Comments on: Sidley increases NQ associate salaries to £175,000 in London

By: Not Bullingdon Boi

Not Bullingdon Boi — Thu, 20 Jun 2024 18:49:10 +0000

In reply to Rupert; you know the name, you know the game . Getting boring now, Poopert.

By: Anon

Anon — Mon, 17 Jun 2024 15:57:13 +0000

In reply to Show me the money. Ketchup or mayo if you have it.

By: Silly Goose

Silly Goose — Mon, 17 Jun 2024 09:06:44 +0000

In reply to Legal Recruiter (UAE). If you moved to UAE that's your fault. No pity for overseas/offshore lawyers: you moved there for a reason.

By: Anon

Anon — Mon, 17 Jun 2024 08:57:38 +0000

In reply to Legal Recruiter (UAE). No one cares.

By: Anon

Anon — Mon, 17 Jun 2024 06:39:33 +0000

In reply to Paywars no1 fan. No… as senior associates get paid 340 + 100 GBP bonus at US versus half that at SC

By: Legal Recruiter (UAE)

Legal Recruiter (UAE) — Sun, 16 Jun 2024 16:09:08 +0000

Seems like firms are only focusing on London for now. No pay rises at any of the UAE offices of the Magic Circle firms. Have spoken to numerous candidates who have complained about the lack on internal communication about pay rises in London. It seems like partners in the UAE are hoping to ignore the issue. Unfortunately this seems to be breeding a lot of discontent. With many of the US firms in the region looking to hire junior and senior associates the Magic Circle will once again lose talent if they don’t respond.

By: mc who?

mc who? — Sat, 15 Jun 2024 10:25:01 +0000

In reply to Twelve cats eating Yorkshire pudding. Can we stop pretending Slaughters is MC? Not denying it's a good firm but it's objectively closer to Macs or Travers than CC or Links and thus wrong to even compare with them

By: NRF Associate

NRF Associate — Fri, 14 Jun 2024 19:45:05 +0000

In reply to Paywars no1 fan. Where’s this intel coming from? NRF just raised NQs to 125k and won’t be raising again anytime soon..

By: Rupert; you know the name, you know the game 🇺🇸

Rupert; you know the name, you know the game 🇺🇸 — Fri, 14 Jun 2024 18:21:18 +0000

In reply to Twelve cats eating Yorkshire pudding.

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Chicken feed, dear boy/girl/nonbinary.

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By: Run it

Run it — Fri, 14 Jun 2024 18:06:00 +0000

Isn’t Stephenson and Dentons riding to 115k??

By: Another one bites the dust

Another one bites the dust — Fri, 14 Jun 2024 18:03:50 +0000

Whoop whos rising next that’s non US/MC/SC???

By: You don’t understand

You don’t understand — Fri, 14 Jun 2024 17:45:26 +0000

In reply to Truth Serum. Wrong. Completely wrong. They only care about NQ rates. It’s well known that the junior lawyers in PQE 1-4 are really closely bunched. And yes there will be NQs somewhere being paid more than PQE1 and 2. It happens.

By: Show me the money

Show me the money — Fri, 14 Jun 2024 16:09:27 +0000

In reply to They have. Source?

By: Paywars no1 fan

Paywars no1 fan — Fri, 14 Jun 2024 15:13:14 +0000

In reply to They have. If this is true and the SC are raising to around 140, the impact on US firms still paying 150 will be devastating. If you're a prospective candidate choosing between NRF/HogLov or W&C/Covington, surely you'd take the 10k paycut (only approx £450/month after tax) for less of a beasting in a nicer environment?

By: Needs his hand held

Needs his hand held — Fri, 14 Jun 2024 15:08:11 +0000

In reply to Kyle. Sorry to labour the point, but I wonder why firms wouldn't just increase the salaries of 2-7 PQEs in that case. NQ and 1PQE salary stays the same, but there's a 20k bump for everyone after that. Why isn't that even considered?

By: They have

They have — Fri, 14 Jun 2024 13:09:01 +0000

In reply to Trickle Pickle. Macs raising to 140. TS to 139 and NRF to 135k

By: Thor

Thor — Fri, 14 Jun 2024 12:47:06 +0000

Every time a firm raises salary fewer NQ roles will become available. Most US firms aren’t performing well financially and would therefore be reluctant to recruit.

By: Comprehension is a dying art

Comprehension is a dying art — Fri, 14 Jun 2024 11:55:14 +0000

In reply to I am the lord of the bus said he.

You’ve missed the point lmao.

The first commenter was saying the NQ market is in turmoil and firms may not feel as pressured to match raises if they know their juniors aren’t going anywhere.

The other commenter who responded was saying the salary increases are not aimed at NQs.

Sure the end result is the same but the reasoning the first commenter gave was not correct which is what was pointed out.

Hope this helps.

By: I am the lord of the bus said he

I am the lord of the bus said he — Fri, 14 Jun 2024 11:14:40 +0000

In reply to Truth Serum. Isn’t the end of result the same though? Regardless of the reasoning, firms are still going to increase NQ salaries (to keep 2-7PQEs happy)?

By: Non-Russell Final Year

Non-Russell Final Year — Fri, 14 Jun 2024 10:46:54 +0000

In reply to Anon. Most firms bunch the same way sadly

By: Anon

Anon — Fri, 14 Jun 2024 09:45:54 +0000

In reply to Kyle. So really, it's a subtle way of saying they are raising salaries of those above NQ? But then isn't there not going to be much raise for each year of PQE? Wouldn't junior associates want to look elsewhere if say, 1PQE pays 150k, 2PQE 155k etc