There are many things to consider when planning your legal career and earning potential is just one. Discover how your location and specialism can affect your salary
How much are trainee solicitors paid?
While there is technically no minimum salary for trainee lawyers, the Law Society recommends a minimum of £22,121 for those training in London and £19,619 for trainees elsewhere in the country.
In reality, trainee lawyer salaries vary widely across the UK and your location is one of the biggest factors affecting what you'll earn.
Firms in London often pay trainees above and beyond the recommended minimum. For example, the Magic Circle - comprised of London's five most prestigious law firms - currently offers trainee salaries in the region of £40,000 to £42,000. However, it's the USA-based firms (usually found in London) that pay the most impressive wages. For example, Kirkland & Ellis pay first-year trainee solicitors £50,000, while White & Case offer a salary of £46,000.
While firms outside the capital tend to pay less, their pay packets are not to be dismissed. First-year trainee salaries in regional law firms range from £18,500 to £39,000. High street firms typically offer training salaries of £22,000 to £30,000.
Trainee salaries in Scotland are typically lower than the rest of the UK - the Law Society of Scotland’s recommended rate is just £19,000 for trainees in their first year. To find out more, see solicitor, Scotland.
Trainee solicitors are expected to work long and tiring hours and, at the start of your training contract, client contact will be minimal and the majority of your tasks will be administrative. Qualifying as a solicitor is a long process and the training contract is the final hurdle. As such, many trainees, especially those at City or Magic Circle firms, are rewarded with high salaries.
The current stipulated minimum award for pupil Barristers (those completing a one-year pupillage is £12,000, although many chambers pay more than this. From September 2019 this will rise to £15,728 for those outside of London and £18,436 for those in the capital.
How much do lawyers earn after qualifying?
As a newly-qualified lawyer it's likely you'll enjoy a considerable jump in your earnings.
As a member of a Magic Circle firm you can expect an impressive salary. Freshfields Bruckhaus Deringer recently boosted its salary for newly qualified solicitors to £100,000 making it the highest paying Magic Circle firm. Other Magic Circle firms pay salaries of £91,000 (Clifford Chance) and £83,000 (Allen & Overy, Linklaters and Slaughter and May).
USA-based firms also offer some of the highest remuneration packages to their newly qualified lawyers.
- Kirkland & Ellis pay their London-based newly qualified solicitors £143,000.
- White & Case offer £105,000 to qualified lawyers at its London office.
As well as higher rates of pay, working for an international firm opens you up to opportunities for travel and work abroad.
Working at a City firm your work/life balance may be compromised but your salary is sure to reflect your hard work. For example:
- Ashurst pay new lawyers £82,000
- Hogan Lovells offer a salary of £78,000
- Norton Rose Fulbright pay £77,000
- CMS provides a £70,000 pay packet to newly qualified solicitors.
You can expect these figures to rise year-on-year as you gain post-qualified experience (PQE). If you become the partner of a firm your salary could potentially reach in excess of £100,000.
To find out more about Magic Circle, USA-based and City firms, see top UK law firms.
You'll earn less elsewhere in the country and at smaller firms, but will likely progress up the ranks quicker and be given more responsibility earlier on in your career. Salaries for newly-qualified lawyers across the rest of the UK are in the region of £26,000 to £55,000.
As a newly qualified solicitor in Scotland, you can expect to be paid around £30,000 rising to £38,000, depending on your area of private practice or whether you're working in house. This can increase to around £45,000 after three years' experience.
Which areas of law pay the most?
Along with your geographical location, the area of law you choose to specialise in can have a big impact on your earnings.
You'll find the highest salaries in areas of law that deal with high-profile companies on national and international scales, such as commercial, corporate and EU law.
At the other end of the scale, more personal areas of law are less likely to draw big-figure salaries, as are lawyers working on more local cases in high street firms. Personal injury and family lawyers are two types of law that fall into this group.
However, no matter which specialism you choose, employees in the law sector enjoy some of the highest salaries in the country, with many firms offering bonuses and generous pay rises, as well as benefits such as health insurance, gym memberships and travel subsidies.
And remember that while it's tempting to let salary information dictate your career choices, don't let the figures deter you from pursuing an area of law that you're really passionate about. Money isn't everything and there are plenty of other things to take into consideration when mapping out your law career. For example, weighing up which qualification route is right for you, which areas of law hold your interest and what type of firm is the best fit.