Beyond NQ: What’s the salary progression like at your firm?

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By Legal Cheek on

48

Open thread 💬 💷


So far, it’s shaping up to be another summer of salary boosts across the City — some relatively minor, others more substantial.

As in previous years, Legal Cheek commenters have questioned what impact these pay rises have further up the ladder, beyond newly qualified (NQ) level.

Are pay bands being squeezed, as some commenters suggest? Or are firms increasing salaries across the PQE levels too?

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With this in mind, one Legal Cheek reader dropped below the line on a recent pay story to ask:

“I think it’s time for another article where associates spill the information about band pay…. Great to see all these headlines for NQs but we need to know what’s going on between the PQE bands and only other associates can share this info.”

So, in what’s becoming something of a summer tradition, we’ve created this open thread for our trusty readers to share insider knowledge in the Legal Cheek comments section below. The aim is to build an overview by firm (London or regions), department, class year, and salary (base plus bonus for the latest financial year).

48 Comments

Anonymous

9PQE at Ashurst – £190,500. Thinking of moving to a US firm for the big bucks though.

US lev chinner

That’s interesting. A recruiter reached out to me (6PQE) for an Ashurst job and said it would be 155k plus 25% bonus, which I thought was wildly low considering the quality and time expectations at Lashurst.

Come join us in the Cravath world. I’m paid double the salary that said Ashurst offers.

Information sharer

The recruiter lied – as a lifer I can confirm Ashurst doesn’t pay 25% bonus unless you had a full on year (~2200+ hours).

olgoi

The £155k for 6PQE sounds about right.

Just make sure to avoid the Corporate Transactions team, it’s a toxic revolving door spinning at 1000rpm.

Big Law Bad Boy (was Bombay)

What is there to think about?!?!

SH NQ

Stephenson Harwood bunching is so so bad! 4PQEs are being paid only 5-10k more than NQs, and still below all of the silver circle NQs let alone MC/US firms. The firm seems to pump all of its cash into hiring new partners instead of retaining and promoting internally, and it’s making the firm lose its best junior talent. The churn of junior associates over the past couple of years has been incredible.

Up north

Do you still have that 80% work remotely anywhere scheme?

Sh nq increase?!

6PQE

DLA – 6PQE between £143 – £155 but it varies massively from team to team. I’ve heard of people being on more than that. Still, outrageous bunching, given that NQ salary is at £130 at the moment.

Anonymous

If you don’t mind me asking, what keeps you from moving to a firm with less bunching? Is it DLA’s billing targets (compared to other firms), or maybe in a practice area which other firms don’t have large teams for?

Anonymous

Do DLA offer bonuses/how much are they?

SPB 6PQE

SPB – 6PQE – £132K lol ☠️

+ terrible bns. Nothing for hitting 1,600 target. 1% of base salary for every 16 hours over 1,600 hrs.

DoorKnob

That’s not bad mate. OC 5PQE on £110k with zero bonus this year as per.

People keep jumping ship left right and centre.

Papa don’t preach

Bakers anyone?

Underpaid BM senior working MC hours

7pqe – 168k…

CC 5PQE

CC 5PQE – £185,000
4PQE was £175,000 plus bonus of £70,000

US mid associate

US Firm base is £283k at 4pqe.

not true

that’s not true, 4PQE is USD 310 / what ever spot rate the firm gives. mostly around 235-250 depending on firm. this is true at K&E, LW, etc.

i think exception is Goodwin who randomly pay more at each band.

Big Law Bad Boy (was Bombay)

4th year on the Cravath scale doesn’t equate to 4PQE.

I’m a September 2021 qualifier (so 3pqe currently) and am on the 4th year Cravath scale (USD 310 plus bonus) because my qualification year is 2021. Admittedly, from September to December I will be 4pqe and paid the same but come January I will be on year 5 Cravath at circa £280k plus bonus whilst still being 4pqe until September 2026.

ok, but that's still misleading.

it only really benefits you like that if you’re a sept qualifier. I’m march 2021 but 4 PQE / 2021 class year currently. move up a class year in Jan while i’m still 4 PQE until march… but it doesn’t really imply that i’m an entire class year ahead which the original post does.

Hm

Stacks up pretty favourably post-bonus.

Anonymous

Macfarlanes anyone?

Anonymous

Anyone at HSF Kramer?

AkinChump

Akin 4PQE a hair over £300k total, can’t be too specific as bonus amounts are fairly tailored.

Anonymous

Shoosmiths (London) 5 PQE = £102,500 (with NQ salary at £97k)

Anonymouse

Did you start at Shoosmiths as an NQ? What was the salary then?

anon

Anyone at Clyde &Co?

White & Case

£200,000 at 2PQE. This is roughly the same as in the US, possibly a bit more depending on what the exchange rate is right now. After this it becomes team-based and ‘discretionary,’ which is annoyingly un-transparent.

Anonymous

What are your bonuses?

Unknown

Anyone have any responses for firms outside of london? I’m thinking if it’s a 50K nq salary what’s a 2/4/6 pqe earning?

Not all of us are good enough for these triple didgies

Anon

Snr Assoc (7PQE) – Regions – £75k

IncomingTrainee

Anyone at Freshfields? Thanks

Sharing is caring

FF 7PQE – £205,000. Bonus 40% if 1,800 billables and subject to reasonable BD contribution.

AV

Anyone who can guide for salary brackets at Irwin Mitchell (London) for a Legal Director position? Also, for PQE 7 to 8 years.

Bbcedlaw

LW 6pqe – 300k base, c.100k bonus depending on reviews etc. next year c.325000 base

HL meh

HL – £155k at 3.5 PQE, c. £30k bonus

dfjdkjfsl

Anyone know Slaughters?

Bristol 8yrs pqe

£95k base, about a 10% bonus for doing 1,400 hours. The maximum is 25-30% for 1,800 – 2,100 (I’d work in London if I was putting those hours in each year).

Anonymouse

Do you mind sharing which firm?

toiler

This has got to be OC or Burges Salmon.

Kirkland NQ

The ‘land. Enough to bankrupt a small Eastern European nation.

Slaughters 4PQE

Slaughters 4PQE – £191,000 (plus two pitiful bonuses paid in June and December)

slash

Is 191 including the bonuses?

Hello

Ropes ??

US Firms - Deets

Any data on top US shops? Base and bonus? Likes of K&E, P,W, Milbank, Gibson, Weil

Anonymous

TS anyone?

Linked Laters

Approx. £220,000 base + £120,000 bonus. PE team

anon

Skadden?

Join the conversation

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