News

More MoneyLaw! Skadden boosts London junior lawyer pay to £144k

By on

8% rise

Skadden is the latest major US law firm to boost the already hefty salaries of its junior lawyers in London.

The New York-headquartered outfit’s newly qualified (NQ) lawyers will now receive a pay packet of £144,000 — a rise of 8% from £133,000.

The new and improved rate sees Skadden’s UK lot leapfrog their opposite numbers at the likes of Davis Polk (£135k), Shearman & Sterling (£135k), and close in on US competitors such as Kirkland & Ellis and Latham & Watkins (both around £145k).

The 2021 Legal Cheek Firms Most List

The Legal Cheek Firms Most List shows the firm recruits just 12 trainees each year on a starting salary of £50,000. Pay jumps to £55,000 in year two, before rocking to the new £144k rate upon qualification.

A host of US firms have upped their cash offerings in recent months as they look to put further distance between themselves and their UK rivals on the pay league ladder.

Sign up to the Legal Cheek Newsletter