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Sidley boosts NQ lawyer salaries from £137,500 to £148,500 as US MoneyLaw mania continues to sweep London

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8% rise

US law firm Sidley Austin has increased the salaries of its junior lawyers in London.

Newly qualified (NQ) solicitors will now earn a base salary of £148,500, up 8% from £137,500.

Those higher up the associate scale will also receive pay rises; a 2019 qualifier will receive a salary of £156,000 and a 2012 qualifier £272,000.

Class Salary (GBP) Salary (USD)
2020 £148,500 $205,000
2019 £156,000 $215,000
2018 £174,000 $240,000
2017 £199,500 $275,000
2016 £221,000 $305,000
2015 £239,000 $330,000
2014 £253,500 $350,000
2013 £264,500 $365,000
2012 £272,000 $375,000

The salaries have been calculated using a USD to GBP exchange rate of 1.38, according to a memo seen by Legal Cheek. They are effective from 1 July 2021.

“We are grateful for your ongoing dedication and performance, which continues to enable us to provide our clients with the highest quality of professional service and contribute to the firm’s success,” the memo read. “Your extraordinary efforts this year are an outstanding example of our commitment to teamwork, collaboration and superior client service.”

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Law firms on both sides of the pond have been waging a pay war for associate talent.

Last week Legal Cheek reported that Simpson Thacher had upped US and London salaries to the new coveted rate of $205,000, after Milbank and Davis Polk previously set down salary markers of $200,000 and $202,500, respectively.

Elsewhere, Clifford Chance increased NQ lawyer pay in London to £100,000 and recently announced it will match the new $205k market scale for associates over in the US.

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