It pays to be a newly qualified lawyer in London. Just not that much more if you stick around.
Solicitors fresh from their two-year training contract are the main beneficiaries of a salary war fought on both sides of the Atlantic. Five US-based firms now pay their London lawyers more than £160,000, almost triple the rate offered to the best-paid trainees. Forty City offices have starting salaries for newly qualified lawyers in the six figures, according to rankings compiled by website Legal Cheek.
After that, rewards start to flag. Mid-level solicitors complain that while youngsters’ salaries spiral upwards, theirs stagnate.
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