The Law Society Gazette recently (July 2020) ran an article regarding the concern at Magic Circle and city firms that newly qualified solicitors will be seeing pay cuts and it may be a rocky year ahead for newly qualified and trainee solicitors. Struggling NQ City Solicitors? Examples are given by the Gazette of Allen and Overy paying £90,000 to newly qualified solicitors rather than £100,000 and Clifford Chance cutting newly qualified pay to £94,500. Hogan Lovells trainees will receive £85,000 as opposed to £90,000 when they qualify. The Law Society Gazette talks about newly qualified pay bouncing back the following year and it being a worry for newly qualified solicitors that they are going to get these low levels of salary. Vodafone Chief - a Dislike for Law Firms On the next page of the Gazette there is actually an article from the Head of Legal at Vodafone who has said she is troubled by rapid moves to lay off junior lawye...
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