White & Case Boosts Trainee Salaries as Pay War Intensifies
The changes are the latest as firms move to raise their rates.
June 11, 2019 at 06:29 AM
2 minute read
White & Case has increased its London trainee pay, as the salary war among firms ramps up.
The U.S. firm has boosted salaries for its U.K. first-year trainees by £2,000, from £46,000 to £48,000, while second-year trainees will now take home £53,000, up from £50,000.
The changes come as Magic Circle and U.S. firms boost pay for associates in a bid to remain competitive in the market.
Yesterday (10 June), Clifford Chance increased its newly qualified (NQ) lawyer pay to £100,000, after Freshfields Bruckhaus Deringer made the same move last month.
Ropes & Gray kicked off the season when it announced pay increases for associates back in February, raising its NQ salary by £5,000 to hit £120,000. U.S. rival Shearman & Sterling matched that figure last month.
Some U.S. firms in the City already pay above that rate, including Skadden Arps Slate Meagher & Flom, which has been paying its London NQs £133,000 since last August.
Pay for trainees at Skadden also increased, with first-years now taking home £50,000 and second-years taking home £55,000.
White & Case is yet to announce any changes to its associate pay this year.
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