Do the hazmat.
Covington & Burling has increased the salary for its newly-qualified solicitors in London to £128,000, and to a maximum of £225,000 for its senior associates.
It is the first time the US firm has increased NQ pay since 2019, when it began paying its newly-qualified solicitors £120,000.
The latest raises place Covington s salaries above those offered by Magic Circle firms, which now pay their NQs £100k (though at Allen & Overy you will need a bonus to get there), but below a few of its US peers, some of which (such as Kirkland & Ellis, Debevoise & Plimpton, and Vinson & Elkins) are paying their NQs base salaries in excess of £140,000.
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