Bonuses and salary increases are on the cards for trainees, newly-qualified (NQ) and junior lawyers at Magic Circle giant Slaughter and May.
Trainees will now earn £45,000 in their first year and £51,000 in the second year of their training contract.
NQ lawyers will earn £83,000, rising to £86,000 once they have six months post-qualification experience (PQE) under their belt. One-year PQE associates will be remunerated with £89,000 and one-and-a-half-year PQE lawyers will receive £93,750.
Bonuses will also be dished out to associates who demonstrate a ‘good or exceptional level of performance’. NQs will receive a bonus equivalent to 8.25% of their basic salary whilst the bonuses handed to trainees and support staff will amount to 3% of their base salaries.
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