A&O restarts lawyer salary reviews and increases pay

Avatar photo

By Aishah Hussain on

NQs receive pay rise which falls £5k short of pre-COVID six-figure sum

Allen & Overy’s London office

Allen & Overy has restarted lawyer salary reviews and increased levels of pay.

The magic circle firm introduced a firm-wide pay freeze and put annual salary reviews for lawyers and support staff on hold in the first quarter of the financial year when coronavirus hit.

“Following a recent review, we have taken the decision to increase lawyer salaries to align to the market as appropriate to their band or relevant discretionary increase for their role,” a spokesperson from the firm said. The increases will be reflected in their December pay, backdated to November.

This includes its newly qualified (NQ) solicitors, which, as Legal Cheek reported in June, received a 10% cut in pay from a minimum of £100,000, comprised of salary and sign-on bonus, to £90,000, in response to the coronavirus pandemic. However, the pay rise falls £5,000 short of the six-figure pre-COVID sum. The spokesperson confirmed to Legal Cheek that their total compensation package now stands at £95,000.

The 2021 Legal Cheek Firms Most List

The firm’s second year trainee solicitors, who had been held on year one pay, have now had their salaries reinstated, the spokesperson added.

The salaries of A&O business services and support staff, however, remain frozen.

A spate of City law firms cut solicitor salaries to curb the financial uncertainty brought about by the coronavirus pandemic. Some, including most recently, Hogan Lovells, have since restored NQ lawyer pay to their pre-COVID levels.

Sign up to the Legal Cheek Newsletter

Related Stories

Allen & Overy cuts NQ solicitor pay by 10%

COVID-19 response measure follows Slaughter and May salary decrease

Jun 22 2020 11:23am

Top City firms freeze junior lawyer pay in response to virus pandemic

HSF, Freshfields and A&O among outfits to introduce belt-tightening measures

Apr 8 2020 9:23am

Hogan Lovells reinstates NQ lawyer pay following COVID cuts

Global firm trimmed salaries in London and Birmingham earlier this summer

Nov 2 2020 10:42am