How much does a newly qualified solicitor earn?
Qualified solicitors’ salaries
Starting salaries for newly qualified solicitors in larger commercial firms and those in the City will be from £58,000 to £65,000, with the larger City firms paying £80,000 or more.
How much does a newly qualified solicitor earn UK?
Trainee solicitor salaries range from approximately £19,000 per year in smaller commercial and high street practices right through to around £43,000+ per year in larger commercial city law firms. The recommended minimum salary for a London trainee solicitor is £22,212. Outside of London, this is £19,619.
How much does a trainee solicitor earn?
Most City firms are offering salaries between £40,000 and £50,000 to first-year trainees. Salaries on qualification as a solicitor with these firms are often between around £70,000 and £130,000. American firms with London offices have tended to offer the highest salaries to their trainees.
What is the best paid job in the UK?
Highest paying jobs in the UK
- Aircraft Pilots and Flight Engineers – £92,330.
- Chief Executives and Senior Officials – £85,239.
- Marketing and Sales Directors – £80,759.
- Legal Professionals (n.e.c.*) – £77,212.
- Information Technology and Telecommunications Directors – £69,814.
- Financial Managers and Directors – £67,114.
What is a good salary in the UK?
What is the Average UK Salary in 2020/2021? According to the ONS, in 2020 the average UK salary was £38,600 for a full-time role and £13,803 for part-time role. This is an increase from their 2019 figures, which placed the average UK wage for a full-time role at £36,611 and part-time at £12,495.
How much do solicitors charge UK?
A solicitor’s fee for setting one up will usually range from about £500 for the simplest kind to around £800. If you’re seeking a divorce, or your spouse is divorcing you, then you can ensure a fair financial settlement with the help of a financial adviser.
What is the highest paid solicitor?
Highest-Paid Specialties for Lawyers
- Medical Lawyers. Medical lawyers make one of the highest median wages in the legal field. …
- Intellectual Property Attorneys. IP attorneys specialize in patents, trademarks, and copyrights. …
- Trial Attorneys. …
- Tax Attorneys. …
- Corporate Lawyers.
What is the minimum wage for a trainee solicitor?
As a matter of good practice, we’re recommending that providers of training contracts and qualifying work experience should pay their employees £22,794 in London and £20,217 outside London.
Is a trainee solicitor a fee earner?
Fee earner categories
According to the law society there are four categories of fee earners. Broadly speaking they are solicitors, trainee solicitors, chartered legal executives, costs lawyers and paralegals.