Magic circle company stresses wages remain under review
Linklaters has made the decision not to raise salaries for Newly Qualified Associates (NQs) – at this time.
In an email sent yesterday and seen by legal cheekthe magic circle player’s trainee development team informed rookies that a “decision had been made not to raise [NQ rates]» and to his knowledge, « there are no plans to reconsider this decision ».
But a company spokesperson said legal cheek“It is not correct that a decision has been taken regarding salaries. As communicated internally, we continue to review the position.
The news comes just two weeks later legal cheek revealed that the firm – which recruits around 100 interns each year, the highest number of interns in the city – has told its young lawyers that it will not be ‘rushing’ to match the salaries offered by some of its closest associates rivals, “without due consideration of the impact of any changes and the wider economic context”.
The 2022 legal cheek List of the most
Trainees are advised to “go directly to their group leader” and “ask if NQ salaries will be reviewed”. Leaders, according to the email, “will have more clout to take this to senior management.”
The legal cheek The 2022 list of most companies shows Linklaters and Allen & Overy are currently paying £107,500 to NQs, with the latter confirming earlier this month that it would not raise wages due to ‘tough’ economic conditions. Clifford Chance and Freshfields are both paying £125,000 after pay rises earlier this year, while Slaughter and May are offering their most junior lawyers a salary of £115,000 thanks to a raise in April.