Squire Patton Boggs bumps NQ rates to £100k from January 2023

£65k within the areas

Ohio-headquartered Squire Patton Boggs has revealed it’s going to enhance the salaries of its newly certified (NQ) solicitors in London to £100,000.

The enhance of £5,000 equates to an additional 5% for its beginner associates.

Efficient from January 2023, the Authorized Cheek Corporations Most Listing exhibits the transfer will ultimately put its London NQs on the identical money as their equivalents at Macfarlanes, Simmons & Simmons and Travers Smith.

In the meantime, NQs within the agency’s regional places of work — Birmingham, Leeds, and Manchester — can even see their salaries rise a hefty 18% from £55,000 to £65,000.

In February, the worldwide outfit elevated pay to £95,000 and £55,000 for London and regional NQs, respectively. This adopted uplifts to trainee salaries throughout its UK places of work the month earlier than. This enhance put London trainees on £47,000 of their first 12 months and £50,000 of their second 12 months, whereas their friends within the areas earn £30,000 and £33,000.

Squires has additionally confirmed 21 of its 23 trainees obtained everlasting roles on the agency, giving the agency an annual retention rating of 91%. They’ve certified into a variety of observe areas together with company, monetary companies, mental property & expertise, worldwide dispute decision, litigation, competitors, information privateness & cybersecurity, environmental security & well being, actual property, labour & employment, and tax.

Giles Chesher, the agency’s coaching principal commented:

“We are committed to providing competitive pay and distinguishing ourselves with a culture that places the highest value on people’s development and well-being. This is reflected by our ability to retain almost all of our trainees, with everyone who applied receiving a permanent role at the firm.”

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