World agency trimmed salaries in London and Birmingham earlier this summer season
Hogan Lovells has reinstated full salaries for its newly certified (NQ) legal professionals, after it reduce pay earlier this summer season within the wake of the coronavirus pandemic.
NQ associates within the international agency’s London and Birmingham places of work will return to a base charge of £90,000 and £48,000 respectively. In June, Legal Cheek revealed pay packets had been trimmed to £85,000 and £46,000 in response to the “challenges and uncertainties” offered by COVID-19.
The agency’s 12 months two London rookies, who have been held on a 12 months one pay degree of £46,000, will now transfer as much as their 12 months two wage of £51,000. This will likely be backdated to the August seat transfer, Hogan Lovells confirmed.
“Earlier this 12 months, we took measures to handle our enterprise in response to the challenges and uncertainties of the COVID-19 disaster,” a spokesperson for the agency stated. “This included suspending UK wage and discretionary bonus critiques for legal professionals till later within the 12 months, and reviewing UK trainee and newly certified (NQ) salaries.”
They continued: “We now have now carried out the delayed wage and discretionary bonus assessment for our legal professionals and informed them the result of the assessment earlier this month. These compensation changes have been paid in October, and backdated to 1 Might 2020.”
Hogan Lovells additionally confirmed a wage and bonus assessment for enterprise companies workers will comply with later this month.
Legal Cheek reported in September that the agency had reversed an identical discount to US affiliate salaries earlier this summer season.