Pay War Reaches Mid-Market as Stephenson Harwood Raises NQ Salaries
The firm is the latest to increase its salaries amid the NQ pay war.
July 11, 2019 at 05:06 AM
1 minute read
Stephenson Harwood is set to raise its newly qualified lawyer pay by about 3% to hit £75,000, in a sign the pay war is also affecting the industry's mid-market.
The firm confirmed the new salary figure – which does not include performance bonuses – in a move that follows mid-market rival Pinsent Masons, which announced it was raising its NQ pay by 4% last month.
It is the latest NQ pay rise announcement in the current NQ pay wars, started by Freshfields in May. Since then, all Magic Circle firms followed, and mid-tier law firms have recently started making a move to compete in the pay war.
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