Slaughter and May announces marginal salary increases

Slaughter and May is the first magic circle firm to announce its 2011 salaries. The firm is giving a modest increase to junior associates of between 1.5 per cent and 3 per cent, while leaving the pay for trainees and newly-qualified lawyers unchanged. Newly-qualified lawyers will earn £61,500, first-year trainees make £38,000 and second year trainees make £43,000. Lawyers with one year's post qualification experience (PQE) will move from £68,000 to £69,000; while those at two years' PQE see pay increase from £74,000 to £76,000. Three-year qualified lawyers see pay rise from £84,500 to £86,000, while pay for lawyers with four years' PQE moves from £93,000 to £94,500. All lawyers will also continue to move through the lockstep as normal.

Slaughter and May announces marginal salary increases legalweek.com Thu, May 5, 2011