As US firms match the Cravath scale, domestic UK firms will fear falling too far behind.
January 26, 2024 at 07:29 AM
4 minute read
Reporter
A number of U.S.-centric firms across London have started to once again raise salaries for their newly qualified (NQ) associates, matching the Cravath scale, in turn adding pressure to U.K-headquartered firms which have been slower to review their junior pay structures.
NQ rates at a number of U.S firms in London are now routinely exceeding the £170,000 mark, as firms apply the Cravath salary scale to their U.K. pay rates.
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