White & Case has increased its junior salaries, focusing significant resources on its newly-qualified (NQ) and one-year post qualification (PQE) lawyers.
As revealed by Lawyer 2B in April, the firm was considering raising its NQ salaries to the £90,000 mark earlier this year. It has now confirmed this rise, which sees NQ pay go from £75,000 to £90,000. This translates to an increase of 20 per cent, while 1 PQE salaries will jump by 19 per cent from £80,000 to £95,000.
At trainee level, the firm’s pay rises are more conservative. First year trainee pay packets are set to receive a boost of 2 per cent, from £43,000 to £44,000 while second years will be paid 4 per cent more, with a salary of £48,000 replacing one of £46,000.
At 2 PQE, lawyers will see a 9 per cent boost to salaries, from £92,500 to £101,000 while at 3 PQE salaries will jump by 5 per cent from £105,000 to £110,000.
While the firm’s hike at NQ and 1 PQE sits significantly above other rises this salary season, its approach broadly aligns with that of other firms. Freshfields Bruckhaus Deringer and Shearman and Sterling have been the only firms not to raise salaries at associate level, though Shearman & Sterling chose to boost trainee pay considerably.
Other US firms in London pay up to £101,000 to their NQs, with Latham & Watkins paying the highest wage and Locke Lord Edwards paying one of the lowest US firm wages at £61,000. Davis Polk & Wardwell, Gibson Dunn & Crutcher, Ropes & Gray, Sullivan & Cromwell and Weil Gotshal & Manges all pay £90,000 or above.
A White & Case spokesperson said: “This positive change is a result of strong individual and firm performance. The London office is pivotal to the firm’s global ambitions and continued success. White & Case is committed to its lawyers, who remain at the heart of the firm’s planning for the future.”
20 Apr 15: White & Case mulls NQ salary hike to £90k