Six TCs on provide at each corporations in 2023
New York-headquartered duo Willkie Farr & Gallagher and Davis Polk & Wardwell have confirmed will increase to their London training contract choices.
The boost signifies that Willkie, which took on simply three trainees in 2021, is now providing 5 training contracts in September 2022 and six in 2023.
The agency hiked salaries for trainees to £55,000 in yr one and £60,000 in yr two in January. On the similar time it confirmed salaries for its newly certified (NQ) solicitors would transfer to a hefty £145,000.
In the meantime, Davis Polk has confirmed it would enhance its rookie ranks from 4 to 6 in August 2023.
Final month the outfit raised yr one trainee pay to £60,000, rising to £65,000 in yr two. The agency additionally boosted its NQ base pay to an eye-watering £160,000.
A have a look at our Companies Most Listing 2022 exhibits that the London workplaces of US corporations historically have a lot smaller trainee intakes in comparison with their UK headquartered counterparts. Most US corporations have UK training contract choices in the only figures, whereas the 5 magic circle corporations recruit a mixed 445 trainees annually.