Slaughter and May has raised unveiled its new pay bands for associates, bringing the elite City firm into line with magic circle rivals Allen & Overy (A&O) and Freshfields Bruckhaus Deringer.
Newly-qualified (NQ) lawyers at the firm will now earn £65,000, an increase of £1,500 on the previous rate, climbing to £67,000 six months after qualification. Lawyers with one year post-qualification experience (PQE) will take home £71,500, progressing to £76,000 at 18 months’ PQE and £84,000 after two years with the firm.
