Nabarro has defended its decision to freeze the salaries of its trainees, newly-qualified (NQ) lawyers and those with one to two years post-qualification experience (PQE), promising that those who shine at any level will receive a 5% increase on their salary and benefit from the firm’s generous bonus scheme.
The top 30 City firm on Friday (21 June) increased median pay bands for associates with over three years PQE. Associates with three to four years PQE have seen their salaries increase by 2% from £74,500 to £76,000, while four to five year PQE lawyers will receive a raise of 3% from £77,750 to £80,000. However, first seat trainees will continue to be paid £37,000 and NQs £59,000, while one and two year PQE lawyers will remain on £64,500 and £70,000 respectively.
