Potential to earn £145k+ with bonus
Worldwide outfit Hogan Lovells has elevated the salaries of its most junior attorneys in London.
The agency confirmed base charges for its newly certified (NQ) associates will transfer from £100,000 to £107,500 — an additional 7.5%.
As a part of the rise, efficient from 1 Might 2022, NQs may even be eligible for efficiency associated bonuses of as much as 35%. This offers the agency’s rookies potential earnings of as much as £145,125.
Our 2022 Corporations Most Listing exhibits that this places NQs on the identical base rate as their counterparts at magic circle companies Allen & Overy, Clifford Probability, Linklaters and Slaughter and Might.
Final yr Hogan Lovells elevated NQ pay to £90,000, having briefly reduce it to £85,000 in response to the “challenges and uncertainties” introduced by the Covid-19 pandemic.
Final Friday Freshfields set down the marker for magic circle rivals when it elevated NQ pay to £125,000, whereas Addleshaw Goddard this week raised salaries to £95,000.