Exclusive: Transatlantic player overtakes some big names in the salary league tables
Transatlantic giant Norton Rose Fulbright has boosted junior lawyer salaries and soared past several big names on the pay league table.
The firm has increased newly-qualified pay from £65,000 to £70,000, putting it level with magic circle players Clifford Chance and Slaughter and May, as well as with Anglo-US rival Hogan Lovells.
The pay boost means that qualifying lawyers at NRF will earn more than counterparts at magic circle firms Allen & Overy, Freshfields Bruckhaus Deringer and Linklaters.
The move also makes them one grand richer than NQs at Anglo-Australian mega-firm Herbert Smith Freehills.
Trainees have also benefited from a rush of generosity at the senior partnership table at NRF. First year trainees have seen their pay rise by £1,500 to £41,000.
That increase puts newbie trainees on the same level as counterparts at Freshfields, Slaughter and May and Hogan Lovells. But the will remain £1,000 poorer than first-year trainees as Clifford Chance and Herbert Smith Freehills.
NRF trainees see their salaries increase significantly in their second year, up to £46,000.
Lak Purewal, the firm’ human resources chief for Europe, commented:
It is essential that we attract and retain high quality people, and ensuring our salaries are competitive is one of the ways to achieve this goal.