Newly merged Hogan Lovells is the latest firm to unfreeze associate salaries, raising rates for assistants as well as allowing them to progress through the lockstep.
Hogan Lovells has announced that it has increased its newly qualified (NQ) pay to £60,000 from £59,000 and is moving associates up to the next pay band.
Wages for first and second year trainees, meanwhile, have remained unchanged at £37,000 and £42,000 respectively.
Legacy Hogan & Hartson trainees will continue to earn £39,000 during their first year, while second years will pocket £42,000.
Meanwhile, Norton Rose has upped its first year salaries from £35,700 to £37,000 but NQ’s will continue to earn £59,000.
Further down the pecking order Bird & Bird has confirmed that it is keeping its NQ and first and second year trainee salaries on hold at £55,000, £37,000 and £35,000 respectively.