White & Case has matched Shearman & Sterling's NQ and associate salary rises.
The US firm has hiked NQ pay to £105,000 from £90,000. That brings it level with the NQ pay now on offer at Shearman, which announced last week that it was raising NQ pay from £95,000 to £105,000 as part of its 2017 salary review.
White & Case has also raised trainee salaries by £2,000, taking a first year to £46,000 and a second year to £50,000. In addition, the firm now matches Shearman at 2PQE level after giving the band a £19,000 pay rise to £120,000.
Salaries above 3PQE have not been disclosed. A spokesman said that while their amounts will be "discretionary", "we expect these to be as competitive as those detailed in the legal salary grid". Which means that in practice they should match Shearman's new lower limit for mid-level associates (ie 3+PQE) of £138,000 and Shearman's new lower limit for senior associates of £165,000. However, the spokesman declined to confirm that that would be the case.
Some White & Case lawyers were already satisfied with they pay before the review. "Pay is fair", one told RollOnFriday last November, "Magic Circle workloads for higher than Magic Circle pay". But late last year others thought the firm had slipped. "Management seem to think pay wars are a quaint lil thing other firms do", said a trainee in December, "SHOW US THE MONEY!!!" Pay is "way, way sub-par compared to other American firms", said a 1PQE in December, "- really need to match the new norm next year". White & Case has not leapt up to the astonishing heights of the top-paying US firms like Kirkland & Ellis and Akin Gump. However it has kept pace with the second tier of US firms, and continues to maintain clear blue water between itself and the Magic Circle.
White & Case's spokesman said, "student debt, increasing inflation and the high cost of living in London make competitive remuneration key for the brightest young lawyers in considering their career options". He said the London office's "combination of reward, benefits, support and dynamic working environment is compelling".
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The US firm has hiked NQ pay to £105,000 from £90,000. That brings it level with the NQ pay now on offer at Shearman, which announced last week that it was raising NQ pay from £95,000 to £105,000 as part of its 2017 salary review.
White & Case has also raised trainee salaries by £2,000, taking a first year to £46,000 and a second year to £50,000. In addition, the firm now matches Shearman at 2PQE level after giving the band a £19,000 pay rise to £120,000.
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Love a salary grid |
Salaries above 3PQE have not been disclosed. A spokesman said that while their amounts will be "discretionary", "we expect these to be as competitive as those detailed in the legal salary grid". Which means that in practice they should match Shearman's new lower limit for mid-level associates (ie 3+PQE) of £138,000 and Shearman's new lower limit for senior associates of £165,000. However, the spokesman declined to confirm that that would be the case.
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With NQ take home pay reaching £67,680, a White & Case lawyer with no outgoings can now afford this realistically modeled carved smoky quartz hardstone in the form of an ape, after one year. |
Some White & Case lawyers were already satisfied with they pay before the review. "Pay is fair", one told RollOnFriday last November, "Magic Circle workloads for higher than Magic Circle pay". But late last year others thought the firm had slipped. "Management seem to think pay wars are a quaint lil thing other firms do", said a trainee in December, "SHOW US THE MONEY!!!" Pay is "way, way sub-par compared to other American firms", said a 1PQE in December, "- really need to match the new norm next year". White & Case has not leapt up to the astonishing heights of the top-paying US firms like Kirkland & Ellis and Akin Gump. However it has kept pace with the second tier of US firms, and continues to maintain clear blue water between itself and the Magic Circle.
White & Case's spokesman said, "student debt, increasing inflation and the high cost of living in London make competitive remuneration key for the brightest young lawyers in considering their career options". He said the London office's "combination of reward, benefits, support and dynamic working environment is compelling".
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Much obliged. Hours of fun right there, admittedly, but I want a funny ROF picture-fest. Don't spoil this for me.
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With proofreading and/or grammar skills like that, I'm not surprised.