Bingham McCutchen has confirmed it is maintaining its £100,000 newly qualified (NQ) lawyer salary following its latest salary review.
The news means that the firm’s NQ salary remains at the very top end of the remuneration packages paid by US firms to junior lawyers.
Firms Sullivan & Cromwell and Quinn Emanuel follow, offering their NQs £97,500 pay packages (20 January 2012).
Meanwhile, Kirkland & Ellis and Weil Gotshal & Manges recently bolstered their salaries for their London-based associates to £97,000 following their latest salary reviews (5 January 2012).
The findings highlight the continuing gulf between the wages paid at leading City firms and those at their US rivals, with magic circle pay only sitting between £61,000 and £61,500 for 2011-12 (7 June 2011).