Slaughter and May boosts London trainee pay for the second time this year

Uplifts of between 2% and 4%

Slaughter and May’s London office

Elite magic circle player Slaughter and May has nudged rookie remuneration northwards for the second time this year.

The Bunhill Row bunch confirmed this morning that first-year trainees will now receive a salary of £45,000, up 2% from £44,000, while those a year ahead will earn £51,000, a rise of £2,000 or 4%. The fresh uplifts take effect from 1 October.

The last time Slaughters upped trainee pay was on 1 January 2018. On that occasion, first-year trainees moved from £43,000 to £44,000, while second-years were bumped from £48,000 to £49,000. Legal Cheek‘s Firm’s Most List shows that the firm’s newly-qualified (NQ) lawyers earn a salary of £80,000.

Magic circle trainee salary standings:

Firm Trainee pay (Year 1) Trainee pay (Year 2)
Clifford Chance £46,600 £52,500
Slaughter and May £45,000 £51,000
Freshfields £45,000 £51,000
Allen & Overy £45,000 £50,000
Linklaters £43,000 £49,000

Today’s modest increases follow similar moves by three of its magic circle rivals.

Earlier this month, Freshfields upped trainee salaries to £45,000 and £51,000 respectively. Not to be outdone, Clifford Chance bumped its trainee pay bands — £46,600 in year one, rising to £52,500 in year two. Meanwhile, trainee pay over at Allen & Overy now sits at £45,000 and £50,000. Linklaters is the only remaining member of the magic circle yet to announce a pay rise.

The 2018 Firms Most List

Pay rises aside, Slaughters dishes out around 80 training contracts annually and offers future recruits a recently-improved Legal Practice Course (LPC) maintenance grant of £10,000. In our Trainee and Junior Lawyer Survey, the four-office-outfit scored As for training, quality of work, peer support, perks and office. The results from the new 2018–19 survey will be revealed next month.

The post Slaughter and May boosts London trainee pay for the second time this year appeared first on Legal Cheek.

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