Within days of Clifford Chance (CC) announcing its pay bands in the associate salary race to match Magic Circle peers, Freshfields Bruckhaus Deringer has decided to freeze salaries for junior lawyers at 2014’s levels.
CC matches peers in associate salary race – both Slaughters’ £70k NQs and Links’ 3 year PQE pay
Clifford Chance has revealed its 2015 pay bands for newly-qualified (NQ) lawyers, matching the £70,000 NQ rates of Slaughter and May while also meeting Linklaters’ higher salaries for those with two and three year post-qualified experience (PQE).
Shearman maintains NQ salary gap with Magic Circle as pay rises 6% to £88,000 while trainees get 15% boost
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.
Linklaters reveals NQ salaries of £68,500 – under Slaughters but tops it with 3 year PQE band
Linklaters has revealed its salary bands for junior lawyers in London with newly-qualifieds (NQs) receiving a £3,500 pay bump to £68,500 while those with three year post-qualified experience (PQE) had a 5% increase to £98,500.
£70,000 NQ salary: Hogan Lovells matches Slaughter and May as legal salary race reaches new heights
Hogan Lovells has bumped up the salaries of its newly qualified lawyers by £5,000 to £70,000 in a move that will see it again match the salary on offer at Magic Circle firm Slaughter and May.
‘We will continue to review and innovate in this area’: Baker & McKenzie overhauls pay structure in Europe and Asia
The world’s largest law firm, Baker & McKenzie, is set to overhaul its longstanding remuneration system in Europe and Asia, with a large percentage of pay set to be decided by the success of each region.
Baker & McKenzie overhauls pay structure in Europe and Asia
Larger regional pools to replace national pay by year end.
The world’s largest law firm, Baker & McKenzie, is set to overhaul its longstanding remuneration system in Europe and Asia, with a large percentage of pay set to be decided by the success of each region.
Continue reading “Baker & McKenzie overhauls pay structure in Europe and Asia”
News in Brief – November 2014
PWC LEGAL LOOKS FOR REGIONAL GROWTH
Addleshaw Goddard and DLA Piper veteran Neal Shepherd was recruited by PwC Legal to head a regional push out of its Manchester office. The accountancy giant is targeting the north of England, with Shepherd focusing on mid-market M&A and expanding the team into PwC business areas, including employment and pensions.
Salaries: Allen & Overy thaws out and increases trainee/associate pay
After having decided to freeze pay earlier this year, Allen & Overy (A&O) has decided to up trainee, junior and mid-associate level pay after reviewing the salary market at half year.
Continue reading “Salaries: Allen & Overy thaws out and increases trainee/associate pay”
Norton Rose Fulbright ups NQ salaries to Magic Circle levels
Top 10 Global 100 firm Norton Rose Fulbright (NRF) has elevated its newly-qualified (NQ) lawyer salaries to Magic Circle firm levels, putting it on a par with Linklaters and Slaughter and May. Continue reading “Norton Rose Fulbright ups NQ salaries to Magic Circle levels”