How satisfied are you with your financial remuneration?

There’s no doubt that a career in law is often considered to be lucrative. Whilst the reality varies from firm to firm, it’s fair to say that junior lawyers can expect reasonable compensation for their efforts, particularly when compared to graduate-level jobs in some other industries. Of course, this is partially to compensate for the high costs associated with studying to be a lawyer, but it is also because law firms want to incentivise their staff. And whilst there are many more considerations than salary alone, it is reassuring to know that job satisfaction is not the only thing you can expect in exchange for your hard work. Although the pay war rages on (NQ salaries are currently a recurring topic in the legal press), perhaps unsurprisingly, the majority of Lex 100 Winners in this category are US firms. ‘The pay is really good’ at table-topper Milbank; likewise there is ‘excellent pay’ on offer at Akin Gump Strauss Hauer & Feld. At Cooley, the ‘benefits package comes in as a close second’ when it comes to picking out the best thing about the firm, whilst Debevoise & Plimpton trainees were attracted by the ‘fantastic remuneration’, considered to be ‘one of the highest salaries in the City’. Dechert trainees appreciate that their remuneration is particularly ‘good considering the work/life balance’ and Sidley Austin recruits were quick to praise the ‘excellent remuneration’ on offer. At Morrison and Foerster and Vinson & Elkins trainees are given a lot of responsibility, without too much hand holding, and are paid handsomely for their efforts. And Goodwin Procter offers junior lawyers an enviable combination of ‘American wages but a European culture’. Lucky them.

Firm Score
Milbank LLP 97.7
Akin Gump Strauss Hauer & Feld 96.5
Cooley (UK) LLP 95.9
Sidley Austin 94.1
Morrison and Foerster LLP 93.6
Debevoise & Plimpton LLP 93.4
Vinson & Elkins LLP 91.6
Boodle Hatfield LLP 91.4
Goodwin Procter (UK) LLP 91.4
Dechert LLP 91.2
Kirkland & Ellis LLP 90.3
Skadden, Arps, Slate, Meagher & Flom (UK) LLP 90.2
Morgan, Lewis & Bockius UK LLP 88.5
Weil, Gotshal & Manges (London) LLP 87.9
Osborne Clarke LLP 87.4
Jones Day 86.7
Travers Smith LLP 85.8
White & Case LLP 84.7
Forsters LLP 84.2
Stephenson Harwood 82.2

Other Categories

  • How approachable are your supervisors?
  • How confident are you that you will be kept on at the end of your training contract?
  • How far has the firm lived up to your expectations?
  • How good is your firm’s social life?
  • How would you rate the inclusiveness of your workplace environment?
  • How would you rate the international secondment opportunities available?
  • How would you rate the quality of work you are given?
  • How would you rate the work/life balance at your firm?
  • How would you rate your amount of client contact?
  • How would you rate your overall job satisfaction?
  • If you did a vacation scheme with your firm, how would you rate it?