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US law firms bump salaries for juniors in war for talent

Junior lawyers are cashing in again as US firms try to cement their position in the City

'Lawyers at US law firms often find themselves on call virtually around the clock'
'Lawyers at US law firms often find themselves on call virtually around the clock' Photo: Getty Images

US law firms have upped the ante in the battle over junior salaries, hiking pay for newly qualified associates despite an ongoing dearth of M&A deals that has added further pressure to cut costs.

Ropes & Gray, Sidley Austin, Paul Hastings, Davis Polk and Cleary Gottlieb all raised salaries for newly qualified staff in the first month of 2024.

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