Dechert raises UK NQ pay by 16% as Dentons and Addleshaws boost starting salaries by £5,000
Dechert to increase its newly-qualified rate to £110,000 as Dentons boosts pay to £75,000
August 21, 2018 at 07:04 AM
2 minute read
Dechert, Dentons and Addleshaw Goddard have become the latest law firms to boost UK associate salaries.
Dechert has raised salaries for newly qualified (NQ) lawyers by 16% from £95,000 to £110,000, while Dentons is set to raise its NQ rate from £70,000 to £75,000 from September this year – a 7% increase.
NQs at Addleshaws will see a 7.7% increase in pay, with the UK firm bumping up salaries from £65,000 to £70,000. This comes alongside a pay rise for trainees, who in their first year will now receive £39,500 – up from £38,000 – and £42,500 in year two, up from £41,000.
Dentons, meanwhile, is increasing trainee pay by £2,000 to £42,000 for first-years and £46,000 for second-years.
Dechert has opted to hold trainee pay steady at £45,000 for first-years and £50,000 for second-years.
This year's associate pay round has seen increasing divergence in rates. Latham & Watkins, Kirkland & Ellis, Fried Frank Harris Shriver & Jacobson and Akin Gump Strauss Hauer & Feld are among the US firms opting to match the pay scale initially set by Cravath Swaine & Moore, which puts the firms' most junior qualified lawyers on $190,000 (roughly £148,000 converted at today's rate, compared with £143,000 when the rises were initially announced).
In June, Quinn Emanuel set out its own UK pay scale after matching Cravath Swaine & Moore's rates for its US associates, with first-year associates receiving £125,000 a year and the class of 2010 receiving between £220,000-£245,000.
UK firms have been late confirming salary changes, which normally take effect from 1 May. Last week, Allen & Overy (A&O) confirmed salary increases for its NQ lawyers, with rates rising by roughly 2% to £83,000, while Clifford Chance raised its NQ rate by more than 4% to £91,000.
Freshfields, meanwhile, has raised its trainees' salaries to £45,000, a 5% increase on last year's salary of £43,000. Second-years can expect to take home £51,000, up more than 6% from £48,000.
Earlier this month, Taylor Wessing gave its NQs a £8,000 raise, taking their yearly pay to £71,000, while the month previous saw Herbert Smith Freehills offer NQs a base rate of £93,000 a year.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllAshurst Beijing Chief Representative Leaves for New York Boutique Sterlington
Baker McKenzie, Norton Rose & Other Top Litigators Foresee Rise in AI, Data & ESG Disputes
Axiom-Ince: SFO Charges Five, Including Former Head, Following Investigation
3 minute readSDT Upholds SLAPP Claim Against Osborne Clarke Partner Advising Nadhim Zahawi
3 minute readTrending Stories
- 1Call for Nominations: Elite Trial Lawyers 2025
- 2Senate Judiciary Dems Release Report on Supreme Court Ethics
- 3Senate Confirms Last 2 of Biden's California Judicial Nominees
- 4Morrison & Foerster Doles Out Year-End and Special Bonuses, Raises Base Compensation for Associates
- 5Tom Girardi to Surrender to Federal Authorities on Jan. 7
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250