How much do Slaughter and May trainees earn?
Financial benefits An interest-free financial hardship loan of up to £3,000 is available to our future trainees. Salaries for our trainees are currently: First 12 months: £50,000. Second 12 months: £55,000.
How many trainees does Slaughter and May have?
Magic circle outfit Slaughter and May has posted its spring 2020 retention score, revealing 29 of its 31 soon-to-be associates were staying put post-qualificaiton. This hands the firm, which takes on around 80 trainees each year, a solid result of 94%.
Do trainee solicitors get a bonus?
First year trainees — who are paid £41,000 a year — will take home an extra £1,640 this December. Trainees in their second year — who are paid £46,000 — will receive an extra £1,840. Associates in excess of four and half years post-qualification experience at the firm will be in line to receive the largest bonuses.
How prestigious is Slaughter and May?
Founded in 1889, Slaughter and May is considered to be one of the most prestigious law firms in the world and is a member of the “Magic Circle” of elite London-headquartered law firms.
How many seats does a trainee solicitor have to do?
Each department you work in is known as a “seat”. You will typically do four six-month seats or six four-month seats over the course of your training contract, depending on the law firm.
What is the average salary for a Trainee Solicitor?
£41,436 per year
Trainee Solicitor Salaries in London Area The average salary for Trainee Solicitor is £41,436 per year in the London Area. The average additional cash compensation for a Trainee Solicitor in the London Area is £1,986, with a range from £539 – £7,322.
How much do trainee lawyers get paid?
Average trainee salary by region
| England and Wales | £27,576 |
|---|---|
| City of London | £35,856 |
| Other London | £27,812 |
| South West England | £22,678 |
| South East England | £21,350 |
Do you get paid during a training contract?
Will I get paid? All trainee solicitors receive a salary, but this varies depending on the firm and location. From August 2014, the SRA announced that firms were only required to pay trainees the national minimum wage.