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Taylor Wessing raises NQ solicitor pay to £77,000 plus bonus in package worth up to £92,400

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City pay war continues

Taylor Wessing has upped the base salaries of its newly qualified (NQ) lawyers by a healthy 8% as the war over junior talent in the City intensifies.

The outfit confirmed its fresh-faced associates will see their salaries increase from £71,000 to £77,000, equating to an extra £6,000. The tech-focused firm did add, however, that NQs could take home up to £92,400 with bonuses.

“We have many talented people who are experts in their fields,” talent director, Wendy Tomlinson said. “They have all contributed to another year of record success and we’re pleased to make an investment in our salary review this year based on the progress and level of profitability we’ve achieved.”

The 2019 Legal Cheek Firms Most List

The 8% bump sees Taylor Wessing move above the likes of K&L Gates (£71,000), Pinsent Masons (£72,500) and Reed Smith (£75,000) on Legal Cheek‘s Firms Most List, and draw level with Baker McKenzie (£77,000), DLA Piper (£77,000) and Norton Rose Fulbright (£77,000). Trainees receive £40,000 in year one, rising to £44,000 in year two.

The pay move comes less than a month after the outfit, which was crowned ‘Firm of the Year 2019’ after securing an impressive eight A*s in our Trainee and Junior Lawyer Survey, announced a 20% uplift in UK profit per equity partner (PEP) to £579,000 and a 12% jump in UK revenue growth to £145 million.

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60 Comments

ZONE 1

And yet another article stolen from Law.com by Tom.
This was posted yesterday evening – (https://www.law.com/legal-week/2019/07/15/taylor-wessing-increases-nq-salaries-by-8-5/)

You also stole the article about LGBT awards from law.com.

And you stole the Winckworth article from rollonfriday.

(54)(3)

Anonymous

Imagine putting a pay story behind a paywall 😂

(5)(7)

Anonymous

Imagine being a journalist, getting market information and publishing it to those who care enough to pay, only to have it ripped off

(19)(2)

Anonymous

Fuming 😂

(0)(1)

Anonymous

Nice try Tom

Anonymous

The hammer of justice just dropped

(2)(0)

Skadden NQ

I can guarantee you that no NQ at this second rate firm will be taking home £92.4k. Can we please stop misleading students and stick to base salaries only.

(32)(8)

Anonymous

Judging by the number of comments on articles from people claiming to work at Skadden, you guys must have a great work/life balance

(48)(3)

0161

I print my emails diligently each day in the hope that one day, in the distant future, I will make £77,000 as a partner. Hopefully then I can buy my dream BMW on finance!

(8)(7)

ZONE 1

Sub-prime banter for a sub-prime individual

(30)(1)

0161

We call it mid-market here

(8)(1)

Anonymous

Damn, didn’t see that coming. Bird

(0)(0)

Anonymous

Does Clyde & Co still pay just £65k NQ?!?!?

(3)(0)

Anonymous

It’s probably all they can afford – a significant amount of Clyde & Co billables come from insurance clients which refuse to pay even remotely reasonable hourly rates.

(6)(0)

Anonymous

They told me they’re a top international firm tho

(3)(0)

Anonymous

Shit firm.

(4)(0)

Anonymous

no

(0)(0)

Anonymous

What’s the NQ pay at Clydes then ??

(1)(0)

Rupert; a US Firm associate

🎶Chick chick chick chick chicken…

🐣🎶

(2)(0)

Anonymous

You pooed your bed at boarding school.

Your name is Rupert, like Rupert the Bear.

Your surname is “DeBeere” which sounds a bit like “the bear”.

“Poopert” rhymes with “Rupert” and references the poo accident you had.

Hence….

🎶POOOOOOOOOOOOPERT!!!!!

(0)(0)

Legin

Meanwhile the spb slaveship thinks it’s paying top dolla with £73k NQ 😂

(4)(0)

Anonymous

In any other industry, base + bonus

Criminally misleading

(6)(0)

Future trainee

Anyone got the scoop on Bakers, Norton Rose Fulbright and DLA Piper?

(3)(0)

Anonymous

Bakers salary review is to be communicated from today, 16 July. Watch this space…

(4)(0)

Anonymous

Bet it’s £1k increase and an email from the trainee partner telling us to be grateful as we’re paid more than our peer firms (which apparently is the likes of Taylor Wessing even though we work way longer hours)…

(7)(0)

Anonymous

90k base

(5)(7)

Anonymous

Phat!

(1)(3)

Anonymous

Don’t know why this is being downvoted… it’s true.

(2)(6)

Anonymous

WFW ?

(0)(2)

Anonymous

*WTF I think you mean.

(9)(0)

Anonymous

Watson Farley are now on £75,000 NQ I believe.

(4)(2)

Anon

Fake news

(1)(1)

Anonymous

It’s not pinhead, £75k NQ confirmed.

(2)(2)

Anonymous

Prove it cocksucker.

Anonymous

Discretionary bonuses don’t count.

(6)(0)

Anonymous

Step in front of a bus you insignificant cretin

(0)(0)

Tightwad & Co. LLP

Any news on Fieldfisher? The firm had another record year with huge increases in PEP and it still thinks it’s ok to pay NQs £66k

(4)(0)

Anonymous

What’s the new NQ at CMS? Need to know in case the Skadden offer doesn’t come through.

(5)(2)

Anonymous

Mayer Brown? Any news?

(2)(0)

Anonymous

Unlikely to say much for another 6 weeks or so, judging by the timing of their increase announcement last year

(0)(0)

Anonymous

Anyone know what firms Mayer Brown benchmarks against?

(0)(0)

Anonymous

Baker McKenzie and DLA come to mind. Definitely not the US elite, even though state-side Mayer Brown is among the top firms in the country

(1)(0)

Anonymous

Apparently BM now only benchmarks against MC, some SC, HL and NRF.

(1)(0)

Mr Black

Can anyone tell me what Mustard, Plum, Green and Peacock LLP pays?

(5)(0)

Anonymous

Bout two foddy

(0)(2)

Anonymous

£200 if you pass Go

(3)(0)

Anonymous

Any news on Burges Salmon?

(0)(1)

Anonymous

How so?

(0)(0)

Anonymous

They exist and they are. It’s that simple.

(0)(0)

Anonymous

Base of £56k, total package available up to £100k.

(12)(1)

Anonymous

A discretionary bonus of up to £44k? That can’t be right.

(5)(1)

Anonymous

Lol, how does TW beat corporate-heavy firms like CMS and BCLP…? Meanwhile, Bird ‘n Bird is still stuck at 60k lol

(2)(0)

Anonymous

2Birds is propa hefteh

(1)(0)

Anon

I wouldn’t exactly call BCLP “corporate-heavy”

(4)(1)

Anonymous

What den

(0)(0)

Anonymous

Real Estate and construction; they bladdy lav it.

(3)(0)

Anonymous

BCLP has no corporate team worth mentioning. Its real estate, construction and finance (inc. funds). That’s it.

(0)(0)

Anonymous

HFW?

(1)(1)

Anonymous

Lmao dream on

(2)(2)

Anonymous

Well damn – any news on Mayer Brown and Eversheds

(1)(0)

Comments are closed.

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