Under the terms of the new scheme, which will be rolled out from September, trainees will be eligible for a £2,500 hand-out if they record 2,000 hours in each of their two years prior to qualification.
Other criteria will also be considered if trainees fall short on hours. Activities such as involvement in product or business development, creating positive publicity for the firm and working unsociable hours will also be factored in to the allocation process.
The scheme is overseen by Pinsents human resources director Jonathan Bond.
Commenting on the initiative, Bond said: “We have been upgrading the bonus criteria and are just making sure that trainees can get a bonus like the rest of the firm.”
In 2007 Pinsents revised its pay-bands for junior lawyers, with newly-qualified lawyers (NQs) in the City picking up a 19% pay-hike to earn £63,000. NQs at the firm’s regional offices in
Last month the firm announced that it was making up 17 lawyers to partner, growing the national firm’s total partnership to 301. The new appointments, which are effective from 1 May, fall just short of last year’s record total of 20 new partners.
