Allen & Overy (A&O) is increasing associate pay levels by between £500 and £1,000, as the firm becomes the first of the magic circle to announce its 2012-13 rates. The small increases, effective as of 1 May, will see first-year post-qualification (PQE) rates increase from £68,000 to £68,500, second-year PQE rise from £74,000 to £74,500, while three-year PQE associates will see the biggest rise, from £85,000 to £86,000.
April 18, 2012 at 08:28 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) is increasing its associate pay bands by between £500 and £1,000, as the firm becomes the first of the magic circle to announce its 2012-13 rates.
The small increases, effective as of 1 May, will see pay for newly-qualified (NQ) lawyers rise by £500, up from £61,000 to £61,500, while trainee rates are being held stable, starting at £38,000 in the first year.
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