U.S. firms’ recent salary increases have traveled beyond our borders to the U.K. New York-based Weil, Gotshal & Manges recently raised newly qualified lawyers pay in their London office from 75,000 to 90,000 British pounds, which is equivalent to over $179,000. Several factors go into determining salary increases in London, including New York rates, the legal market, and the office’s productivity. Other firms do not feel pressure to match Weil Gotshal’s rate; White & Case raised to 76,000 pounds from 67,500 pounds, and O’Melveny & Myers raised to 78,000 pounds. On the other hand, Latham & Watkins always matches London salaries to those in New York.
Source: www.nylawyer.com