January saw another flurry of announcements on pay for junior lawyers. Travers Smith confirmed that with bonuses, a newly qualified lawyer could now earn up to £127,000 per year, while Mayer Brown and Ashurst both raised their NQ base rates to £105,000.

Dana Denis-Smith, CEO of Obelisk Support

NQ lawyer salaries are hitting new heights across the board as top law firms seek to outdo each other in the war for talent. The battle to attract and retain staff is currently the most pressing concern for partners at top 200 UK firms, according to a report by litigation funder, Harbour.