Lovells, Simmons & Simmons and Nabarro are the latest firms to increase newly-qualified salaries to meet the new City benchmark.

The increases, effective from 1 May, take Lovells’ and Simmons’ newly-qualified salaries from £55,000 to £63,500 – joining Clifford Chance, Slaughter and May and Norton Rose at that rate. Nabarro has increased its newly-qualifed rate to around £62,500.