Trainees additionally handed will increase
Slaughter and May has upped the salaries of its newly certified (NQ) solicitors, after opting to chop pay final summer season in response to the pandemic. However in the present day’s contemporary uplifts fall wanting the agency’s pre-COVID pay degree.
The magic circle participant introduced NQ pay will now complete £90,500, up £3,500 (or 4%) from £87,000. Final spring, Legal Cheek reported that Slaughters had lowered the bottom charge of NQs, from £92,000 to £87,000, to curb the monetary influence of the pandemic.
The agency additionally confirmed that from March, trainees will earn a wage of £47,000 in 12 months one, rising to £52,500 in 12 months two. Rookie pay at present sits at £45,000 and £51,000 respectively.
The wage uplifts come simply months after the Bunhill Row participant upped bonuses for associates — 2% greater than the earlier 12 months — in recognition of their efforts throughout the pandemic. It additionally reinstated the companion distributions it suspended in April.