Vinson & Elkins ups NQ lawyer salaries in London to £159,500

One other day, one other pay rise 💷

Vinson & Elkins is the newest US outfit to enhance the salaries of its legal professionals in London, with charges for newly certified (NQ) associates shifting to $215,000.

The Texas outfit, which recruits round six UK trainees annually, confirmed to Authorized Cheek that this equates to a wage in Sterling of £159,500. NQ pay beforehand stood at £153,300.

The transfer comes in the identical week we reported a trio of US corporations had upped base charges for Metropolis NQs. Gibson Dunn and Simpson Thacher moved salaries to £161,700 and £158,000 respectively, whereas juniors at Covington & Burling noticed their pay rise by 17% to £151,000.

V&E associates additional up the ladder have additionally been handed rises. Wage bands for these with one and two years publish qualification expertise (PQE) now sit at $225,000 and $250,000, whereas a 3 PQE lawyer will earn $295,000. The rises are backdated to 1 January 2022.

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