Clifford Chance, Hogan Lovells, Chadbourne: Business of Law
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Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
Clifford Chance LLP said on June 4 it would increase pay for newly qualified lawyers by about 3 percent, to 63,500 pounds, while Linklaters LLP raised those rates 4 percent to 64,000 pounds. Slaughter and May also raised pay for that level about 2 percent to 63,000 pounds. Allen & Overy LLP and Freshfields Bruckhaus Deringer LLP kept salaries unchanged.