Boosts of up to 20% throughout all PQE ranges too
Slaughter and Might has boosted newly certified (NQ) solicitor pay by nearly 7% to £115,000, turning into the second magic circle outfit to enhance this month.
The agency right now confirmed that NQ base rates have moved from £107,500 to £115,000, efficient from Might 2022. The agency final elevated its remuneration for juniors in December.
There are additionally uplifts for associates in any respect ranges of publish qualification expertise (PQE) by up to 20%. Slaughters says these strikes have been made to deal with the compression inside PQE ranges — in any other case referred to as wage bunching — by making a wider unfold between the highest and backside PQE ranges.
These adjustments have all been made as a part of a wider evaluation following suggestions from associates throughout all PQE ranges, the agency stated.
Steve Cooke, Slaughters senior accomplice, commented:
“I am very pleased to be able to update associates today on the outcome of this review and the feedback they have shared. By raising salaries significantly, putting forward some concrete proposals in relation to work life balance, and strengthening support for career development, we are recognising the importance of our associates at all levels”.
However the contemporary rises fail to match these dished out earlier this month by Freshfields, which upped NQ rates from £100,000 to £125,000 — or 25%.