Shearman maintains NQ salary gap with Magic Circle as pay rises 6% to £88,000 while trainees get 15% boost Legal Business27 May 2015PaySalaries The first US firm to release its London salaries for the new financial year, Shearman & Sterling has maintained the salary gap it holds over Magic Circle rivals, offering newly-qualified lawyers (NQs) £88,000 a year, £5,000 more than in 2014.Your limit of 1 article in 30 days is up. Please login for full access or subscribe. Corporate users - click here for simple access (no password needed). For more information, please contact [email protected] Related ContentMore in this categoryBaker McKenzie, HSF Kramer and Dentons among big winners in new Legal 500 APAC rankingsAshurst, Linklaters and Clifford Chance ramp up capital contributions as LLPs highlight CC’s CEE spin-offWeil and A&O Shearman lead on $260bn mining megadeal‘Setting ourselves up for the future’ – McDermott ups London trainee pay to £70kSlaughter and May matches magic circle peers with NQ pay hike to £150k‘At the top of UK associate compensation’ – McDermott hikes London NQ pay to $225k‘After Lehman collapsed, salaries still went up’: Magic Circle NQ pay rises as market coolsTime for a reality check on salaries‘US firms have more buying power’ – Allen & Overy tight-lipped as partnership ushers in lockstep reform