A&O matches Links with £125k NQ lawyer salary

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By Aishah Hussain on


MC firm opted not to increase last year citing ‘challenging’ economic conditions

Allen & Overy has increased newly qualified (NQ) lawyer salaries to £125,000, matching the level of pay at Magic Circle rivals Clifford Chance, Freshfields and, as we exclusively revealed this afternoon, Linklaters.

NQs in the London office have seen a 16% pay increase from £107,500 to £125,000 as of 1 May, the firm confirmed.

It comes almost one year on from when the firm told its juniors they won’t be getting a pay rise due to “challenging” economic conditions. It last increased NQ pay to £107,500 in November 2021.

Slaughter and May, the remaining Magic Circle member, pays £115,000 upon qualification.

A&O offers around 90 training contracts each year and pays trainees £50,000 in their first year, rising to £55,000 in their second year.

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