Weil bumps newly qualified lawyer salaries to £170k

Avatar photo

By Rhys Duncan on

18

Latest City rise


US outfit Weil Gotshal & Manges has raised the salaries for newly qualified (NQ) lawyers in its London office.

The firm, which bumped pay last year to from £160,000 to £165,000, has upped their compensation again to £170,000.

This puts it amongst the highest paying firms in the City, matching a recent raise made by Davis Polk (£170,000) and overtaking increases made by fellow US players Willkie Farr (£165,000) and Cleary Gottlieb (£164,500).

The Legal Cheek Firms Most List 2024 shows that the firm takes on 15 trainees per year, and hands out a healthy salary of £60,000 and £65,000 during the training contract.

The 2024 Legal Cheek Firms Most List

18 Comments

Anonymoose

Noice

Roops 🇺🇸

🐓 🌽

Bullingdon 🇬🇧

💩 🐻

Rupert and Bullingdon Fan

🤣🤣🤣 this never gets old!

lol

Didnt expect to be so many NQ rises as of recent lol. Still in the new year haha

Wonder who will rise next

Anon

Whos next? Er every US firm that raised salaries November.

Questions

What’s Paul Weise NQ salary? Reckon its more than Weil and K&E? Anyone read the story of the partners not disclosing their earnings from each other lol

Anon

Cravath uncapped.

Huh

WTH does that mean. Cravath uncapped? Do they pay more than Akin and Milbank as an NQ? So more than £177k?

Bored

It means they pay Cravath rates which is $225k at a spot rate. How are you on legal cheek and don’t know what the Cravath scale is?

Borat Sagdiev

You will never get this, you will never get this.

Bb

Paul Weiss pay same NQ rate as K&E. $225k USD which depending on the rate they use (and assuming another new Tory pm doesn’t come and crash the economy again) is around £172-178k GBP

d

gimme the loot, gimme the loot imma bad bad man

Anonymous

10/10

Vvv

Noticed some K&E NQs moved to Paul Weise. I wonder what the compensation package was to make them move from K&E lol

PW Intel

105K sign on bonus and PQE bump

Wow

Well I’ll be dammed. For an NQ??

Anonymous

Bakers Next?

Join the conversation

Related Stories

Weil joins solicitor apprenticeship movement 

Two spots for September 2024

Oct 12 2023 8:52am
1

Weil mandates four day in-office week in London

Move brings City lawyers in line with US colleagues

Aug 30 2023 8:52am
42

Weil bumps NQ solicitor rates to £165k in London

Effective 1 January 2023

Dec 12 2022 11:27am
34