Skip to content
City AM
Main navigation
Download free app
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Banking
      • Tech
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • Abu Dhabi Finance Week
      • AON
      • Bayes Business School
      • City of London BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Hercules
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Starmer slams Trump’s UK tariff threat over Greenland

      Keir Starmer's business adviser is reportedly being considering to become the UK's ambassador in the US.

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
      • The Punter
    • From our partners
      • The Morning Briefing: SBS x City AM
      • Aramco Team Series
      • LIV Golf
    • Featured

      NBA Europe open to sovereign wealth and in talks with family offices

      Getty Images logo on office building façade reflecting a modern city skyline at dusk, highlighting corporate presence and...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • New Openings
      • Toast the City Awards
      • The Magazine
      • City Winners
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Ariana Grande tickets for London musical ‘could easily go over £300’

      Breaking news event with officials at press conference addressing significant policy changes

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Readership Survey 2025
  • City AM Events
  • Newsletters
  • Latest Paper
  • Sign In
  • Sign Out
  • My Account

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

Take 2 mins to learn more at www.coinbase.com/uk-fca-info

NQ

  • Ropes & Gray offers junior lawyers 20 per cent billable credit for AI effort

    Legal

    US law firm Ropes & Gray has expanded its programme to give junior lawyers 20 per cent of their billable hours to experiment with generative AI to its European offices, including in the City. The ‘TrAIlblazers’ programme was floated across the firm’s US offices last year, but it is now being implemented in Europe for [...]

    Generative AI technology transforming business insights with advanced data analytics on digital interface
  • Big name, big pay, even bigger hours: Welcome to City law firms

    Legal

    The salaries of junior lawyers is a topic that sparks headlines, adding even bigger sparks to debates over 20-something-year-olds pocketing hefty wage packages. However, considering the hours they work and what is expected of them, the money is earned. US firms, many of which now dominate London, not only compete over lawyer rates but also [...]

    AI generated picture. Some junior lawyers at top City firms work on average 12-hour days.
  • Junior lawyers earn £44 an hour for 13-hour days

    Legal

    Junior lawyers at leading City law firms are regularly working well beyond standard hours, with many firms reporting their youngest staff routinely putting in over 12-hour days. According to research by Legal Cheek on over 2,000 trainees and junior lawyers, the London offices of top US law firms are leading the table, which is consistent [...]

    Some junior lawyers are on around £44 an hour as they clock over 12 hour days
  • Has the legal market pulled the brakes on the NQ pay war?

    September 4, 2025

    ‘City lawyers are the new bankers‘. This became a common refrain in the legal market as pay wars ramped up. However, the sentiment within the market suggests that the tide may be changing. Over the past several years, the pay war over newly qualified (NQ) lawyers has been a major talking point in the market, [...]

  • City law firm Addleshaw Goddard prioritises bonuses over junior pay raises

    August 28, 2025

    City law firm Addleshaw Goddard has pulled out of the junior salary war by freezing pay and relocating those funds to its bonus pot. As reported by trade publication The Lawyer, Addleshaw Goddard has reallocated £1m that would have been spent on higher salaries for newly qualified (NQ) lawyers, into its bonus pot, now worth [...]

  • Profit of top US law firms in London have dropped below £1bn amid M&A slowdown

    June 6, 2024

    Profits at the top US law firms in London have fallen below £1bn as the downturn in the M&A market is starting to have its effects

  • Last one standing: UK-US firm A&O Shearman latest to hike its junior lawyer salaries

    May 31, 2024

    One of the largest law firms in the world A&O Shearman has upped its newly-qualifie salary to £150,000 for its London lawyers

  • Next stop £195,000? Another law firm hikes junior lawyer pay

    May 29, 2024

    Clifford Chance is the latest magic circle firm to raise its newly-qualified salary in a salary war that has no sign of slowing down

  • US law firm ups starting salaries in London to a whopping £180,000

    May 10, 2024

    The US firm's decision to hike its pay for newly qualified London lawyers now makes it one of the highest paying firms in the City.

  • Magic circle law firm Freshfields ups NQ salary to £150,000

    May 3, 2024

    As the salary war in the legal market battles on, magic circle law firm Freshfields has just increased its NQ lawyers' salaries to £150,000

Trending Articles

  • Manchester United owner Ratcliffe cuts asking price in bid to offload club

  • Why does no one want to buy Costa Coffee?

  • Gary’s Economics predictions are unravelling

  • Coca-Cola abandons Costa Coffee sale plans as Asda owner bids low

  • Arsenal owner Stan Kroenke becomes largest private landowner in US

Subscribe

Subscribe to the City AM newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • Got a story?
  • About City AM
  • Careers
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance
  • City AM Events
  • City AM Curated
  • The Punter
  • City Winners
  • Casino

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
  • Newsletters
  • Advertising
  • About
  • Tickets
Copyright 2026 City AM Limited