International law firm Baker McKenzie has increased salaries for its newly qualified (NQ) associates in London.
Effective from 1 July, junior lawyer pay now sits at £118,000 — a 7% uplift from £110,000. Juniors may also receive a discretionary bonus on top of this six-figure sum.
Bakers recruits around 40 trainees each year on a starting salary of £50,000, rising to £55,000 in year two.
Baker McKenzie’s London managing partner, Ed Poulton, commented:
“Our people are fundamental to our success as a Firm, and we are determined not only to build an inclusive workplace for all, but also to reward in a consistent manner. We recognise that remuneration is one element of our package, as well as other important factors including our culture, offering a range of benefits and services, and agile working arrangements. I am delighted to be able to announce this uplift in salaries for our NQs, who, alongside our other talented individuals, we hope enjoy long and fulfilling careers with Baker McKenzie.”