German firms have taken a more 'wait-and-see' approach to the pay war but are now starting to take action.
December 01, 2021 at 06:02 AM
2 minute read
Correspondent, Düsseldorf
Hengeler Mueller is the latest major law firm to enter the intensifying pay war in Europe, increasing pay for its newly qualified (NQ) lawyers by more than a third, surpassing many of its German and international rivals.
Starting from January 2022, NQs at the firm can earn a maximum of €160,000. NQs can expect to receive a base salary of €150,000 a year, plus an additional €10,000 sign-on bonus for those with an LLM—up by €40,000 on the current sums of €110,000, or €120,000 with an LLM.
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