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Baker McKenzie ups NQ solicitor pay by almost A QUARTER to £95,000

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Potential earnings could exceed £100,000 with bonus

Baker McKenzie announced today a whopping 23% increase in its pay packet for newly qualified (NQ) solicitors to £95,000. The package includes a £90,000 base salary and a £5,000 signing-on bonus, a total uplift of almost a quarter from the previous level of £77,000.

There is also the potential to reap further rewards with a performance-related bonus that could, according to the firm: “[bring] their potential earnings to more than £100,000.” A spokesperson at the firm said:

“We are committed to remunerating our people fairly and competitively. Accordingly, we have raised our NQ package in line with the London market.”

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The news brings Bakers’ NQ salaries roughly inline with magic circle firms. The total potential payout at Linklaters, for instance, is £100,000 (a combination of base salary and performance-related bonus). Ditto at Clifford Chance. Outside of the magic circle, Herbert Smith Freehills pays at a similar level (£105,000 if you include performance-related pay) to Bakers’ new heights.

This will be good news to many since, according to the most recent Legal Cheek Trainee and Junior Lawyer Survey, one of the main gripes at Bakers has been the NQ pay.

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106 Comments

Baker McKenzie could bake me off

Do you think I would get through to interview if I were leave some my delectable baked treats for the the attention of HR?

I feel my skills in this area would really help to take Baker McKenzie to the next tier.

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NRF Fanatic

NRF have to surely

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Anonymous

Who will be next to raise NQ?👀exciting times lol

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Anonymous

CMS, DLA, Sheds, BCLP, TwoBirds

(1)(0)

CMS 4th Seat Trainee

It’s like a boiler room in here – getting it from all angles and steam everywhere. Please raise.

(2)(0)

Anonymous

BCLP already raised to £75k NQ – it’s on their f*cking website.

Don’t know about the Shed.

2Birds will raise but no way near as high as Bakers or HogLove, let alone MC.

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Anonymous

Prob try to match TW (but will stop at 72k)

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Anonymous

REED SMITH, RAISE PLS!

(2)(0)

Anonymous

Baker McDonalds

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Comments are closed.

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