Norton Rose has increased its newly-qualified (NQ) salaries to £60,000 from £59,000 and raised the lowest-level bonus rate from 2.5% to 5%.
The top 10 City firm has opted to keep first-year trainee pay stable at £37,000 after reviewing salaries for this financial year, having increased trainee rates by 4% last year. Pay for the firm’s more experienced associates is linked to the firm’s merit-based model introduced three years ago.
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