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Freshfields Bruckhaus Deringer raises NQ solicitor salary to £100,000.

10th 05 2019

From Wednesday the 1st of May, Freshfields Bruckhaus Deringer has raised its NQ (newly -qualified ) solicitor salary to £100,000. This would be the first magic circle firm to do so. This is an 18% increase from the previous salary of £85,000 paid to NQs. This rate was set by the firm in 2016. The salary of a trainee solicitors remains unchanged however, at £45,000 for first- years and £51,000 for second- years.
This move is a reflection of the recruiting power of the American firms in London, many of which have already lured Newly qualified graduates with NQ pay packets will in excess of £100,000. The other magic circle firms will almost certainly follow suit.