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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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jmH61sIGkXBl1NfCqF28toqCiG80se5e4j1vqge+cdRaN2mBWoKWaBco+gcfNj9ZMQailPWVovvEaC4wjd9H5A2CcTTi4qpXxYZA57dGzDNsMx6sHel/5JXopQJWFKRHeh2paVATLncVfapuvdwyFzg6dfsEKjU31nASkvlmuay2ynfFB+s8S168ugiFAWSrygJ7rOPbMZ+UHjsIbhUVLZGsWMrg90KDpINh/26bIio/OWiUyx8ELutlYdHe+Kc1wgK0PnpKwDpo5t4FzqsToOzw1matxhSHjqzIJOPV0iNKhzbq

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