Legal Services

Lawyer pay explosion ‘not sustainable,’ says Simmons & Simmons boss

‘There’s always a reckoning,’ says Simmons & Simmons managing partner Jeremy Hoyland

Newly qualified lawyers are making £180,000 a year as London’s top law firms compete for talent
Newly qualified lawyers are making £180,000 a year as London’s top law firms compete for talent Photo: Wiktor Szymanowicz/Future Publishing via Getty Images

The massive boom in lawyer pay in the City is “not sustainable”, according to the managing partner of top UK law firm Simmons & Simmons.

Pay for partners and junior lawyers at leading law firms has rocketed in London in recent years, driven by big-paying US firms and the rocket fuel of private equity deals.

WSJ Logo