Recent joiners and qualifiers at Ashurst, Norton Rose Fulbright and Travers Smith will enjoy increases of up to 6% to their annual financial remuneration. First-year trainees at Ashurst will have their salary bumped up to £44,000 from £42,000, whilst year-two recruits will receive £48,000. At Norton Rose Fulbright incoming trainees will benefit from a 2% rise to the firm’s trainee remuneration rate and receive a £45,000 salary. On progression to year two, they will earn £49,000. Peers at Travers Smith can boast of a year-one salary that sits at £45,000 – a 3% increase from what former trainees received – and a year-two paycheque with a hefty £50,500 figure.
Upon qualification, NQs at Ashurst will earn £76,000 up from £72,000. Those at NRF will experience a 2% increase in NQ salary and thereby cash in £77,000 a year, and at Travers Smith a 5% increase means NQs will receive an additional £3,500 for their year-long efforts, taking their salary to £78,500.