Lawyer salary

Good time to be a junior lawyer, right?

A recruiter recently told me it was “a great time to be a junior lawyer.” He received daily requests from in-house attorneys seeking a return to private practice to claim their share of the lucrative pie. Then this week Fried Frank Harris Shriver & Jacobson became the latest to announce it was raising its London […]

Lawyer salary

Dechert and Fried Frank raise salaries for junior lawyers in London

£140,000 and £160,000 Dechert and Fried Frank have become the latest US law firms to raise the already impressive salaries of their young lawyers in London. Rates for newly qualified Dechert associates have risen from £125,000 to £140,000, an impressive increase of £15,000 or 12%. The move comes around four months after the company, which […]

Lawyer salary

Salary for NQ barrister at Eversheds rises to £95,000

Regional fares up nearly a quarter to £62,000 Eversheds Sutherland has become the latest major player in the city to raise the salaries of its newly qualified associates in London to £95,000. The move, confirmed yesterday, equates to a significant 16% increase from £82,000. It follows similar moves in recent days by Squire Patton Boggs […]

Lawyer salary

Wage rise for junior lawyers ‘just a band-aid’, warns Sir Nigel Knowles

DWF chief calls on law firms to find better incentives to retain talent Great legal statesman Sir Nigel Knowles has warned against City law firms offering junior lawyers ‘huge’ starting salaries and instead finding better ways to incentivize them or risk losing them to more “enlightened” industries. In a letter to FinancialTimesDWF’s CEO said: “Offering […]

Lawyer salary

DLA raises pay for NQ lawyers: 95,000 in London, 65,000 in the regions

Up 8% and 35% DLA Piper has become the latest major legal player to raise the salaries of its most junior lawyers. The international giant has raised base rates for Newly Qualified (NQ) Associates in London from £88,000 to £95,000, an increase of 8%. Meanwhile, NQs in the company’s regional offices – Birmingham, Leeds, Liverpool, […]

Lawyer salary

Julien Martinet – the French lawyer who poached a whole team of Hogan Lovells

Friday 04 February 2022 16:03 Julien Martinet made headlines this week by leaving Hogan Lovells, one of the world’s largest law firms, to start his own specialist lawyer, Swift Litigation – and taking his entire team of lawyers with him. Martinet’s departure from Hogan Lovell came after former Boies Schiller Flexner partner Natasha Harrison left […]

Lawyer salary

Salaries for £150,000 junior barristers are ‘out of control’, warns senior solicitor-general

Network Rail’s senior solicitor Dan Kayne urges the profession to find new ways to retain talent before young associates are hurt One of the country’s top in-house lawyers has criticized the “tempting” sums of money being handed out to some Newly Qualified (NQ) associates. Dan Kayne, Network Rail’s general counsel, said salaries of up to […]

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Milbank restarts wage war – raises London NQ lawyers’ fees to $215,000

That’s nearly £160,000 😲 Just as it looked like the pay war sweeping the city was finally easing, US law firm Milbank left and threw even more money at its already appointed junior attorneys. The New York-based company announced yesterday that rates for its Newly Qualified (NQ) associates will be increased from $205,000 to $215,000, […]

Lawyer salary

Clydes and Fieldfisher raise salaries for junior lawyers

£80,000 and £85,000 Clyde & Co and Fieldfisher have raised the salaries of their Newly Qualified (NQ) solicitors in London to £80,000 and £85,000 respectively. Clydes’ new rate comes into effect this month and marks a 14% increase on the £70,000 previously awarded to solicitors after qualification. It also means that NQs in the company […]

Lawyer salary

NQ barrister salary at Mayer Brown hits £105,000

Rise for rookies too Mayer Brown increased pay for its most junior associates, with Newly Qualified (NQ) solicitors in London now earning six-figure salaries. The international team have increased the base salary of City NQs by around 11%, from £90,000 to £105,000. The increases took effect on January 1, 2022. The recent boost puts the […]

Lawyer salary

Travers Smith raises NQ lawyer salary to £ 100,000

Increases for interns and other associated ranks Travers Smith has increased the compensation of his junior lawyers, with newly qualified (NQ) lawyers now earning six-figure salaries. The firm has confirmed Play legal this base salary for NQs in the London office has increased by around 11% from £ 90,000 to £ 100,000 on 1 January […]

Lawyer salary

The Global Lawyer: Why the war for talent is different in Europe

Last week I hosted a webinar with legal industry experts from across Europe and the week before I helped chair a discussion between heads of top independent European law firms. In both cases, a subject of debate was particularly lively: the war for talent. The continental European market is not the only one fighting this […]

Lawyer salary

Norton Rose Fulbright joins junior solicitor pay war with pay rise to £95,000

monday 08 november 2021 11h59 Norton Rose Fulbright will increase pay for newly qualified lawyers by 12% as it joins demand for new legal talent, reports say. The law firm has announced a new “compensation strategy” which rewards new junior barristers with an additional £10,000 a year, taking their annual salary to £95,000, according to […]

Lawyer salary

Ropes & Gray raises salaries for new lawyers to £147,000

Friday 05 November 2021 09:29 Ropes & Gray has raised the salaries of newly qualified lawyers in London by 13% as the bidding war for legal talent intensifies. Newly qualified lawyers from the US law firm’s London offices will now win £147,000 – with their bonus added on top – marking a sharp increase from […]