Regardless of COVID

The London workplace of US outfit Dechert has bumped the salaries of newly certified (NQ) attorneys regardless of the monetary uncertainty caused by the coronavirus pandemic.

The agency’s fresh-faced associates will now obtain a wage of £120,000, up 3% from £116,000. London trainee pay stays unchanged, with first years receiving £45,000 and second years £50,000.

The pay enhance follows selections by a number of high Metropolis gamers to chop junior lawyer pay in response to COVID-19, including four out of five members of the magic circle. Different outfits, in the meantime, have opted to freeze salaries.

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Authorized Cheek‘s Firms Most List exhibits the brand new £120,000 sum places Dechert’s NQs on a pay par with their friends at Covington Burling, Gibson Dunn, Orrick and Shearman and Sterling.

Authorized Cheek reported yesterday that the overwhelming majority (80%) of authorized employees count on a pay rise inside the subsequent yr, in response to analysis revealed by jobs web site CV-Library. Twenty % additionally stated they have been assured of bagging a promotion within the subsequent 12 months.