Newly-qualified (NQ) solicitors at Covington & Burling are the most recent to affix the £100,000 wage membership after the US agency elevated their pay. The rise, which took impact on 1 August, is up from the £95,000 it beforehand paid NQs.

Seven of the eight qualifying trainees this autumn are remaining on the agency to get pleasure from the brand new wage, giving Covington a retention rating of 87 per cent. Two will be part of the dispute decision workforce, with the opposite 5 going into tech/media, white collar crime, company, employment and tax.

Coaching principal Hilary Prescott stated: “We proceed to extend the variety of alternatives we provide our trainees and NQs, with the Brussels competitors and the London mission finance seats proving to be fashionable following their introduction final yr. It has been thrilling to see such a constructive response to the brand new components of our scheme, and we count on additional progress within the scope of our trainee programme, reflecting the dynamism and progress of our EMEA workplaces.”

Elsewhere, Mills & Reeve has retained 17 of its 18 qualifiers, or 94 per cent. Seven of the NQs will work within the Cambridge workplace, 5 in Norwich, 4 in Birmingham, whereas one will break up time between Leeds and Manchester.

Autumn 2018 retention up to now Trainees retained Mounted time period contract Trainees left Complete variety of qualifiers Proportion retained
Travers Smith 21 zero zero 21 100.zero
Baker McKenzie 13 1 zero 14 100.zero
Ropes & Grey 6 zero zero 6 100.zero
Burges Salmon 26 zero 1 27 96.three
Hogan Lovells 28 1 1 30 96.7
Mills & Reeve 17 zero 1 18 94.four
Taylor Wessing 20 1 2 23 91.three
Norton Rose Fulbright 28 zero three 31 90.three
Charles Russell Speechlys 23 zero three 26 88.5
Covington & Burling 7 zero 1 eight 87.5
Slaughter and Might 32 zero 5 37 86.5
Clyde & Co 38 1 7 46 84.eight
Shearman & Sterling 11 zero 2 13 84.6
Fieldfisher 11 zero 2 13 84.6
Freshfields 34 zero 7 41 82.9
White & Case 21 zero four 25 84.zero
Allen & Overy 37 zero 9 46 80.four
RPC 14 zero three 17 82.four
Herbert Smith Freehills 31 zero 7 38 81.6
Mayer Brown eight zero 2 10 80.zero
Bryan Cave Leighton Paisner 15 zero four 19 78.9
Clifford Probability 36 zero 11 47 76.6
Linklaters 43 zero 16 59 72.9

The publish Covington boosts NQ salaries to £100,000 and guarantees new trainee alternatives appeared first on The Lawyer | Authorized perception, benchmarking knowledge and jobs.

LEAVE A REPLY

Please enter your comment!
Please enter your name here