Ashurst announces pay rises for trainees

Ashurst has become the latest firm to boost trainee salary bands and increase its newly qualified lawyer (NQ) pay.

Rates for first year trainee solicitors have jumped from £37,000 to £38,000 while second year trainee salaries are up from £41,000 to £43,000.NQ salaries have also gone up by £1,000 from £60,000 to £61,000.

The news follows Hogan Lovells’ decision to announce pay rises for its trainees which are now at the same level at Ashurst (read story).

It also bolstered its NQ salary by £1,000, from £60,000 to £61,000.

Elsewhere, magic circle firm Freshfields Bruckhaus Deringer also announced a marginal increase in NQ salaries from £60,000 to £61,500, while Clifford Chance has upped bands for associates with one, two and three years’ post-qualifcation experience (PQE) but has frozen pay levels for trainees and NQ (read more).

Allen & Overy and Linklaters have both frozen bands at 2010-11 levels for the new financial year but will allow lawyers to pass through the bands as before (full story).