Mark Jones, Addleshaw Goddard’s managing partner, is not a man prone to hyperbole or marketing guff, so it is unsurprising that he spoke to Legal Week of the firm’s recent salary review in such measured tones.

But there is no doubt the firm’s decision to substantially hike its pay rates at a national level has sent a sizeable jolt through the UK’s key regional legal centres. Certainly, it is significant that the firm has dramatically raised its pay bands for City-based lawyers to start at £64,000, becoming the first national player to effectively match top-end City rates.