£105k and £107.5k
Base pay at CMS’s London office has moved from £100,000 to £105,000, which equates to an extra £5,000 or 5%.
Last year the firm boosted London trainee rates from by 5-7% and increased future rookie maintenance grants to £10,000 in London, and £7,500 for those studying elsewhere.
Beyond London, salaries in the firm’s regional offices are also up. Base rates in Bristol now sit at £68,000 (previously £65,000), while Manchester and Sheffield pay has moved to £60,000 (previously £57,500). Glasgow and Edinburgh NQs will now earn £60,000 too (previously £57,500). This marks increases of around 4%.
Simmons, meanwhile, has announced its London NQs London will earn a base rate of £107,500, up a little over 2% from £105,000. This change puts Simmons’ NQ salaries in line with the likes of Mayer Brown and Reed Smith.
Simmons has also bumped NQ pay in the Bristol office to £72,000. Previously £69,000, this is an extra £3,000 or approximately 4%. The new salaries are effective from 1 July 2023.
Our Firms Most List 2023 shows CMS dishes out around 95 TCs each year while Simmons provides around 24.