Slaughter and May has unveiled its new pay package for junior lawyers in the City, with the magic circle firm announcing salary increases of up to 15% and introducing a flat-rate bonus payment of 15% of salary.
Slaughters announced today (31 October) that it is hiking salaries for newly-qualified lawyers by 15%, up from £54,000 to a new mark of £60,000. Associates of two years’ post-qualification experience (PQE) will be paid £73,000, an increase from £67,500.
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