MoneyLaw Archives - Legal Cheek

The story of how 25-year-old City lawyers came to earn £143,000 a year

A handy video explainer

Jul 11 2018 11:58am
60
Magic circle duo join the MoneyLaw madness

Allen & Overy and Linklaters latest to pay US newly qualified lawyers eye-watering figure that works out just shy of £150k

Jun 29 2018 10:22am
135
Latham & Watkins becomes latest firm to hike London junior solicitor pay to £143,000

US summer pay war continues to rock UK market

Jun 25 2018 2:09pm
58
Akin Gump ups London NQ pay to coveted £143,000

Follows moves by Kirkland & Ellis, Milbank and Simpson Thacher

Jun 25 2018 10:48am
54
Kirkland & Ellis ups London NQ salaries to £143,000

Follows moves by US players Milbank and Simpson Thacher

Jun 19 2018 10:03am
76
Quinn Emanuel ups London junior solicitor pay to £125,000 as US summer salary war rocks the City

Will others follow?

Jun 18 2018 4:46pm
77

It’s possible to get to a MoneyLaw US firm from a regional training contract after an ex-poly degree – I should know because I’ve done it

Don’t listen to anyone who tells you it’s impossible

Jun 8 2018 9:11am
53
MoneyLaw 2.0: US outfit Milbank ups London junior lawyer pay to £143,000

Will others follow?

Jun 5 2018 2:09pm
161
Akin Gump trainees will now earn £100,000 across their two-year training contract

Increases of 12% in first year and 8% in second year

Jul 10 2017 4:20pm
15
Cleary Gottlieb hikes London NQ pay by 14% to £120,000

‘MoneyLaw’ movement continues its assault on the City

Mar 6 2017 2:59pm
49
Kirkland & Ellis introduces salary cap after currency fluctuations saw London NQ dollar-pegged pay packets swell to over £140,000

Brexit and Trump makes for a volatile exchange rate

Feb 2 2017 2:27pm
9
It’s beginning to look a lot like Slaughter and May is calling a recession

Modest pay rise and work/life perks signal tough times ahead

Dec 16 2016 9:12am
35

K&L Gates bumps London-based junior lawyer salaries to £71,000

Trainees at the US headquartered outfit also handed fresh pay rises

Nov 3 2016 11:45am
22
Akin Gump’s London-based junior lawyers pocket nearly £150,000 thanks to dollar-pegged salaries

NQs cash in as pound plummets

Oct 28 2016 10:15am
31
Kirkland & Ellis London NQ dollar-pegged pay packets swell to over £140,000 as pound hits 31 year low

Brexit fears cause pound to tank

Oct 4 2016 2:24pm
53
Poor Kirkland & Ellis associate ripped to shreds by judge who wanted to speak to a partner instead

“I think it’s outrageous, irresponsible and insulting”

Sep 27 2016 10:05am
19
Weil Gotshal boosts newly qualified solicitor pay to £115,000

More MoneyLaw madness

Sep 9 2016 10:56am
58
Cleary Gottlieb boosts pay for newly qualified solicitors to £105,000

MoneyLaw but on a more modest scale

Sep 6 2016 10:28am
60

Dechert hikes newly qualified salaries by 22% to £90,000

City outfit Watson Farley & Williams also bumps junior lawyer pay to £68,000

Sep 5 2016 9:30am
18
Legal Cheek talks… the big stories of the summer

Katie King and Tom Connelly reflect on the last few months of mental news stories

Sep 2 2016 4:44pm
19
Sidley Austin hikes London junior lawyer pay by 33% to £120,000

‘MoneyLaw’ movement continues to rock the City

Aug 30 2016 4:49pm
79
Eddie Redmayne cast as partner of top US law firm in next film

Hollywood heartthrob set to play namesake partner of Cravath, Swaine & Moore

Aug 17 2016 11:59am
13
Rise of the barista: 20% of employed law graduates work in retail, bars or catering

What Suits lifestyle?

Aug 2 2016 9:13am
31
What Brexit? Herbert Smith Freehills boosts pay for newly qualified solicitors to £90,000

Trainee salaries also rise at London office of global giant

Jul 1 2016 1:58pm
12