Bird & Bird hikes NQ pay 9% to £60k
Bird & Bird has defied predictions that City firms are set to avoid major pay hikes this year after unveiling substantial pay rises for its junior lawyers and trainees. Newly-qualified solicitors (NQs) at the top 30 UK firm will see their salaries rise from £55,000 to £60,000 - an increase of 9%.
May 01, 2008 at 11:48 AM
4 minute read
The original version of this story was published on Law.com
Newly-qualified solicitors (NQs) at the top 30 UK firm will see their salaries rise from £55,000 to £60,000 - an increase of 9%.
Bird & Bird has confirmed increases across all its associate pay bands, although first-year trainees will pocket the largest increase, with their pay rising by more than 19% to £37,000, up from a previous mark of £31,000.
The firm's second-year trainees also benefit from a double-digit increase, rising by more than 14% to £40,000, up from £35,000.
Commenting on the trainee rises, a spokesperson for the firm said: "We know that once people have spent any time within the firm they want to stay but we appreciate the financial strain many students are under and felt this rise would enhance our ability to attract the very best."
The news comes with most UK firms adopting a cautious stance to associate pay rises, with top 10 City firm Herbert Smith yesterday (30 April) announcing that it was freezing its pay for junior lawyers at 2007 levels.
Magic circle giant Linklaters, meanwhile, announced a rise of around 4% for its NQs, who will now pocket £66,600.
Stay up to speed with all the latest salary changes with the Legal Week Wiki pay league.
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Newly-qualified solicitors (NQs) at the top 30 UK firm will see their salaries rise from £55,000 to £60,000 - an increase of 9%.
The firm's second-year trainees also benefit from a double-digit increase, rising by more than 14% to £40,000, up from £35,000.
Commenting on the trainee rises, a spokesperson for the firm said: "We know that once people have spent any time within the firm they want to stay but we appreciate the financial strain many students are under and felt this rise would enhance our ability to attract the very best."
The news comes with most UK firms adopting a cautious stance to associate pay rises, with top 10 City firm
Magic circle giant
Stay up to speed with all the latest salary changes with the Legal Week Wiki pay league.
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