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Clifford Chance latest to offer NQs six figures

10th 06 2019

 

This article was written by Jemma Slingo for Law Gazette.

The Original article can be found via:

https://www.lawgazette.co.uk/news/clifford-chance-latest-to-offer-nqs-six-figures/5070559.article

Clifford Chance has raised its total pay package for new associates to £100,000, up from £91,000. It is the second magic circle firm to increase salaries in the face of competition from London offices of US-based practices. 

Last month Freshfields Bruckhaus Deringer announced it would be paying newly qualified solicitors £100,000 as a base salary, up from £85,000. Associates have the opportunity to receive discretionary premiums on top of this. Freshfields has also brought in a £10,000 maintenance grant for future trainees. Eyes will now be on Slaughter and May, Linklaters and Allen & Overy to see if they follow suit. Although Clifford Chance and Freshfields have significantly increased their salaries they still trail some US-headquartered firms which have been paying London NQs more than £100,000 since 2017.