Magic circle pay war: A&O matches Linklaters with £107.5k NQ lawyer salary

Trainee pay additionally up

Allen & Overy has upped the salaries of its newly certified legal professionals to £107,500 because the battle for junior lawyer expertise throughout the Metropolis continues.

The transfer equates to an additional £7,500 or 7.5%, and matches the rise introduced final month by magic circle rival Linklaters. The agency’s associates, like their counterparts at Hyperlinks, are eligible for discretionary bonuses on high of this improved six-figure sum.

A press release from A&O stated: “Following a review of the market, we are increasing our London-based lawyers’ salaries to ensure we continue to attract and retain the very best legal talent. The new salaries will be effective from 1 November 2021.”

The Authorized Cheek Companies Most Record exhibits A&O and Hyperlinks now sit on the high of magic circle pay desk, with Clifford Probability, Freshfields and Slaughter and Could offering a salary of £100k plus efficiency associated bonus — for now, anyway.

A&O, which gives round 85 coaching contracts annually, has additionally elevated trainee salaries to £50,000 in yr one and £55,000 in yr two. These had been beforehand pegged at £47,500 and £53,000, respectively.

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