Herbert Smith Freehills Raises Pay For Newly Qualified Solicitors
London international law firm Herbert Smith Freehills has increased its total compensation for newly qualified solicitors to £107,000. The firm has also confirmed an impressive autumn trainee retention result of 97%.
Newly qualified solicitors at Herbert Smith Freehills’ London office will now earn £107,000, consisting of an undisclosed base salary and a bonus. In their first year at the firm, trainees will take home £47,000, with this figure increasing to £52,000 in their second year at the company.
Other UK law firms have also recently increased their compensation packages for newly qualified solicitors. Amongst these firms are Eversheds Sutherland, CMS, and DLA Piper.
Herbert Smith Freehills has also announced a strong autumn retention score of 97%. The firm held on to 28 out of 29 qualifying trainees. All 29 trainees had made applications for permanent positions, however, 28 offers were made with all offers being accepted.
