The Legal Week Wiki pay round special sets out to produce the definitive list of which firm pays what in the City - and how. We'll keep track of all the pay-rises - but we still need your help to fill in the gaps.
If your firm isn't mentioned, we've got something wrong, you can fill in a gap - or you simply want to join the pay debate - click here to post your contribution.
New entries and updates:
- 28/8/08 - Regional firms unveil latest rates for NQs
- 30/7/08 - Eversheds freezes NQ pay in London and regions
- 30/6/08 - National firms unveil new NQ pay rates
- 30/6/08 - Macfarlanes boosts salaries for associate ranks
- 12/6/08 - BLP hikes NQ pay to £65,000
- 11/6/08 - U-turn as Olswang unveils surprise NQ pay hike
- 30/5/08 - Camerons boosts newly-qualified pay to £66k
- 19/5/08 - Four percent hike lifts Lovells NQs to £65k
- 16/5/08 - No raise for Norton Rose NQs but 25 climb scale
- 14/5/08 - White & Case nudges City salaries up 2%
- 12/5/08 - Olswang ups pay but NQ rate stays flat at £62k; BLP toes City line with 4% pay rise
- 9/05/08 - A&O avoids associate raises for 2008
- 8/05/08 - CC matches rivals with 4% associate pay-hike
- 6/05/08 - Freshfields follows Linklaters with £66k NQ rate
- 1/05/08 - Bird & Bird hikes NQ pay 9% to £60k
- 30/4/08 - Confident Linklaters lifts associate pay to £66k; Herbert Smith announces associate pay freeze
- 29/4/08 - Shearman hikes NQ pay by 7% to £80,000
- 24/4/08 - Firms to hold off on major pay hikes in wake of crunch
|
Firm |
Hours target or expectation |
Bonus |
City NQs |
1PQE |
2PQE |
3PQE |
Last updated |
|
1,450 |
Performance-based; recorded hours and other measures |
£64,000 |
£71,000-£76,000 |
£74,500-£81,500 |
£79,000-£87,500 |
| |
|
|
Performance-based; amount based on value of equity point |
£65,000 |
£71,500 |
£84,000 |
£92,500 |
||
|
1,500 plus |
Performance-based: recorded hours and other measures |
£64,000 |
£68,000 |
£78,000 |
£86,000 |
| |
|
1,500 |
Firm's financial performance with bonus for exceptional performers |
£63,500 |
£68,000 |
£78,000 |
£85,000 |
|
|
|
1,100 plus |
Performance-based; amount based on value of equity point |
£61,000 |
|
|
|
| |
|
1,440 plus |
Performance based with a strong focus on chargeable |
£50,000-£60,000 |
|
|
|
|
|
|
1,500 |
Performance-based; amount based on value of equity point |
£65,000 |
£70,000 |
£75,000 |
£82,000 |
||
|
|
|
£60,000 |
|
|
|
||
|
1,400 |
Based on the financial performance of the firm |
£41,000 |
£44,000 |
£50,000 |
£55,000 |
|
|
|
1,900 |
Performance-based; recorded hours and other measures |
£75,000 |
|
|
|
|
|
|
|
|
£92,000 |
£92,000 |
£97,000 |
£106,000 |
|
|
|
1,500 plus |
Performance-based, with a strong focus away from |
£48,000 |
£52,000 |
£57,000 |
£63,000 |
|
|
|
1,700 |
Up to 40% of salary, performance-based inc. hours and other measures |
£66,600 |
£68,700 |
£82,000 |
£89,500 |
||
|
1,100 plus |
Performance-based with a strong focus on |
£64,000 |
|
|
|
Six percent increases announced June '08 |
|
|
1,500 plus |
Firm's financial performance; performance-based with strong/exclusive focus on recorded hours |
£66,000 |
£66,000-£69,900 |
£66,500- £84,000 |
£72,800-£91,400 |
||
|
1,404 average |
Based on the financial performance of the firm |
£37,000-£41,000 |
|
|
|
| |
|
1,650-1,800 |
Performance-based with a strong/exclusive focus on |
£63,000- £72,500 |
£66,000-£80,000 |
£78,000-£90,000 |
£83,000-£100,000 |
| |
|
1,500 plus |
Performance-based: recorded hours and other measures |
£62,000 |
£65,000 |
£72,000-£74,000 |
£75,000-£79,000 |
| |
|
1,750 plus |
Performance-based; chargeable hours and other measures |
£75,000 |
|||||
|
1,100 plus |
Performance-based with a strong focus on |
|
|
|
|
| |
|
1,400-1,500 |
Firm's financial performance; performance-based; recorded hours and other measures |
£63,000 |
£66,000 |
£72,000 |
£78,000 |
| |
|
1,100 plus |
|
£60,000 |
£64,000 |
£68,000 |
£72,000-£74,000 |
| |
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£62,000 |
£61k - £68k |
|
|
| |
|
1,500 |
Performance-based; chargeable hours and other measures |
£60,000 |
£64,000 |
£68,000 |
£71,000 |
| |
|
|
Performance-based (inc. hours and other measures); up to £20k at 1PQE and 2PQE, up to £35k at 3PQE |
£66,000 |
£73,000 |
£86,000 |
£92,000 |
||
|
1,500 plus |
No bonus |
£62,000 |
|
|
|
| |
|
1,400 |
Performance-based; chargeable hours and other measures |
£62,000 |
£62-£65k |
£62-£66k |
£65-£73k |
| |
|
1,500 plus |
Firm's financial performance |
£64,000 |
£69,000 |
£81,000 |
£90,000 |
||
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£55,000 |
£60,000 |
£65,000 |
£68,500 |
| |
|
|
Performance-based; chargeable hours and other measures |
£59,000 |
£62,500 |
£69,000 |
£78,000 |
| |
|
1,100 plus |
discretionary |
|
|
|
|
| |
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£62,000 |
£66,000 |
£72,000 |
£83,000 |
| |
|
2,000 plus |
Performance-based with a strong focus on |
|
|
|
|
| |
|
1,900 |
Firm's financial and individual performance; chargeable hours and other measures |
|
|
|
|
| |
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£62,000 |
£67,000 |
£70,000 |
£72,000 |
| |
|
1,700 |
Performance-based; chargeable hours and other measures |
£66,600 |
£70,400 |
£82,600 |
£90,800 |
||
|
1,700 |
Performance-based with a strong focus on |
£65,000 |
£68,000 |
£80,000 |
£88,000 |
||
|
1,500 plus |
Firm's financial performance |
£65,000 |
£71,000 |
£82,000 |
£88,000 |
||
|
1,100 |
Performance-based; chargeable hours and other measures. |
|
|
|
|
| |
|
|
|
£70k - £75k |
£82,500 |
|
|
| |
|
1,400 |
Firm's financial and individual performance; chargeable hours and other measures |
|
|
|
|
| |
|
1,400 |
Firm's financial performance |
|
|
|
|
| |
|
1,500 plus |
Performance-based with strong focus on |
£62,500 |
£69,500 |
£75,000 |
£82,000 |
| |
|
|
Performance-based; chargeable hours and other measures |
£63,500 |
c. £69,000 |
c. £80,500 |
c. £90,700 |
Firm moved away from PQE-based model in early 2008; rates frozen in latest pay round | |
|
1,100 plus |
Firm's financial and individual performance; chargeable hours and other measures |
£63,500 |
£66,000 |
£75,000 |
£81,000 |
Rises awarded 12/5/08 but NQ rate frozen; NQ rates subsequently raised 11/6/08 | |
|
1,100 plus |
Firm's financial and individual performance; chargeable hours and other measures |
£65,000 |
|
|
|
| |
|
1,500 plus |
Does not operate bonus |
£64,000 |
|
|
£80,000 |
| |
|
Reed Smith |
1,500 plus |
Performance-based with a strong focus on |
£64,000 |
|
|
|
|
|
|
|
£80,000 |
|
|
|
||
|
1,100 plus |
Does not operate bonus |
£37,621 |
£39,170 |
£41,033 |
£42,741 |
| |
|
1,500 plus |
Performance-based with strong focus on |
£63,500 |
£66,000 |
£75,000 |
£78,000 |
| |
|
Firm's financial performance |
£65,000 |
£67k - £74k |
£86k |
|
| ||
|
1,575 |
Firm's financial and individual performance; based on utilisation and discretion |
£64,000 |
£68,000 |
£80,000 |
£87,000 |
| |
|
1,550 |
Performance-based; chargeable hours and other measures |
£62,000 |
£65,000 |
£72,000 |
£80,000 |
| |
|
|
Fixed bonus |
£97,500 |
|
|
|
| |
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£62,500 |
£66,000 |
£75,000 |
£80,000 |
| |
|
|
Firm's financial performance |
£64,000 |
£69,000 |
£78,000 |
£86,000 |
| |
|
1,100 plus |
Performance-based; chargeable hours and other measures |
|
|
|
|
| |
|
1,500 plus |
Performance-based with a strong focus on |
£62,500 |
£67,000 |
£75,000 |
£83,000 |
| |
|
1,500 plus |
Performance-based; chargeable hours and other measures |
£90,000 |
£90,000- £98,000 |
£93,600 -£108,800 |
£102,300-£126,300 |
| |
|
1,750 plus |
Performance-based with a strong focus on |
£78,000 |
£86,000 |
£97,000 |
£126,000 |
||
|
1,100 plus |
Performance-based; chargeable hours and other measures |
|
|
|
|
| |
|
1,100 plus |
Firm's financial performance |
£63,000 |
|
|
|
|
