Clifford Chance and Baker McKenzie have become the latest law firms to increase the compensation on offer to their junior lawyers, as the U.K. legal market continues to boost salaries and perks for associates.

Baker McKenzie is raising its base pay for London newly-qualified (NQ) associates from £90,000 to £105,000 – an increase of 17% – from March 2022, according to a statement from the firm on Tuesday. All-fee earners will also be eligible for a discretionary bonus, the firm added.