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Big Four giant PwC boosts NQ solicitor salaries to £72,000

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Trainees receive fresh rises too

Big Four player PwC has upped the salaries of its trainees and newly qualified (NQ) solicitors, Legal Cheek can reveal.

The accountancy giant, which takes on around 30 trainees each year, has bumped junior lawyer pay to £72,000 — a healthy rise of 14% from £63,000. Turning to our 2020 Firms Most List, NQs are now on a pay par with their peers at London law firm Mishcon de Reya (£72,000) and a full £1,000 ahead of those at City trio Bird & Bird, Gowling WLG and Osborne Clarke (£71,000).

The firm’s trainees are also cashing in. Those in the first year of their training contract will now receive a salary of £44,000, up from £39,000, while those a year ahead will earn £48,000, up from £44,000. This equates to uplifts of 13% and 9% respectively.

The 2020 Legal Cheek Firms Most List

PwC, which boasts a whopping 1,008 offices across 157 countries, notched up As for peer support, tech and work/life in this year’s Trainee and Junior Lawyer Survey. It scored Bs for quality of work, partner approachability, office, canteen and social life.

News of the pay boost comes just weeks after fellow Big Four player Deloitte announced it was making inroads into the legal profession through the launch of a new training contract programme specifically designed for the Solicitors Qualifying Examination (SQE). Teaming up with The University of Law (ULaw), Deloitte is looking to recruit its first ten trainees next September.

16 Comments

tim

mid-sized international firms need to step-up now.

Rupert; a US Firm equity partner

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Anon

How are they paying 1k less than CMS. No wonder the FIRA team have left in droves.

Bantah

Rofl what’s a FIRA you cock

The 600 lbs man

NQ salaries are unsustainable. Plenty of senior lawyers and managers have expressed the thoughts that they are just playing catch-up with other firms to save face, rather than paying NQs a wage that accurately reflects their value to the firm.

K&E NQ

and long may it continue.

Anon

Maybe if you’re working in commoditised second-rate areas of law. Stick to the first lien areas and you’ll be profitable.

Legal Genius

Which are those

Anon

Look at a firm like K&E, Weil or Latham’s focus areas in London. Lev fin, funds, PE, restructuring, high value/stakes litigation and arbitration.

Dave

You know environmental law, Human rights & Sports law

Anon

Either way there are still ridiculous levels of pay being handed out to people with zero independent practice experience. Firms these days are just “paying the market” (whatever they see their market as being) with no attempt whatsoever to differentiate their offering by means other than salary.

Adapted sociopath

So what? We all work for the salary, nothing more. I’m a big fan of the salary war, the higher paying and more elite law firms get the more I’ll enjoy the industry. I’m certainly not in it for the fun.

Anon

Personally I would sooner see firms promoting genuine flexible working arrangements, training opportunities (internal and external), employee benefits packages (holiday and others), good parental leave and working parents policies etc etc etc.

I would far sooner my firm had not simply raised salaries across the board to peg to a notional market, but decide to actually speak up about what the benefits are (other than pay) of a career here.

If you “work for the salary” alone then fine but I can assure you that certainly isn’t the case for everyone and it’s a pretty immature way to assess what for many is a medium or long-term career.

Legal Genius

Well-said.

I TOTALLY WORK AS AN NQ SOLICITOR AT MILBANK OKAY

WHAT A GARGANTUAN WEDGE

Legal Genius

Hohohohoho it’s over for Pinsents and CMS and the rest of the midmarket toilets.

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