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Salary

8.0 / 10

(based on 27 ratings in 2019)

2019

"It's on par with some of the Magic Circle firms (although considerably behind the Americans) and there is a firm-wide bonus that trainees are entitled to once they have been at the firm for a year."
Second year trainee, London
"The firm pays well and trainees receive the firm-wide bonus (but are not eligible for the additional discretionary performance bonus). New qualifier salaries are comparable to Magic Circle firms and the work/life balance is generally better here, so I have no complaints."
Second year trainee, London
"We sit in the upper bracket for UK firms when it comes to new qualifier pay with an impressive bonus structure that rewards high performance. We avoid working US hours but that is reflected in overall remuneration."
First year trainee, London
"We get competitive pay that fairly reflects hours and expectations."
First year trainee, London
"The trainee salary is good and trainees receive firm-wide annual bonuses but no performance bonuses."
Second year trainee, London
"I think that the pay has always generally been in line with the rest of the City. However, I feel like the pay should be slightly towards the higher end of the market for the hours worked, the level of work being done and the drastic increases in turnover/profits in recent years. Similar firms pay more."
First year trainee, London
"The pay is very fair for a non-US law firm, with increases every year."
First year trainee, London
"The pay is good and very comparable with other City firms. The bonus structure is fair and transparent."
First year trainee, London

2018

"We're among the best-paying English firms and the bonuses are generous."
First year trainee, London
"Our pay is in line with other silver circle City law firms. We receive a firm bonus at the end of the year and an individual bonus once qualified."
First year trainee, London
"Our pay is in line with that of other firms around us and we participate in the firm-wide bonus, which is a nice little add on. We are eligible for individual bonuses once we qualify too."
First year trainee, London
"The pay is generally good. I'm looking forward to my pay going up as a second-year trainee. I think we're paid either in line with, or higher than, a lot of other firms in the City (other than US firms), so I have nothing to complain about."
First year trainee, London
"We are paid very well in comparison with other City firms, but of course fall behind American firms."
Second year trainee, London
"The pay is fine at the trainee level (especially when bonuses are factored in) but I think some people at associate level (in departments like mergers and acquisitions and banking) feel that they work similar hours to associates at US firms for considerably less money. The trade-off is culture but everyone has their own priorities."
First year trainee, London
"The firm-wide bonus is very welcome once you've been here a year. Other performance bonuses apply once you've qualified."
Second year trainee, London
"Let's just say that you don't mind getting the odd round or two in when on a trainee salary at Macfarlanes LLP!"
First year trainee, London

2017

"Our salary is broadly comparable to other firms in the bracket but I suspect bonuses are lower. First-year trainees don't get a bonus and second-year trainees are only eligible for the firm-wide bonus."
First year trainee, London
"It's in line with the market but not overly exciting."
Second year trainee, London
"We are getting a big boost this year and I think the pay is great, considering the flexibility we have around working."
Second year trainee, London
"Pay has just risen again and it does so fairly consistently."
Second year trainee, London
"Don't expect bonuses at this stage but pay seems fair without being extravagant."
Second year trainee, London
"We are paid very well for what we do and I think that the bonus structure seems to work well."
Second year trainee, London
"The overall pay package is competitive."
Second year trainee, London
"We are paid a firm-wide bonus, which is nice. Trainees are generally paid according to the market."
Second year trainee, London

2016

"Could be higher, but generally happy. Bonuses are linked to personal and firm performance."
First year trainee, London
"Despite recent pay increases, pay still lags behind US and magic circle firms with whom we are expected to compete."
Second year trainee, London
"We get paid very well, especially at new qualifier level. I hope that this will rise in line with many other firms at our level, but I'm quite happy at this stage."
First year trainee, London
"Fair reflection of the hours/work put in by trainees."
First year trainee, London
"Trainee salaries lag behind market average and should be higher, but trainee bonus is excellent. New qualifier pay is close to most magic circle and silver circle firms, but the firm should consider rolling the basic element of the bonus into salaries."
Second year trainee, London
"Towards the higher end of City firms though dwarfed by American and magic circle firms."
First year trainee, London
"Trainees are entitled to a firm-wide bonus. Pay at junior levels is not as high as at certain comparable firms (especially in comparison to partner profits) but is not unreasonable."
Second year trainee, London
"They appear to be generally in line with other City firms."
Second year trainee, London

2015

"At a trainee level, the salary is in line with other City firms."
Second year trainee, London
"I am happy with my pay, and the bonus structure (although I am yet to receive one) means that when all is said and done we earn roughly the same as large Magic Circle firms."
Second year trainee, London
"Personally I would say that pay is fine at trainee level."
First year trainee, London
"My salary is very adequate; it is higher than a lot of other comparable firms."
First year trainee, London

2014

"The salary is very good, and commensurate with other city firms. Bonuses are fine, although trainees do not get performance-based bonuses. We have performed well recently and everyone received the 5% bonus firm wide."
Second year trainee, London
"Pay is really good and trainees receive bonuses which is highly unusual at law firms."
First year trainee, London
"I think that bonuses are small, but the basic salary is extremely competitive."
First year trainee, London
"I think that the firm have the balance right in terms of pay."
Second year trainee, London
"I think that the salary is pretty much on-par with the rest of the City law firms."
First year trainee, London
"The firm offer excellent pay and bonuses package in my opinion!"
First year trainee, London
Our 'Inside Buzz' reviews are the comments and views of recent graduate recruits, giving you a view of what it may be like to work for an organisation. Copyright of all TARGETjobs Inside Buzz material lies solely with GTI Media.
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