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Clifford Chance follows Freshfields with £100,000 NQ solicitor pay

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Six-figure sum includes bonus

Clifford Chance has followed Freshfields’ lead and upped newly qualified (NQ) solicitor pay to £100,000, it emerged this morning.

Junior lawyers at Clifford Chance’s Canary Wharf HQ will now start lawyer life on a hefty £100,000, up from a previous salary of £91,000 including discretionary bonuses. It is worth noting, however, that Clifford Chance’s new and improved figure still includes bonuses, meaning Freshfields‘ NQs still have the potential to out-earn their magic circle counterparts, with discretionary bonuses on top of their £100,000 rates.

The 2019 Legal Cheek Firms Most List

Today’s money move will pile further pressure on the rest of the elite fivesome to follow suit. As it stands, NQs at Allen & Overy, Linklaters and Slaughter and May receive base rates of £83,000 respectively.

Assuming Clifford Chance’s lot receive their discretionary bonuses, Legal Cheek‘s Firms Most List shows that they’re now on a pay par with their opposite numbers at US outfit Covington & Burling (£100,000).

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83 Comments

Anonymous

it begins, ladies and gents.

American firms who float around those brackets (Jones Day, White & Case and the other poorer firms) need to distance themselves from this immediately.

(17)(4)

Anonymous

Wot about Dichart?

(1)(0)

Anonymous

Dechert is 110k read it up ah

(1)(0)

Skadden NQ

Lmao cute

(6)(4)

Anonymous

116 I hear

(3)(0)

Anonymous

It indeed begins.

(2)(0)

Rupert; a US Firm associate

Chicken feed, dear boy.

CHICKEN FEED.

(5)(0)

An old chum

Ah! Rupert De Beere!

Everyone knows your name!!!!

🎶He’s Ru-pert! Rupert De Beere! Everyone sing his name….

Ru-pert! Rupert De Beere! Everyone come and joooooiiiiin…
In all of his games!!!🎶

🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻🐻

(0)(0)

Rupert; a US Firm associate

WHO in the seventh circle of HELL are you to mock my NAME?????

Come on!!!!!

Name yourself!!!!!!!

I dare say you are someone I was at school with.

I bet you are now a BIN MAN or
have been convicted of some perverted SEX OFFENCE (or BOTH!!!!)

I am a SUCCESS.

You clearly are NOT otherwise you would not be mocking my NAME!!!!

I would wipe the floor with you in COURT and SPIT on your still-twitching CORPSE!!!!!!!

(0)(2)

An old chum

Poopy Roopy has gone loopy!

Pooed his pants at school.

Poopy Roopy, needed a scoopy.

What a silly fool!

Rupert; a US Firm associate

When I FIND out who you are, I am going to do TERRIBLE things to you!!!!!!!!

Inter alia, you will be ROASTED over a camp fire and EATEN!!!!!!!!!!!

Anonymous

bants

Anonymous

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(4)(0)

Anonymous

Don’t feed the poo trolls.

(0)(0)

Anonymous

I earn £17,500 p. a. as a managing partner at Big Dog Solz in Blackburn. We specialise in immigration, actions against the police, and representing obviously guilty people.

(41)(2)

Anonymous

SullCrom pays 143k, not 101k. Legal Cheek keeps deleting my comments. Pathetic.

(21)(1)

Anonymous

Fumin’

(5)(0)

Anonymous

Doesn’t matter how much they pay, you’re still working in the soulless remote Docklands shithole known as Canary Wharf.

(27)(34)

SP

As opposed to the opulent offices of No-one and Nobody LLP situated across the road from the High St Greggs in Blackpool.

(16)(6)

Anonymous

Yeah, must be horrible working in an office with a free on-site gym and pool etc., not to mention the entire underground of Canary Wharf is a huge luxury shopping centre and has LOADS of bars and restaurants. You sound clueless.

(45)(10)

Anonymous

Realistically unless you’re a partner you’re not going to use the CC pool.

(11)(22)

Anonymous

That’s completely untrue, the pool and gym is used by all, including the most junior members of staff in business services.

(24)(5)

Anonymous

Hi HR!

Anonymous

Hi HR – huh? What’s HR got to do with the facilities at CC?

While we’re here though I may as well also mention the squash courts, cycle studio, hairdressers, dry cleaners, music rooms, art exhibitions, bar, and cafe though 🙂

Anonymous

People be jealous yo

(13)(1)

CC Assoc

It’s probably the best office of any law firm in London.

(31)(16)

CC business services

Without a doubt.

(8)(8)

Anonymous

But someone pood in your pool…

(6)(1)

Anonymous

how about the gherkin? go fish

(3)(9)

Cushman

The Gherkin, with its shit floorplan layout, is hardly comparable you retard. If you ever set foot into offices within 30 St Mary Axe you’d know it’s long past its prime as top City real estate and is due for a refurb.

(15)(2)

Anonymous

nope, CMS

(4)(2)

Bifford Bantz

Skadden now pays 133k for NQs.

(8)(0)

Anonymous

Skadden up to 133K

(21)(0)

Anonymous

LC still trying to negotiate a fee with Skadden before they publish

(50)(0)

Anonymous

What are the chances of/criteria for getting a bonus at FF?

(3)(0)

rofer

Go out and buy a tube of lube now and you may get one…. and a bonus by the end of the fiscal year…..

(7)(0)

Anonymous

Lol why

(0)(1)

CC 1 PQE

Binary bonus is now only for NQs. Everyone else is on a discretionary bonus. 1 PQE on just over 100k means CC must now be a bit behind FBD.

(6)(1)

CC employee

Yes but the discretionary bonus has much higher earning potential than the set binary bonus. I don’t think we’ll be that far behind.

(3)(0)

Anonymous

Except FBD has 100k base (so presumably around 107 to 110k base for 1 pqe) AND discretionary bonus…

(4)(2)

Anonymous

But… someone soiled your pool!

(2)(4)

Bee Em Trainee

Baker Macs trainee

(1)(1)

Anonymous

What?

(1)(0)

Anonymous

A Baker McKenzie trainee soiled your pool?

(0)(0)

Anonymous

What’s salary for Katten?

(2)(0)

Canned Pet Food Co. Pty. Ltd.

What’s a Katten?

(7)(0)

Anonymous

Like a kitten, but made of kit kats.

(9)(0)

Anonymous

I think they pay around 75k NQ

(0)(0)

Anonymous

A la lanterne!

(0)(0)

Anonymous

Katten is a us firm in London, think it’s small though

(2)(1)

Anonymous

Totally obscure shet

(5)(0)

Anonymous

They’ll pay US firm salaries unless you class that as “shet”.

(1)(3)

Anonymous

No they don’t you moron. Katten never paid US rates.

(1)(1)

Anonymous

You an expert yeah

Anonymous

Fuck you c*nt

Anonymous

A&O and Linklaters dragging their heels as always….

(17)(0)

Anonymous

Not necessarily the case , just because it hasn’t been announced yet , the staff will know .

(1)(2)

Anonymous

Slaughters definitely will drag their heels

(15)(0)

Anonymous

Shut the fuck up and keep billing gimp, we compensate you with prestige.

(10)(1)

Anonymous

Okay but what is the actual base salary at CC & how much of the £100k is hypothetical bonus…

(5)(0)

Anonymous

91k + 9k Binary Bonus. Everyone will get bonus unless you’re proper shit.

(14)(0)

Anonymous

…in the pool?

(11)(0)

Anonymous

False. CC are being stingy. A significant proportion of the annual cohort will miss out on the bonus. The firm probably did this to indirectly blackmail some trainees to stay at unsociable hours i.e. do this now or that bonus won’t come in. Expect this ‘bonus’ to be awarded in cases of arse-rimming and sucking up to supervisors instead of merit.

(8)(13)

CC 1 PQE

Wrong. If you are at CC youre probably one of the shit ones.

Though CC are being stingy – as 1 pqe are only on a few k more than 100k.

(1)(1)

Anonymous

None of it. You don’t advertise a wage as the going rate if it were to include bonus. It creates an expectation that it will always be paid, and will then form part of the packet.

Either way, all MC firms will end up matching the rivals, benchmarking being the driving force.

(5)(0)

Anonymous

Nabarro was actually the first firm to pay NQs £100k* as far back as 2011, although it was not greatly publicised at the time.

*This comprised a £64k base salary, up to £5.3k discretionary bonus, up to £4.2k pension contributions, gym subsidy valued at £1k and up to £25.4k worth of coffee, sandwiches biscuits in meeting rooms if internal meetings/training refreshments are taken into account. Oh, and approximately £100 of stationery given to all new joiners, ranging from a branded pen to an A5 jotter pad.

(50)(0)

Anonymous

10/10, excellent bantz.

(8)(0)

Anonymous

Refreshingly funny.

(6)(0)

Gruesome Newsome

Nabarro was actually an amazing place to work.

(0)(1)

Anonymous

🏊‍♀️ 💩

(3)(0)

Anonymous

Did anyone ever get to the bottom of who did shittypoos in the pool?

Surely a DNA test of all staff members would have revealed all?

(0)(0)

Fresh

So?

(1)(1)

JDP

No need to raise our rates. We lure new hires with after-hours perks. Performance based, of course.

(10)(0)

Kirkland NQ

Clifford Crap couldn’t even bump the NQ rate to equal Freshfields, the rate is inclusive of ‘bonuses’. The ‘magic’ circle is finished.

(9)(19)

Anonymous

City law pay threads are right old catnip for the law student virgin boys.

Grow up. The pay may look good but the jobs are few and you’d be worked like an Egyptian tourist camel.

And you wouldn’t use any law, just boilerplate. Between fetching dry cleaning and cups of tea.

Now, get back to that revision for the re-takes.

(11)(9)

Anonymous

Nobody becomes a commercial solicitor because they adore the law. They go into it because it’s a good way to make lots of money very fast, and they didn’t fancy investment banking.

(17)(3)

Anonymous

It’s so true 😂

(0)(0)

Anonymous

true 😂

(0)(0)

Comments are closed.

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