US outfit also confirms 100% autumn retention score
The London office of US outfit Weil, Gotshal & Manges has bumped trainee solicitor pay by as much as 10%.
The New York founded firm’s first-year rookies will now start on a salary of £50,000, up 9% from £46,000, while those in year two will receive £55,000, up 10% from £50,000.
Our Firms Most List shows that the increases put Weil’s year two trainees on the same levels of cash as their peers at a plethora of US outfits including Debevoise & Plimpton, Kirkland & Ellis, Milbank and Sidley Austin. The firm — perhaps best known for its private equity work — offers its newly-qualified (NQ) lawyers a salary of £130,000.
Meanwhile, Weil confirmed a perfect autumn retention figure of 100%. While the 16 office-outfit declined to provide further details, Legal Cheek understands around 7 or 8 trainees will qualify into the firm next month. Weil’s London office takes on roughly 15 trainees each year.