Pinsent Masons is to raise its pay for newly qualified lawyers in London by over 22 per cent from £75,000 to £92,000 while the regional offices will get a 35.5 per cent increase to £61,000.
A spokesperson for the firm said in a statement: “We recognise the importance of remaining competitive to attract and retain talent, of which remuneration is a factor. As a purpose-led professional services firm our focus remains on creating an environment that presents opportunities for development, champions innovation and promotes wellbeing for our next generation of lawyers.”
The increases follow many UK firms who have lifted their rates as last month Addleshaw Goddard said it will raise the starting salaries for its NQs in London to £95,000, while lawyers in the firm’s offices in Leeds and Manchester will see their pay increase by 24 per cent from £50,000 to £62,000.
The regional law firm battle was set off by DLA Piper that increased its NQ pay for lawyers outside of London from £48,000 to £65,000