Another day, another rise
US law firm Davis Polk & Wardwell is increasing its newly qualified (NQ) rates from £160,000 to £165,000.
The Legal Cheek Firms Most List 2023 shows Davis Polk trainees start on a salary of £60,000. This rises to £65,000 in year two.
Last year the firm confirmed it will increase the number of training contracts it is offering from four to six in August this year.