Salary survey: London mid-size
London’s mid-market is diverse, with a wide range of firms specialising in different areas and succeeding or struggling depending on their strategy. The range of salaries potentially available reflects this, with firms such as Farrer & Co paying their NQs close to £60,000 and others, like Winckworth Sherwood , paying nearer to £47,000.
At the time the salary survey was conducted in April, a solicitor with 1-3PQE at a mid-size firm could expect to be earning in the region of £65,000. Corporate and banking associates typically earn the most – approaching £70,000 – while those in litigation, intellectual property and real estate-related practices are paid closer to £57,000 on average.
Solicitors with 4-6PQE earn around £78,000 at mid-size firms in London – about £10,000 less than their peers at larger London rivals. Once again, corporate and finance lawyers come out on top for pay, but the gap is not as pronounced as at larger firms, with 4-6PQE corporate lawyers earning about £2,000 more than litigators and £4,000 to £5,000 more than real estate and IP lawyers.