US law firm Goodwin has upped the salaries of its newly qualified (NQ) lawyers in London for the second time this year.
The outfit’s freshly minted juniors have been handed a 7% pay increase, taking salaries from an already impressive £137,500, to an eye-watering £147,000. The extra cash comes just months after Goodwin upped NQ pay by 10% to £137,500 in February.
And unlike some US firms, it’s understood the revised six-figure sum is not pegged to the dollar and is therefore protected against currency fluctuations.
Trainee salaries currently sit at £46,000 in year one and £50,000 in year two, although these rates are expected to be reviewed later this year.
A host of US firms have upped their cash offerings in recent months as they look to assert their dominance on the UK legal market.