A group of U.S. firms are gearing up for a round of London associate salary increases, with McDermott Will & Emery and Dechert the first to boost pay rates to keep up with London competition. McDermott Will has brought forward its raises, which were scheduled to take effect on Jan. 1, with newly qualified lawyer salaries jumping by 7 percent from $142,394 to $152,565. Meanwhile, Dechert has this month increased its newly qualified rates by around 10 percent to $128,154 to $147,479.
October 12, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A group of U.S. firms are gearing up for a round of London associate salary increases, with McDermott Will & Emery and Dechert the first to boost pay rates to keep up with London competition.
McDermott Will has brought forward its raises, which were scheduled to take effect on Jan. 1, with newly qualified lawyer salaries jumping by 7 percent from 70,000 pounds ($142,394) to 75,000 pounds ($152,565).
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