Ashurst has raised its junior workforce salaries at every level, concentrating its resources on its 3 PQE associates.
First year trainees will receive a 2.5 per cent boost to their pay packets, with wages rising from £39,000 to £40,000. Second year trainee salaries will rise by 2.3 per cent from £44,000 to £45,000 and newly-qualified (NQ) lawyers will receive a 3 per cent boost, with salaries rising from £63,000 to £65,000.
One-year PQE associates will now receive a salary of £72,000, up 4.3 per cent from £69,000. Second-year associates will be paid £81,000, up 5 per cent from £77,000 and third-year associates will be paid £92,000, up 8 per cent from £85,000.
Ashurst operates a merit-based approach to pay, rather than a strict PQE progression system, so salaries are representative averages or ‘spot rates’.
The firm’s salary increases are more substantial than in recent years. In both 2012 and 2013 the firm kept pay static for trainees and NQs while in 2014 it upped pay by up to 3.3 per cent. Last year, associate pay remained flat following substantial pay hikes in 2013.
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