Norton Rose Fulbright raises pay for NQs
Norton Rose Fulbright has announced a pay rise for its newly qualified (NQ) lawyers, lifting annual compensation by £1,500 to £63,000. Salaries for first and second year trainees at the firm have stayed at £38,000 and £43,000 respectively.
The news comes as the firm reveals a 92% retention rate for its September trainee intake. Norton Rose offered 24 of its 26 autumn qualifiers a role at the firm, with all accepting. This year’s figures represent a significant improvement over last year, when Norton Rose kept just 78% of its qualifying trainees.
Norton Rose Fulbright London HR head Sarah Kelly said: "These are our first retention figures since our US combination went live and we are really pleased with the rise to a 92% retention rate. We have had three qualification rounds this year and have kept a consistently high retention rate throughout."