Linklaters offers trainee solicitors a starting salary of £107,500


Newly-qualified lawyers aged just 24 will get starting salary of £107,500 at leading London law firm

  • Magic circle law firm Linklaters is offering newly qualified solicitors £107,500
  • US law firms based in London are offering the best graduates £153,000
  • There is significant demand for the best law graduates among London firms  










Magic circle law firm Linklaters is offering newly-trained solicitors – some of whom are aged just 24, contracts worth £107,500 a year. 

The salary is a the highest available to newly qualified solicitors in England and is a £7,500 increase on the figure available last year. 

New solicitors who secure a place with Anglo Australian law firm Herbert Smith Freehills, are being offered contracts worth £107,000. 

Linklaters is offering newly-qualified graduates starting salaries of £107,500 - an increase of £7,500 on last year

Linklaters is offering newly-qualified graduates starting salaries of £107,500 – an increase of £7,500 on last year

Other magic circle law firms are offering their graduates around £100,000 - while US-based law firms are paying their graduates in their London offices around £153,000

Other magic circle law firms are offering their graduates around £100,000 – while US-based law firms are paying their graduates in their London offices around £153,000

According to The Times, there is such competition for the best newly qualified solicitors that other members of the magic circle – Allen & Overy, Clifford Chance, Freshfields Bruckhaus Deringer and Slaughter and May – all are offering salaries of £100,000. 

However, newly qualified solicitors working for the London offices of US-based law firms such as Vinson & Elkins offer starting salaries of £153,000. 

The salaries offered to solicitors at the top law firms far outstrip those available to graduates in other disciplines – with those starting a career in investment banking are paid around £40,000. An NHS nurse starting their career earns around £18,500. 

Solicitors generally need a law degree then a further year on a legal practice course, followed by a two-year on-the-job training contract. 

Those without a law degree need to successfully complete a graduate diploma in law.  

Linklaters also offers its trainees subsidised post-graduate education fees, while after embarking on their training contracts, they are paid £50,000-a-year. Rising to £55,000 on year two.  

Advertisement



Source link

Spread the love

Written by bourbiza

Van life looks idyllic on social media. But for couples, it can be challenging

Selfish drivers pack their cars with jerry cans and fill tanks to the brim