Regional industrial regulation companies are boosting salaries for newly certified solicitors by greater than 20 per cent as they battle to maintain tempo with the Metropolis pay struggle.
Researchers discovered that Osborne Clarke’s Studying workplace had elevated salaries by £11,000 to £65,000 in only a yr amid fears that heavyweight London authorized practices will rent the cream of junior attorneys. Burges Salmon, a Bristol regulation agency, additionally elevated pay for its newly certified solicitors by 20 per cent to £60,000.
The figures for outstanding regional companies got here as Reed Smith turned the newest Metropolis follow to lift its beginning pay to £107,500. Nonetheless, a number of US regulation companies within the Sq. Mile pay their first-year attorneys extra, with Vinson & Elkins, which relies