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.