Dechert boosts trainee salaries to £50k and £55k

Rises of up to 11% 💷

Dechert has boosted the salaries of its trainees as regulation corporations throughout the Metropolis proceed to splash money in a bid to entice and retain the perfect junior lawyer expertise.

The US outfit confirmed 12 months one charges in London now sit at £50,000, up 11% from £45,000, whereas 12 months two trainees are in line to obtain £55,000, a ten% uplift from £55,000. Pay for newly certified (NQ) solicitors presently sits at £125,000.

The Authorized Cheek Corporations Most Listing 2022 exhibits right now’s money injection places Dechert’s trainees on par with their counterparts at a raft of elite US and magic circle regulation corporations.

You’ll face stiff competitors if you happen to’re trying to safe a spot at Dechert — it affords simply ten TCs annually — however count on good issues when you’ve obtained a foot within the door. It chalked up a formidable A* for coaching in our newest Trainee and Junior Lawyer Survey, in addition to As for high quality of labor and peer assist, amongst others.

However rookie bragging rights, when it comes to cash phrases anyway, go to these over within the London workplaces of Davis Polk and Cleary Gottlieb, who each shot to the highest of the trainee pay desk this month with improved charges of £57,500 in 12 months one and £62,500 in 12 months two.

Eager to discover out extra about life on the agency or a life in regulation extra usually? Why not enroll to the Authorized Cheek UK Digital Legislation Truthful on 4 November 2021. It takes place on Thursday 4 November, between 2-5pm, and options 70 regulation corporations, together with all of the magic circle and main US corporations’ London workplaces, worldwide corporations, and nationwide corporations throughout the UK.

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