawyers

(3)(0)

Anonymous

Why bruh?

(0)(0)

Anonymous

Why is this news? Happened months ago, we all got back dated pay from January.

(1)(1)

Anonymous

What about bonuses at spb? Any good?

(0)(0)

Anonymous

There is a standard scheme,

105% – 109% of your annual chargeable target, you get 5% of your base salary. Then 5% increase every subsequent 5% over the chargeable target.

Then there are discretionary ones.

(0)(0)

Anonymous

Sounds pretty weak – essentially they’re making you work harder to top up your base pay to be somewhat more in line with competitors.

(0)(0)

Anonymous

Former lawyer in London uses this weird trick to earn £££ whilst working from home. Recruiters hate him!

(6)(1)

Anonymous

Great to see LC deleting comments left right and centre

(3)(0)

Anonymous

Associates and partners are jumping ship in droves, morale in London is at rock bottom

(1)(0)

Anonymous

I wonder why LC deleted my comment about the bully partner, idle HR and nepotism that goes on at SPB… The facts speak for themselves…

(1)(0)

Anonymous

A derisory raise really

(0)(0)

Anonymous

Brothers! Sisters!

John McDonnell and Ed Miliband have outlined a “universal basic income for all” just now!

No one will need £70k plus in our new social economy!

This will be appropriated for the many, not the few! A universal income, a national health service!

75% income tax NOW!

(0)(1)

Comments are closed.

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