Slaughter and May holds junior lawyer pay at £150,000

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Slaughter and May said that it will not raise salaries to its novice lawyers this spring, indicating that a fierce war of legal talent in the city may cool for the first time since the roaming epidemic.

Slaughters, who advises some of the most valuable companies in the United Kingdom, said it has decided to maintain newly qualified law salaries at 150,000 pounds in the wake of the first reviews of the aid wages twice.

The move comes as its competitors are waiting for “Magic Circle” – who usually review the levels of wages at the end of the fiscal year – to find out what each other does at a time of uncertainty in the market and after a sharp rise in recent years, according to the people familiar with the matter.

A decision will be made by their timing not to raise the wage against its newly qualified lawyers, either or in November for the first time since the Covid-19 crisis, which the company has not increased the salaries of novice lawyers, after a sharp escalation in prices in recent years.

The intense competition between the best law firms in the city and the American competitors who have the assembly, in addition to the sizes of health deals, led to the newly qualified “Magic Circle” lawyers from about 100,000 pounds in 2019 to 150,000 pounds last year.

But this year, the sizes of the low -caused by the American trade war, Donald Trump, as well as high salaries after sharp increases in recent years, have the ability to work as cooling factors in wage war.

“It seems that there is a sense of law firms that are waiting for someone to move first,” said Raya Carnick, the administrative director of Legal Recruiter Major, Lindsey & Africa. This may be “partially because of the request does not require a move on NQ salaries … if that happens [it will be] More than the position of “keeping up” Jones.

London -based “Magic Circle” companies, including Linklates and Freshfileds, have announced a 20 percent increase in newly qualified wages for £ 150,000, as of May 1 of last year, while it has become a salary for beginners lawyers.

These moves were an attempt to compete with our peers such as Queen Emmanuel in London, which was shouting young lawyers from the best UK companies in the capital and raised their own salaries to up to 180,000 pounds in 2024.

In the wake of the large increase in 2024, Slaughters chose to increase its newly qualified lawyer to 150,000 pounds in September, and NQ Pay increased every year since 2021. Among the number of major companies was taking the rare step of reducing the rates of reduction in 2020, in the movements caused by decorations.