⬆️ 10%
The London office of Debevoise & Plimpton has confirmed salary rates for newly qualified NQ) solicitors now sit at over £160,000.
The New York-headquartered outfit upped salaries earlier this year from £145,800 to £160,500 — an extra £14,700 or 10%
The Legal Cheek Firms Most List 2023 shows NQs at Debevoise leapfrog their counterparts at nine fellow US outfits, to become the tenth best-paid NQs in the City, just behind their peers at Gibson Dunn on £161,700.
Debevoise recruits around nine trainees each year on a starting salary of £55,000, rising to £60,000 in their second year. The improved NQ rate took effect in January but details of the rise only emerged this week.
A raft of City firms have confirmed summer rises, with Taylor Wessing and Baker McKenzie recently moving to £100,000 and £118,000, respectively. Elsewhere, DLA piper also increased NQ rates to £100k and Bryan Cave Leighton Paisner to £105,000.