Trainee pay rises too
Bryan Cave Leighton Paisner (BCLP) awarded its newly qualified (NQ) solicitors a £10,000 pay rise earlier this year, placing them on six-figure salaries.
NQs in the transatlantic firm’s London office now earn £105,000, up by 10.5% from £95,000, effective January 2023. It means they earn the same level awarded to new associates at firms including Ashurst, Norton Rose Fulbright, Simmons & Simmons and Travers Smith, our Firms Most List shows.
It also means BCLP trainees see their salaries almost double upon qualification as they earn £55,000 in their second year of training. First-year trainees earn £50,000. These rates, previously £48,000 and £52,000, were effective from February 2023.
“BCLP made the decision to increase NQ salaries from £95,000 to £105,000, effective January 2023,” a firm spokesperson said. “We also adjusted associate salaries at the same time.”
“In a competitive talent market, the salary is an important part of compensation, as are the other benefits and rewards that we provide, such as our new parental leave policy and investment hours policy, which balances high performance with time out from the office,” they said. “The aim of this wider view of reward and compensation is to build higher-performing, cohesive, and supported teams.”
The pay gap is widening among members of the Silver Circle, an elite grouping of law firms traditionally consisting of Ashurst, BCLP, Herbert Smith Freehills, Macfarlanes and Travers Smith. Macfarlanes increased junior lawyer pay last month to £115,000. See how they compare in terms of salary in the table below:
Silver Circle salary standings:
|Firm||Trainee pay (Year 1)||Trainee pay (Year 2)||NQ base rates|
|Herbert Smith Freehills||£50,000||£55,000||£120,000|