Regional industrial legislation corporations are boosting salaries for newly certified solicitors by greater than 20 per cent as they battle to maintain tempo with the Metropolis pay conflict.
Researchers discovered that Osborne Clarke’s Studying workplace had elevated salaries by £11,000 to £65,000 in only a 12 months amid fears that heavyweight London authorized practices will rent the cream of junior legal professionals. Burges Salmon, a Bristol legislation agency, additionally elevated pay for its newly certified solicitors by 20 per cent to £60,000.
The figures for outstanding regional corporations got here as Reed Smith grew to become the most recent Metropolis apply to lift its beginning pay to £107,500. Nevertheless, a number of US legislation corporations within the Sq. Mile pay their first-year legal professionals extra, with Vinson & Elkins, which is predicated