Newly qualified lawyers see their salaries jump from £63,000 to £65,000, backdated to May. That's not quite up there with Freshfields, where NQs can take home anything from £67,500 - £77,500. And Clifford Chance NQs are sitting on £67,500 with their recent salary hikes. But it's the same as Linklaters and Slaughter and May pay, and a grand up on A&O. OK, NRF's brand isn't as sky high as the Magic Circle firms, but then neither presumably are the hours its lawyers are expected work.
First year trainees are now paid £39,500 (up from £38,000), which rises to £44,500 in the second year. Again, these figures are backdated to May. The rises coincide with a 4% increase in the firm's global revenues to
£1,152m. So it looks like partners will be earning more too, although
the firm hasn't reported its profits.
A Norton Rose Fulbright NQ relaxing at home yesterday |
For lawyers beyond NQ level Norton Rose moved towards a merit-based system a few years ago so would not comment on pay rises. A spokesman said that salaries are determined by a number of factors, one of which is individual performance and contribution.
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