Salaries greater than double to £145.5k upon qualification
The London workplace of US legislation agency Fried Frank has upped trainee lawyer pay by as a lot as 22%.
The New York-headquartered agency, which provides simply three UK coaching contracts every year, confirmed first 12 months trainees will now obtain a wage of £55,000, up 22% from £45,000, whereas these of their second 12 months will earn £60,000, up 20% from £50,000.
Upon qualification, rookie salaries greater than double to £145,500.
The Authorized Cheek 2022 Corporations Most Checklist reveals that the contemporary uplift places Fried Frank’s trainees on the identical ranges of money as these at Kirkland & Ellis and Sullivan & Cromwell, and barely forward of their counterparts at Jones Day (£52,000 and £59,000).
A raft of high companies have elevated the salaries of their trainees in latest weeks.
Akin Gump and Ropes & Grey bumped salaries to £57,500 in 12 months one and £62,500 in 12 months two, uplifts of as a lot as 15%. The rises match these launched at Cleary Gottlieb and Davis Polk. White & Case, in the meantime, boosted rookie remuneration to £52,000 (up from £50,000) and £57,000 (up from £55,000).
Eager to discover out extra about life on the agency or a life in legislation extra typically? Why not join to the December Authorized Cheek UK Digital Regulation Truthful 2021. It takes place on Thursday 2 December, between 2-5pm, and options 70 legislation companies, together with all of the magic circle and main US companies’ London places of work, worldwide companies, and nationwide companies throughout the UK.