Trainee solicitor pay reaches £62.5k in the City

Davis Polk tops rookie remuneration desk

Trainee solicitor salaries have surpassed the £60,000 mark for the first time ever, Authorized Cheek can reveal, because of recent rises in the London workplace of US outfit Davis Polk & Wardwell.

The New York participant now sits at the very prime of the Authorized Cheek Corporations Most Checklist for rookie remuneration after upping yr two charges from £60,000 to £62,500.

The uplift places Davis Polk’s trainees simply forward of their counterparts at Kirkland & Ellis and Sullivan & Cromwell (each £60,000), and inside touching distance of some City corporations’ newly certified (NQ) associates.

The agency has additionally chucked additional money at its yr one trainees, transferring charges from £55,000 to £57,500. Salaries for newly certified associates at the moment sit at £147,500.

However you’ll face stiff competitors should you’re seeking to safe a coaching contract in the agency’s London workplace. Our Corporations Most Checklist exhibits Davis Polk offers simply 4 every year.

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