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BCL Legal is warning law firms across the UK not to wait to see what their competitors are doing before setting their NQ salaries for 2011/12.
BCL Legal has approached a number of major firms in the regions. Some firms have announced their NQ salaries including Pannone, Hill Dickinson, Berrymans, Pinsent Masons and Eversheds but these only represent a small percentage of the regions’ practices to formally announce the figures despite the new batch of newly qualifieds taking up their roles next month. It seems this won’t be changing over the next few weeks.
James Batt, director at BCL Legal said, ‘Traditionally, we would have a much better understanding across the board of what NQs will be paid but firms are playing their cards very close to the chests this year. Our initial research shows that some are planning limited increases whilst others are opting to keep them the same as 2010. This isn’t great news as we all know the cost of living is on the rise. However, no-one can blame employers – especially within certain sectors as it remains tough out there.’