Slaughters swerves Magic Circle pay war — for now

Avatar photo

By Thomas Connelly on


NQ rates remain at £115k despite rivals raising

Elite law firm Slaughter and May is keeping salaries for newly qualified (NQ) associates at £115,000 for the time being, despite rivals Allen & Overy and Linklaters both upping pay earlier this month.

Slaughters conducts pay reviews every six months, the most recent of which is understood to have taken place last month. NQ rates were kept the same but eligible associates shifted up through the post-qualification pay bands as normal.

The decision comes as both A&O and Links recently increased to £125,000, matching similar moves by Freshfields and Clifford Chance in spring 2022.

The 2023 Legal Cheek Firms Most List

The Legal Cheek Firms Most List 2023 shows that as things stand, Slaughters is now the only member of the Magic Circle not to offer the £125k rate. It last upped junior lawyer pay in April 2022, a 7% bump from £107,500.

Slaughters recruits around 95 trainees each year, with TC pay set at £50,000 in year one, rising to £55,000 in year two.

For all the latest commercial awareness info, news and careers advice:

Sign up to the Legal Cheek Newsletter

Related Stories

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

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

May 3 2023 4:35pm

Linklaters increases newly-qualified lawyer pay to £125,000

Exclusive: Matches Magic Circle rivals Clifford Chance and Freshfields

May 3 2023 2:47pm

Slaughters increases NQ lawyer rates to £115k

Boosts of up to 20% across all PQE levels too

Apr 12 2022 12:38pm