Travers Smith matches Slaughters associate base pay as indies beat Brexit woes to lift salaries Legal Business8 July 2016PayAssociates Despite post-Brexit referendum market turbulence, independent firms Travers Smith and Macfarlanes have both elevated their newly-qualified (NQ) pay levels, with the former matching Slaughter and May’s newly-qualified pay level of £71,500.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 categoryDarrois, BDGS and Macfarlanes in the frame for L’Oréal’s €4bn Kering beauty dealRevolving Doors: Cleary launches London real estate arm as Simmons bulks up pensions teamRevolving Doors: Proskauer, Mayer Brown and Pinsents hire in PE as A&O Shearman loses German arbitration head‘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 $225kSlaughter and May matches magic circle peers with NQ pay hike to £150kThe new £150k benchmark for Magic Circle associates – ‘rewarding the best’, or ‘slightly alarming’?Comment: Why giving associates exposure to clients could be a win-win scenario