Magic Circle Salaries
June 9, 2011 by Damian
For anyone heading over to London in the not too distant future, I thought that you would be interested in the following article from Legal Week.
http://www.legalweek.com/legal-week/news/2076615/clifford-chance-announces-pay-rises-city-associates
As you will see, even given the very poor exchange rate, these figures are still pretty mouth watering. (Even more frightening are the salaries on offer in the US firms based in London where you can add up to GBP15-20,000 onto these figures in some instances). Consequently, someone at the three year level at one of these Magic Circle firms can earn a similar wage to a senior associate in a top tier firm here.
That is the good news. The not so good news is that it is still very difficult to secure a role in one of these Magic Circle firms and only those working in a top tier or highly regarded boutique firm will stand any chance of availing themselves of one of these very attractive salaries. However for those of you who can, you literally will be ‘quids in’.
If anyone out there reading this would like to have a conversation with me about the London market, please get in touch now. I would be delighted to assist you.
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