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Simmons & Simmons ups newly qualified solicitor base salaries to £79,000

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Junior lawyer earnings could exceed £100,000 with bonuses, says firm

Simmons & Simmons has become the latest City player to up the base salaries of its newly qualified (NQ) lawyers.

It confirmed NQs will now receive a salary of £79,000, up 5% or £4,000 from a previous rate of £75,000. The firm, however, said “high performing” NQs in London could earn in excess of £100,000 with bonuses.

Focusing on base rates, Legal Cheek‘s Firms Most List shows Simmons’ new associates are now £1,000 better off than their opposite numbers at Mayer Brown.

Simmons, which takes on around 25 trainees annually, has also increased the salaries of its NQs in Bristol. They will now receive £52,000, an extra £1,000 or 2%.

Trainees in London receive £44,000 in year one, rising to £48,000 in year two, while their Bristol-based counterparts receive £38,000 and £39,000 respectively.

The 2019 Legal Cheek Firms Most List

The pay uplift comes after the firm reported a 4% increase in its profit per equity partner (PEP) to £710,000 and a 6% bump in revenue to £347 million. Profit jumped by 9% to £119 million for the year ending 30 April 2019.

“This is the third consecutive year of strong financial performance for the firm and we are making good progress against our business plan,” managing partner Jeremy Hoyland said. “The year has been one of continued focus on client relationships and client service and how we can deliver smarter solutions for our clients.”

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71 Comments

Anonymous

These plebs went to 80k, while titan BCLP and CMS still lag behind at 70 lool

(11)(1)

Anonymous

CMS next

(0)(0)

Anonymous

Lmao when ??

(0)(0)

Rupert; a US Firm associate

Crumbs from the floor.

(0)(3)

Anonymous

any news of raises at Addleshaws or K&L Gates?

(0)(0)

Anonymous

K

(0)(0)

Anonymous

KnL London is deserted lol

(2)(0)

Anonymous

What do you mean?

(0)(0)

Anonymous

No one goes there. Team is small. Shit quality work. Bad work-life balance. Shet even in the US lol.

Anonymous

KnL = Kirkland ‘n’ Latham?

(5)(0)

Anonymous

“K&L Gates” for the lazy bums who do not feel like typing it out.

Anonymous

Hefteh. Hope the trend keeps up all across the mid-market.

(12)(0)

Anonymous

Any ideas on whether Pinsents will go and match pay?

(1)(0)

Anonymous

The year 2034

(4)(0)

Anonymous

2134 you mean

(0)(0)

Anonymous

They just announced a rise to 72.5k… don’t see another one coming anytime soon…

(2)(0)

Anonymous

Yeh got cucked bigly

(1)(0)

Anonymous

GRR. Stop using the figure including bonus as the headline. Its a salary of £79k. Not too shabby, but its not £100k. Even the article states “high performing” NQs in London could earn in excess of £100,000 with bonuses. By definition therefore only a small number will actually get £100k.

(7)(9)

Anonymous

The headline says 79k you wazzock.

(22)(0)

Anonymous

yawn

(0)(0)

Anonymous

Anyone know if this has been reflected in S&S Bristol pay?

(1)(7)

Anonymous

Read the article FOOL.

(18)(3)

Anonymous

Rage

(0)(0)

Skadden 1PQE

The base salary is £79,000. Can we please stop misleading students with £100,000 salary. It’s rare for an NQ at this firm to get a £21,000 bonus.

(33)(2)

Anonymous

No NQ in the city will get a £20k bonus, not even the US firms pay NQs a bonus that is that high.

I am struggling to understand how these English firms are all claiming that NQs are able to earn in excess of £100k assuming a bonus of over £20k…

(30)(1)

Donald

English law firms are fake news.

SAD.

(15)(0)

Anonymous

In theory I can earn up to 35% bonus at my firm. However this scale is 15% to 35%. Odds are should I bill 2200+, I’ll be much closer to the 15% than 35%.

(3)(0)

Anonymous

DLA ?

(2)(0)

Anonymous

Are NQs even eligible for bonuses at DLA?

Anonymous

Didn’t NRF have a tasty 35% bonus if you hit 2500 hours billed or something insane like that?

(4)(0)

Anonymous

You can earn a c.20k bonus at certain US firms as an NQ, but agreed generally.

(0)(3)

Anonymous

Even this is unlikely. NQ bonus on the Cravath scale is $15k (just under £12k on today’s spot rate). Kirkland offer a slight uplift for high billers, but that’s around the 1.2x mark, taking the total to £14.4k. And that’s the best case scenario – most firms don’t use such a generous conversion or provide any uplift, so you’re looking at around £10-11k as an NQ (which is still great!)

(7)(2)

Anonymous

What’s Norton Rose Fulbright waiting for?

(10)(0)

Anonymous

Potential merger.

(5)(0)

Anonymous

No they ain’t lol. CMS is.

(0)(0)

Anonymous

to 88

(0)(0)

Anonymous

Any rises at dentons or dla?

(0)(0)

Anonymous

DLA to announce rise to 82k NQ.

(4)(0)

Anonymous

You sure?

(0)(0)

Anonymous

Nope jk lol

(2)(1)

Anonymous

Heard eversheds increasing soon

(0)(0)

Anonymous

NQ salary will be £78k.

(0)(0)

Anonymous

Any rises on eversheds

(1)(0)

Anonymous

not happening, such a cheapo shop

(6)(1)

Kirkland NQ

Wow imagine being a lawyer who can’t afford a Lambo. What a sad existence.

(13)(16)

Anonymous

Imagine being a 1st year student with nothing better to do that post the same old joke day after day on every Legal Cheek article.

(36)(3)

Kirkland NQ

Another jealous hater. Pop round the Chelsea townhouse and be brave enough to say that to my face, you’ll get a kung fu kick to the face so hard you’ll be a corpse before hitting the ground.

(5)(8)

Anonymous

10/10, he strikes again

(2)(0)

Anonymous

As if you spend any time at home

(4)(0)

Anonymous

0/10

(1)(1)

Lord Green

Lame.

(0)(2)

Anonymous

And your “Lambo” owning days will be over. Such a gimp bandit.

(2)(2)

Kirkland NQ

Those days will never be over. When I die I’ll be buried in a Lambo in the style of a Viking longboat burial.

Anonymous

Will US firms raise salaries

(1)(0)

Anonymous

Only if they rise in US market and London office has global matched pay scales

(3)(0)

Anonymous

NY to $200k…maybe next year. No summer cash either this year.

(0)(0)

Anonymous

Really solid salary! Well done

(0)(0)

Anonymous

I hear Kaim Todner criminal solicitors are upping their NQ pay to £4.5 mil a year.

(2)(0)

Anonymous

Such phat dollah, love it

(1)(0)

White Shoe 1PE

LOL – all of these second rate firms are so far behind.

(2)(2)

Anonymous

At least we get time to enjoy our salaries. You sold your souls to the corporate machine lmao

(1)(5)

Kirkland NQ

I regularly have time to enjoy my salary – particularly on the way to and from work while I’m driving the LAMBO.

(5)(9)

OXFORD BCL

stfu

(12)(0)

Anonymous

Any news from CMS?

(1)(0)

Anonymous

80NQ rumours

(0)(0)

Penny W.

Hahahahahahaha forget about it.

(1)(1)

Silver Circle Trainee

Choosing between WilmerHale and Clifford Chance. What do Wilmer pay NQs?

(0)(2)

Anonymous

3/10, poor quality troll

(1)(0)

Anonymous

Wilmer Hale. More prestigious, more dolla and among the most elite arbitration firms in the world.

(0)(0)

Anonymous

The disparity in pay between the Bristol and London office must be really insulting. A decent Waitrose shop still costs the same in both cities!

Jokes aside I’m glad to see at least a few NQ roles in the regions breaking the 50K barrier – they honestly really deserve it.

(8)(0)

Anonyman

Trainees in London receive £44k, whilst trainees in Bristol receive £38k. Still a fairly sizable difference, but ultimately fair due to the difference in living standards.

But £52k when compared to £79k is ludicrous. Bristol is hardly a cheap city to live in. So much for law firms caring about their young talent.

SAD!

(4)(0)

Comments are closed.

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