Lawyer salary

Weil, HFW Final Salary for a Junior Solicitor in the UK

Weil Gotshal & Manges and HFW are the latest law firms to raise the salaries of their newly qualified (NQ) solicitors in the UK

Weil, headquartered in the US, has raised his NQ salary in London from £145,000 to £150,000, a company spokesperson confirmed on Thursday.

The new rate currently puts it slightly behind several US competitors, including Simpson Thacher & Bartlett, Gibson Dunn & Crutcher and Covington & Burling, all of which have raised their rates above £150,000 in recent weeks.

Meanwhile, HFW will pay its NQs a base rate of £85,000 from July, a company spokesperson said on Thursday. The increase is a rise of more than 15%, from £73,500.

The company will also give certain NQs a one-time bonus of up to £10,000, payable this month, to ‘recognize good performance’ in the most recent financial year, the spokesperson added.

This bonus offer is in addition to HFW’s annual performance related bonus system.

The increase in the company’s base puts it slightly behind several international companies with a significant presence in the UK, including Addleshaw Goddard and Pinsent Masons, who recently raised their NQ rates to £95,000 and £92,000 respectively.

Several major law firms have recently increased NQ’s salary, as pressure mounts on firms seeking to recruit top junior talent.

Freshfields Bruckhaus Deringer set a new rate for elite UK businesses with its increase to an NQ base rate of £125,000 in early April.

Meanwhile, NQs at rivals Allen & Overy and Linklaters can earn more in total compensation when considering discretionary bonuses.

A&O, Linklaters, Slaughter and May and Clifford Chance have all raised their base rates over the past six months after launching the latest iteration of the industry’s fight for talent.