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Taylor Wessing ups NQ lawyer pay to £115k

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By Legal Cheek on

37

Boosts SQE grant too


Taylor Wessing has become the latest law firm to increase the salaries of its newly qualified (NQ) lawyers, upping rates by £15,000.

The boost sees NQ rates move from £100,000 to £115,000, an uplift of 15%.

The Legal Cheek Firms Most List shows the additional cash put the firm’s NQ on the same levels as their opposite numbers at US outfit Katten and £5k better of than of those at DLA Piper, which upped pay from £100,000 to £110,000 earlier this month.

The 2024 Legal Cheek Firms Most List

TW also confirmed that it has increased the financial support for future trainees, raising its SQE grant from £12,500 to £17,000. The firm’s TC holders study with The University of Law.

News of the pay boost comes as TW announced that global revenues had hit a record £481 million and profits had climbed more than 12% to £91.7 million.

37 Comments

Dd

So AG and shed, Watson are you gonna rise at all or?

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(18)(2)

Rupert

Hmm…. Chicken feed but of a slightly higher grade.

Must try harder.

Reply Report comment
(1)(3)

Bullingdon

Do you try harder to stay clean and dry like a big boy now, eh Poopert? 😂

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(2)(0)

Rupert

Not responding.

Besides, I’ve recently heard about your inflatable sheep incident.

People in glass houses…

Reply Report comment
(0)(0)

Curious George

I want to hear more about this sheep incident!

Law

AG’s current SQE grant is 8000 for a 12 month course..

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(2)(0)

Cv

Didn’t know TW had it in them, but I do wonder whether that’s gonna affect how many hours they work?

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(9)(2)

C

This is silver circle dosh – good on them

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(21)(1)

Jj

Who’s likely to rise or been confirmed internally they’ll rise their NQ salaries that’s non MC/SC/US ??

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(1)(3)

Zxz

Slaughters I can’t keep defending you

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(56)(0)

Aaa

I thought AG or Evershed were rising their NQ salaries or was it Pinsets?

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(6)(2)

Pay war historian

I suspect all of them will.

Pinsents are usually the last to increase though.

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(0)(1)

Anon

Pinsents already announced their abysmal pay raises in May so just waiting on AG and Shed

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(4)(0)

ES Associate

ES has raised NQ salaries from £95k to £100k

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(1)(0)

Angry CRS

Ffs blown CRS’s 97.5k out of the water.

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(1)(15)

Realist

not the same calibre though are they

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(26)(1)

Actually I think you’ll find

Aren’t CRS dla, Watson and oc all on similar levels ? Basically bronze circle (that’s what grad rec told us on my vac scheme “we consider ourselves in the unofficial bronze circle”&)

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(2)(27)

Anon

This has to be trolling hahah

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(22)(0)

Sususuykkak

Pinset have already risen. Its AG and Eversheds, Watson, Stephenson Harwood that are yet to raise.

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(5)(1)

tt

SH have already risen to £100k.

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(3)(3)

Kirkland NQ

I can NOT keep defending Slaughters and DLA

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(4)(11)

A

How is the bunching?

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(2)(0)

Tee dubya

Bad and getting worse – when your payrise is less than the jump in NQ salary, you know it’s all about the headlines and not about paying people what they are worth.

Reply Report comment
(6)(1)

Taylor Swessing

Salary bunching is terrible. 5PQE lucky to be clearing £130-135k before bonus.

Also no mention of retention rates or the fact these will be “boosted” by a record number of 6 month FTCs.

Previously a very relaxed place to work that paid very well, now there is a massive focus on hours targets. Management claim these targets were always there but they were basically never mentioned as a factor in my 7+ years at the firm until about 12 months ago.

Changing the culture to prime themselves for a US merger is the current internal goss…

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(11)(1)

T-dubya

Agreed. When the NQ rate goes up more than your salary, you know it is more about the headlines than paying people what they are worth.

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(0)(0)

Aa

Shed have also risen to 100k internally.

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(2)(0)

Rotten Shed

Sheds has already announced NQ raises internally and did so nearly a month ago now (65.5k regions/100k LDN) so not sure why it hasn’t yet been publicised.

Yes the bunching is shite.

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(11)(1)

Anon

65.5 in the regions is a rubbish increase and I honestly expected a bit more given how well the firm is doing and how much DLA increased by

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(15)(1)

Regional ranger

Yeah it’s pretty dire. If you’re in the regions it doesn’t really make financial sense to work anywhere other than DLA. Lower target (1500 DLA vs Sheds at 1600) but get more pay…

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(7)(0)

anon

Will we ever see a Clyde’s rise?

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(3)(6)

Associate at proper big firm

DWF – have you had a pay rise, like ever?

Shocking.

Reply Report comment
(10)(0)

Associate in Landan

Does anyone know the NQ salary for DWF in London?

Very enigmatic firm, not in a romantic way either.

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(4)(0)

SpillTheTea

Any news on Squire Patton Boggs?.

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(0)(0)

L

BCLP?

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(0)(2)

anon

Will OC raise?

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(0)(0)

Cx

What’s Kennedys NQ salary?

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(0)(0)

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