Kiwi lawyers seeking law jobs in London can expect some hefty salaries if they score the right job at the right firm. If we’re talking Magic Circle firms like Slaughter and May, the salary reviews have lifted the pay for newly qualified lawyers by £5000 to £70,000 for the year.
The increase doubles the money paid to newly qualified lawyers last year and it is the most generous increase that S&M have made for some years.
Their lawyers with one year’s post qualified experience received an almost 8 percent increase with those with 3 years PQE was an 8.4 percent increase.
It also reveals the increased competition for quality lawyers in the competitive London market. US-based White and Case recently raised its salary levels for newly qualified lawyers to £90,000.