Reed Smith’s latest London newly-qualified associates will take home a range of base salaries from £100,000 to £132,500, calculated dependent on hours billed.

If NQ lawyers hit their target of 1700 billable hours then they will take home a base rate of £107,500, up from £90,000, a person at the firm said on Monday. That new rate is in line with several U.K. led firms, including Allen & Overy and Linklaters.