Law GovLaw Gov

    Subscribe to Updates

    Get the latest legal news from from all around the world directly to your inbox.

    What's Hot

    Clifford Chance Plucks BBC Talent for Newly Created UK Inclusion Role 

    August 8, 2022

    History Makers and Innovators: The American Lawyer Industry Awards Finalists Announced

    August 7, 2022

    Associates Expect Their Tech To Work, And Partners Had Better Use It Too

    August 7, 2022
    Facebook Twitter Instagram
    Law GovLaw Gov
    • Privacy Policy
    • Guest Post
    • Terms
    • Contact
    Facebook Twitter Instagram
    SUBSCRIBE
    • Home
    • News
    • Law Firms
    • Legal Technology
    • Law Practice
    • Litigation
    • Regulation
    Law GovLaw Gov
    Home » Baker McKenzie Ups NQ Pay For 2nd Time In Under A Year, But Holds Trainee Rates

    Baker McKenzie Ups NQ Pay For 2nd Time In Under A Year, But Holds Trainee Rates

    July 12, 20222 Mins Read Law Firms
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    Baker McKenzie has increased its newly qualified lawyer base pay  by 4.7% from £105,000 to £110,000, effective from July 1.

    It is the second time the firm has upped NQ pay in under a year, having raised pay by 17% from £90,000 to £105,000 in December 2021.

    All of the firm’s fee earners are also eligible to receive a discretionary bonus on top of this base salary. In a statement the firm said its bonus scheme “aligns with the performance element of its strategy and is designed to recognise and reward high performance and significant contributions to the firm”.

    Trainees at Baker McKenzie,however, will not see a boost to their pay packets, remaining on their current rates of £50,000 for first year and £55,000 for second year trainees.

    Baker McKenzie’s London managing partner Ed Poulton said: “The attraction, retention and development of our people is key to the success of our firm and is at the heart of our strategy.”

    The firm’s decision shows the pay war for junior talent is still playing out, despite Allen & Overy and Linklaters announcing they would not up rates in the immediate future.

    Baker McKenzie NQ’s will now take home more than their counterparts at both firms, who receive £107,500 in base pay. Akin Gump Strauss Hauer & Feld upped its NQ pay to £179,000 earlier in July, maintaining its position as the highest NQ payer in the City.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Clifford Chance Plucks BBC Talent for Newly Created UK Inclusion Role 

    August 8, 2022

    Linklaters, Gibson Dunn Advise as NBA Star LeBron James Takes Stake in German Bicycle Maker

    August 5, 2022

    Colombia’s Gómez-Pinzón Sees Country Growing Under New Government

    August 4, 2022

    Clyde & Co. Establishes Permanent Presence in Chile via Merger

    August 4, 2022

    Which Top Law Firms are Turning Down Clients on Ethical Grounds?

    August 4, 2022

    Associates Say the Darndest Things: 2022 Edition

    August 3, 2022

    Leave A Reply Cancel Reply

    Don't Miss
    Law Practice

    History Makers and Innovators: The American Lawyer Industry Awards Finalists Announced

    Francesco MazzagattiAugust 7, 20220

    The American Lawyer has chosen the finalists for its annual Industry Awards, selecting from more…

    Associates Expect Their Tech To Work, And Partners Had Better Use It Too

    August 7, 2022

    State Bar Plows Ahead With ‘Regulatory Sandbox’ Proposal Despite Lawmakers’ Concerns

    August 6, 2022

    Former Supreme Court of Canada Judge to Lead Review of Embattled Hockey Canada

    August 5, 2022

    Subscribe to Updates

    Get the latest legal news from from all around the world directly to your inbox.

    Our Picks

    Linklaters, Gibson Dunn Advise as NBA Star LeBron James Takes Stake in German Bicycle Maker

    August 5, 2022

    Suciu Popa, Dentons, and NNDKP Advise on Romgaz Acquisition of ExxonMobil Subsidiary

    August 5, 2022

    Tuca Zbarcea & Asociatii Advises Mol Romania on Opening Two Motorway Service Stations

    August 5, 2022

    Crash Kills Fox Rothschild Partner, 33, Remembered for Kindness, Community Service

    August 5, 2022
    Law Gov
    Facebook Twitter Instagram Pinterest
    • Privacy Policy
    • Contact
    • Guest Post
    • Terms & Conditions
    © 2022 Law Gov. All rights reserved. Developed by Sawah Dev.

    Type above and press Enter to search. Press Esc to cancel.