Ropes & Gray Lifts NQ Pay to £130K
The London office joins the raft of firms lifting salaries across the City.
February 13, 2020 at 06:08 AM
2 minute read
Ropes & Gray is the latest firm to boost the salaries of its newly-qualified (NQ) lawyers in London, the firm has announced.
New associates at the firm can now expect to receive an extra £10,000, taking home £130,000. NQs are also eligible for a discretionary bonus on top of their salaries.
The pay increase comes almost a year after London firms confronted an NQ pay war in a bid to attract and retain junior talent, triggered by Magic Circle firm Freshfields Bruckhaus Deringer, which raised its NQ pay to £100,000, joining a U.S.-led trend of lifting NQ pay into the six-figures.
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