City pay war: Clifford Chance responds with improved £125k NQ lawyer rate

Additional 16%

Clifford Chance’s London workplace

Clifford Chance has joined the magic circle pay battle, upping charges for newly certified associates to £125,000.

The money injection equates to a hefty rise of 16% or £17,500, with base charges beforehand set at £107,500. The agency final elevated NQ pay in November.

The brand new rate takes impact subsequent 12 months.

The revised wage sees CC match that already on supply at Freshfields (£125,000) and surpass the £107,500 dished out by Allen & Overy and Linklaters. NQ charges at Slaughter and Might at the moment sit at £115,000.

The Authorized Cheek Corporations Most Checklist 2022 exhibits CC supplies round 95 TCs yearly, one of many highest choices by any City outfit, with a wage of £50,000 in 12 months one, rising to £55,000 in 12 months two.

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