2020 UK City Law Firms Market Report and Salary Guide

Darryn Hale Salary Guide

In contrast to predictions, 2019 was an active year for law firms and saw practices increase remuneration across the board to attract the best lawyers. Post election, the final two weeks of 2019 and the start of 2020 were marked by a tangible increase in confidence and an uptick in the number of transactional roles available.  The Covid19 epidemic has had a significant impact and the market has still not really adjusted and remains in shock.

As the world economies start to slowly heal and recover we anticipate that the City will still remain a strong pull for international lawyers from jurisdictions such as Australia, South Africa, New Zealand, Singapore, Hong Kong, Canada and Ireland. Whilst there is no standard PQE discount to compensate for the adjustment to a new jurisdiction, or for the absence of a formal training scheme, we have seen many of these international lawyers successfully moving to US firms, Magic Circle and top-tier UK firms.

If you would like to download the full 2020 UK City Law firms Market Report and Salary Guide please fill in the form below.

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