Halliwells has become the latest national practice to unveil substantial salary hikes for its newly-qualified lawyers (NQs), Legal Week can reveal today (16 July).
NQs at the top 40 UK law firm’s City arm will now take home £62,000 - representing a 22% increase on the £51,000 paid out to London NQs last term.
Under the new salary bandings, which took effect from 1 July, junior lawyers at the firm’s regional offices in Manchester and Liverpool will now pocket £39,000 - a rise of 11% from £35,000 last year.
The new rates bring Halliwells broadly into line with national rivals after Addleshaw Goddard last month broke the symbolic £40,000 mark for junior lawyers outside London, as revealed by Legal Week (7 June).
That move was swiftly followed by Pinsent Masons and Wragge & Co, which both unveiled £40,000 salaries for NQ lawyers in the regions.
Earlier this month, Hammonds became the fourth major national firm to reach the new benchmark of £40,000 for NQs outside the capital, while Eversheds set its NQ rates outside London at £39,000.
The unprecedented pay-hikes comes with firms outside London wrestling with the prospect of losing the best young lawyers to big-spending City counterparts.
Have your say on the regional pay war with the Legal Week Wiki salary special.
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