Matches moves by A&O and Links
Clifford Chance has become the latest member of the magic circle to increase the salaries of its newly qualified (NQ) lawyers to £107,500.
The move sees the firm’s most junior lawyers now earn a base rate of £107,500, up 7.5% from £100,000, and matches recent uplifts by rivals Allen & Overy and Linklaters. The new rate will be effective from 2022.
Trainee rates at CC remain unchanged at £50,000 in year one and £55,000 in year two.
Magic circle salary standings:
|Firm||Trainee pay (Year 1)||Trainee pay (Year 2)||NQ base rates|
|Allen & Overy||£50,000||£55,000||£107,500|
|Slaughter and May||£50,000||£55,000||£100,000|
Keen to find out more about life at the firm or a life in law more generally? Why not sign up to the December Legal Cheek UK Virtual Law Fair 2021. It takes place on Thursday 2 December, between 2-5pm, and features 70 law firms, including all the magic circle and leading US firms’ London offices, international firms, and national firms across the UK.