Norton announces pay rises for trainees and NQs
Norton Rose Fulbright has announced a pay rise for newly qualified and trainee lawyers. Newly qualified lawyers will take home an extra £2000, with pay jumping from £63,000 to £65,000, backdated to May. comments powered by Disqus
The pay rise puts the firm ahead of A&O by a thousand pounds, on par with Linklaters and Slaughter and May, and below Freshfields, where NQs earn between £67,500 - £77,500, and Clifford Chance, where NQs take home £67,500.
First year trainees will also see a pay rise, taking home £39,500 (up from £38,000), which rises to £44,500 in the second year.
The pay-rises come as the firm announces a 4% increase in global revenues to £1,152m, though the firm is keeping quiet on the profits doled out to partners. The firm also declined to comment on the amounts being paid to those above NQ level, since the firm operates on a merit-based system
that depends largely on individual performance and contribution.