I was a trainee at a regional firm about 15 years ago. Based on a quick look at the Inside Info, it looks like NQ pay hasn't increased at all since then (still 40k). Is that right? If so, it's crazy. Those firms must be making a fortune off the junior lawyers.
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Same in my profession of medicine. Junior doctors straight out of uni are making about 10% less than I did a few years ago for the same job.
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It's fine because everyone can just inherit their parents houses eventually
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Best advice is marry well.
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Interesting about medicine. I don't remember feeling flush with cash at the time but they must have been the good times.
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Meanwhile City pay is absolutely rocketing. It’s not a K-shaped recovery, it’s been a K-shaped economy for years.
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Quite. Unless they don’t inherit a house - in which case they can pay an extra 2% income tax in order to ensure that others can freely inherit a house from Boomer parents who couldnt be bothered to save for their old age and whose “my property is my pension” schtick turned out to be a big lie.
On top of what is effectively a 9% graduate tax for those who went to Uni and the costs if dealing with climate change (which obv wont be met by Boomers) - you are going to have a lot of very angry people soon.
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It's not unusual in firms with multiple UK offices for a qualified solicitor outside of London to be working on a matter with a London trainee who earns more than them.
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chimp are you a registrar ?
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No Ebitda, though by date of graduation I should be. I delayed my training progression to locum and work in Australia.
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I found some payslips the other day. I started in 2009 on £34k. I think people starting that same job today are on about £32k. They do work fewer hours and less anti-social shifts than I did but still.
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What, when they're 65?
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My NQ salary was just over £32k + London weighting. That was 15 years ago. It wasn't much of a step up from the trainee wage.
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Fair dos chimp , so an F2 in the U.K. ?
crypto I assume you are a registrar?
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how many doctors get funding for their degrees these days?
in Scotland we fund nurses (although uni education for a first degree is free anyway) and it blows my mind that England doesn't
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"what's that you say, more debt than my annual salary is every likely to be? yes please!"
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Lol at earning £30k as a solicitor in London Dux. Isn't that below the law society minimum for a trainee?
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Yup I’m a reg. The pay seems to have improved at bit at that level. I go back to doing on call next month and the pay for it all seems ok and to have kept pace with inflation somewhat.
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The Law Society minimum in my day was about £16k.
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2 peekers were on about £50k (West End, not City) and it was considered a King's Ransom. I think in real terms salaries have gone through the roof since then.
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£40k sounds quite good for NQ pay at a top regional firm in 2006.
In 1995, NQ pay at top Leeds firms was £20-22k. Average earnings rose 59% in the intervening 11 years.
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TBF not that much money to be made in advising on takeovers of whippet kennels and registered designs in flat caps.
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Meanwhile your DLA or travers NQ is screaming about their 80 k NQ salary in London saying how it’s so terrible FFS
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No, I’m an IMT. I completed F2 before leaving the country.
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"TBF not that much money to be made in advising on takeovers of whippet kennels and registered designs in flat caps"
Bit harsh. This was during the very short period when it looked like Leeds based firms were going to take over the world.
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On call pathology?
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Forensic work I guess. You have to attend crime scenes?
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Indeed I nearly lost my very NQ job when I gave Nigel Knowles a telling off on a deal we were both working on :o
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I did a graduate entry degree which at the time was heavily subsidised, with 3 year’s fees and living expenses paid by the NHS. Had to pay for the first year myself. To all the taxpayers reading - cheers.
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Eeyore were you DLA then?
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Guilty
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Yup I’m doing forensic pathology now.
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