One fifth of London trainees paid less than Law Society’s recommended minimum

16% in areas

One fifth of rookie solicitors in London say they earn less than the Law Society’s prompt minimum wage, new analysis has discovered.

A survey undertaken by authorized recruiter Douglas Scott discovered that 20% of trainees within the capital have been being paid beneath the £22,794 set by Chancery Lane’s prime brass. This is similar proportion of trainees as 2021, though the typical shortfall elevated final 12 months from £2,816 to £2,914.

The wage scenario within the areas has “improved significantly”, in accordance with the recruiter, with 16% of trainees incomes less than the recommended minimum of £20,217, in comparison with 25% in 2021.

Researchers discovered that the typical trainee wage in London is available in at £34,930, barely up on the earlier 12 months’s determine of £32,190, whereas these within the areas have seen their common earnings enhance from £23,300 to £26,336.

The recent findings come as salaries throughout the Metropolis proceed to climb, with charges for newly certified associates surpassing £160k for the primary time. The Authorized Cheek Corporations Most Listing 2022 exhibits the very best 12 months one trainee wage at present obtainable is £60,000.

However whereas company pay hits report highs, many trainees working in less profitable areas of the legislation discover themselves struggling to make ends meet.

Jonathan Nolan, affiliate director at Douglas Scott, stated:

“The last 18 months or so, the demand for talent has resulted in salary increases across all practice areas and job types. Legal is no different from other business sectors in that respect. The main driver for the increase in pay for trainees living outside London is likely to be trickle down as opposed to altruism.”

He added: “Unfortunately, some of London’s law firms are failing to read the room, leaving many of its trainee solicitors living close to the breadline and I fear the next Law Society recommended increase, with inflation so high, will see many more fall below the threshold.”

The minimum remuneration stage a trainee receives had beforehand been enforceable by legislation. Nevertheless, amid a lot criticism, this was scrapped by the Solicitors Regulation Authority (SRA) in 2014.

Source link