Money focus: What law firms pay their newly qualified lawyers

Money focus: What law firms pay their newly qualified lawyers

Whether you’re interested in the worthwhile salaries available in US law firms’ London offices or the less substantial earnings available at regional players offering a better work-life balance which is much comprehensive rundown has you covered.

According to the latest figures, firms have increased the NQ salary amount by an average of 4% over the past year. The increase is despite Legal Cheek’s report that junior lawyers in the City and beyond are experiencing a decrease in their average working hours, as a result of reduced demand for legal services in various practice areas.

The usual suspects – a group of US firms – are the ones to dominate this year. Juniors can expect to receive upwards of £170,000 at the top five firms despite working over 12 hours days in the office.

According to the survey of 100+ firms, there was a slight increase in payment over the past 12 years. The Linklaters and Allen & Overy came up with the biggest among all others with a 16% pay hike from £107,500 a year to £125,000.

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