Dechert, Dentons and Addleshaw Goddard have joined the slew of firms raising the stakes for newly qualified (NQ solicitors).
Dechert has increased its NQ salary from £95,000 to a handsome £110,000.
NQs at Dentons’ London office will see their remuneration raised from £70,000 to £75,000, whilst NQs at the firm’s Watford and Milton Keynes offices have seen increases from £44,000 to £46,000.
Trainee salaries at Dentons have also increased. First-year London trainees will earn £42,000 (up from £40,000), whilst second years will earn £46,000 (up from £44,000). As for the firm’s Watford and Milton Keynes recruits, first and second-year trainees will earn £30,000 and £32,500 respectively.
Addleshaw Goddard’s autumn qualifying trainees have seen the NQ salary raised for the second time this year, from £65,000 to £70,000. Manchester and Leeds NQ salaries have been upped by £1,500 to £43,000. NQs at the firm’s Scottish offices will receive £38,000.
Trainees were not left wanting either. Addleshaw’s London first-year trainees will earn £39,500 (up from £38,000) whilst second years will earn £42,500 (up from £41,000). New recruits in Leeds and Manchester will earn £27,000, rising to £29,000 in their second year.