The impressive retention rates posted by some law firms this spring demonstrate a buoyant market for newly qualified lawyers. But what happens when those trainee reins are severed and you’re let loose in legal practice? Kate Durcan speaks to NQs and training managers about their experiences.
Hogan Lovells’ UK newly-qualified (NQ) lawyers pay has risen 5%, as the firm increases junior associates’ salaries.
Vinson & Elkins (V&E) has increased its London associate and trainee solicitor salary levels, boosting newly qualified salaries 20% to £120,000 and first-year trainee salaries by 11% to £50,000.
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