£50,000 to £80,000
Kennedys has increased rates for newly qualified (NQ) associates in London by a whopping 60%, from £50,000 to £80,000.
The Legal Cheek Firms Most List 2023 shows the major money move puts its new lawyers on a pay par with their rivals at Charles Russell Speechlys, Clyde & Co and Trowers & Hamlins. Salaries in the regions are up 32% to £50,000.
Trainees are also cashing in. London salaries now sit at £41,000 in year one, rising to £44,000 in year two, while those in the regions will earn £29,000 and £32,000. The firm offers around 33 training contracts each year.
The move comes some three months after Kennedys recorded its highest-ever global revenue of £286 million.
Last week Legal Cheek revealed that Fieldfisher had boosted NQ rates in London from £85,000 to £92,000, while those in the regions had seen salaries swell by 20% to £60,000.
