More rises
A trio of City law firms have increased the salaries of their newly qualified (NQ) lawyers.
NQs at Bird & Bird will now earn a base salary of £95,000, a rise of just under 3% from £92,400.
Trainee salaries are also getting boosted by around 4%, with first year pay moving from £45,000 to £47,000, and year two increasing from £50,000 to £52,000.
The Legal Cheek Firms Most 2023 shows Bird & Bird recruits around 18 trainees each year.
NQ solicitors at HFW are now earning the same as their counterparts at Bird & Bird, thanks to a 12% rise from £85,000. HFW trainees in London earn £46,000 in their first year of training, then £50,000 in their second year. The firm typically offers 15 training contracts each year.
Finally junior at Dentons have also had pay rise of around 3% to £95,000. The uplift takes effect from September. Dentons’ trainees in London will also receive an increase of around 4%, with first year pay moving from £46,000 to £48,000, and year two increasing from £50,000 to £52,000. The firm typically offers 35 training contracts each year.
Many firms have increased salaries in recent week including Taylor Wessing, Travers Smith, CMS, Simmons & Simmons, and Ashurst.