UK firms are beginning to announce pay raises for London associates for the upcoming financial year starting May 1. Clifford Chance has increased its starting salary to $127,000. Lawyers with one year post-qualification experience will recieve $132,000. Allen & Overy made a 15 percent pay increase in associate salaries last October, and has now increased them by an additional 3 percent. First-year salaries are $130,000, and one-year qualified lawyer’s pay is $143,000. Linklaters is expected to implement pay increases similar to those of Clifford Chance and Allen & Overy. Freshfields Bruckhaus Deringer and Slaughter and May are also likely to bump up salaries soon. U.S. firms with London offices typically pay something between New York and London salaries, but they usually wait until after UK firms have announced their new pay structures to finalize their increases.
Source: www.nylawyer.com