Interested in a future career as a lawyer? Use The Beginner’s Guide to a Career in Law to get started
Find out about the various legal apprenticeships on offer and browse vacancies with The Law Apprenticeships Guide
Information on qualifying through the Solicitors Qualifying Exam, including preparation courses, study resources, QWE and more
Discover everything you need to know about developing your knowledge of the business world and its impact on the law
The latest news and updates on the actions being taken to improve diversity and inclusion in the legal profession
Discover advice to help you prepare for and ace your vacation scheme, training contract and pupillage applications
Your first-year guide to a career in law – find out how to kickstart your legal career at this early stage
Your non-law guide to a career in law – everything you need to know about converting to law
updated on 05 May 2023
Reading time: one minute
The newly qualified (NQ) solicitor ‘pay war’ continues as Linklaters LLP and Allen & Overy LLP each increase NQ lawyer salaries to £125,000 to match magic circle counterparts Clifford Chance and Freshfields Bruckhaus Deringer LLP.
From Monday 1 May, NQs at both firms saw a 16% pay rise from £107,500 to £125,000. This is a change in stance from last year when Allen & Overy held the line and refused to raise NQ pay to match its rivals.
Both firms offer the same starting salary for trainees, paying £50,000 in the first year before rising to £55,000 in the second year.
In terms of headcount, Linklaters is one of the most substantial training contract providers in the City, offering 100 places each year while Allen & Overy offers around 90 training contracts each year. The only firm to top these numbers is Clifford Chance which provides 110 training contracts and hosts the largest trainee cohort in London.
The remaining magic circle member Slaughter and May’s NQ salary starts at £115,000.