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Junior pay hikes heap pressure on Magic Circle in ‘fierce’ talent battle

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Pay hikes for junior lawyers at a group of UK and international law firms during the summer have upped pressure on Magic Circle firms to keep ahead of the competition in a fierce market for talent.

Mayer Brown has raised its salary for junior lawyers in London to £150,000, an 11% rise from the previous £135,000. Baker McKenzie and 

 increased their salary for newly qualified lawyers to £145,000, up from £140,000 and £135,000 respectively. Hogan Lovells and Ashurst now pay their junior lawyers £140,000, compared to £135,000 and £125,000 previously. 

Some law firms have increased base pay for their junior talent in London this year while Magic Circle and elite US firms hold their nerves

Zoe Hu

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wrQooHW74f72pl5VZVuNiJHSOw25lDw+zyLjIosotZztCxgCKfBodb+z74sMIbGS1FKkLQ+NCqr3eHtZ5hzDBi+0k+7B409J/0LSyTjsLeAf4d8yqRZ+GZpt631mzK06VVU3P2iHJiKbwW6FoK9ByDU7GEyotCjaMao4KIerLMDtxG8lCyG2rH+lJFIn7+915y/7S/uYFN2iwo4J0XRneQKV/xSnG/xyPx5MDp/fFzWl+ZrfXGB9Yj1ded4NAz9Av3gSFW/akG4y5LvL6t3l4zGWznPy5SHQg0vWIACR5wVQzZV+

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