As noted by Law.com, several law firms have chosen to increase salaries for their newly qualified (NQ) lawyers, though the chances of reigniting a wider talent pay war this year appear slim. A studied instance is Baker McKenzie, who announced a boost in its NQ salaries in London from £110,000 to £118,000, a growth of 7.3%.
These steady enhancements in compensation by multiple leading law firms emphasize a continuing but careful investment in fresh talent. However, as echoed in the industry, there is still little indication of a return to the fiercely competitive pay war previously witnessed.