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SALARY SURVEY

Last update – June 2023

Noble Legal carry out extensive research into salary packages with respect to the various markets that we operate in. The salary information is regularly updated to ensure the advice is an accurate and current reflection of market rates.

SALARIES

London – Private Practice

Salaries per annum in British Pounds (£)

PQE Magic Circle New York Other US firms
NQ 115,000 – 125,000 150,000 – 179,000 105,000 – 130,000
1 125,000 – 134,000 160,000 – 190,000 110,000 – 138,000
2 130,000 – 142,000 175,000 – 220,000 114,000 – 152,000
3 140,000 – 150,000 190,000 – 245,000 122,000 – 168,000
4 152,000 – 162,000 210,000 – 265,000 130,000 – 182,000
5 160,000 – 172,000 230,000 – 290,000 138,000 – 195,000
Partner 550,000++ 600,000++ 450,000++
PQE Silver Circle Mid Sized City West End / Mid Town
NQ 105,000 – 120,000 82,000 – 108,000 68,000 – 82,000
1 108,000 – 126,000 86,000 – 112,000 72,000 – 87,000
2 115,000 – 132,000 90,000 – 116,000 75,000 – 92,000
3 122,000 – 138,000 95,000 – 122,000 78,000 – 97,000
4 128,000 – 144,000 100,000 – 130,000 82,000 – 102,000
5 134,000 – 150,000 104,000 – 137,000 86,000 – 108,000
Partner 420,000++ 280,000++ 180,000++

London – In House

Salaries per annum in British Pounds (£)

PQE Commerce & Industry Bonus
NQ 70,000 – 78,000 0 – 10%
1 74,000 – 82,000 5 – 15%
2 78,000 – 90,000 10 – 15%
3 85,000 – 95,000 10 – 15%
4 90-000 – 105,000 15 – 20%
5 100,000 – 115,000 15 – 25%
6 110,000 – 125,000 20 – 30%
7 125,000++ 25%+
General Counsel 180,000++ 25%++
PQE Financial Services Bonus
NQ 75,000 – 86,000 10-20%
1 85,000 – 95,000 15-30%
2 88,000 – 105,000 20-30%
3 95,000 – 120,000 30-40%
4 105,000 – 140,000 30-50%
5 120,000 – 160,000 40-60%
6 130,000 – 180,000 50-75%
7 150,000++ 60%++
General Counsel 300,000++ 75%++

Brussels

Salaries per annum in Euros (€)

Brussels

Salaries per annum in Euros (€)

Paris

Salaries per annum in Euros (€)

PQE Magic / Silver Circle New York
NQ 100,000 – 115,000 130,000 – 155,000
1 105,000 – 130,000 145,000 – 170,000
2 115,000 – 150,000 150,000 – 180,000
3 130,000 – 170,000 155,000 – 195,000
4 145 000 – 190,000 185,000 – 230 000
5 150,000 – 200,000 225,000 – 285,000
General Counsel 450,000++ 600,000++
PQE Magic / Silver Circle New York
NQ 100,000 – 120,000 120,000 – 140,000
1 105,000 – 135,000 135,000 – 155,000
2 120,000 – 140,000 150,000 – 170,000
3 130,000 – 155,000 155000 – 175,000
4 135,000 – 170,000 165,000 – 195,000
5 150,000 – 180,000 175,000 – 210,000
General Counsel 400,000++ 550,000+++

Dubai

Salaries per month in United Arab Emirates Dirham (AED)

PQE UK International firms Magic / Silver Circle US / New York
NQ 34,000 – 40,000 38,000 – 46,000 48,000 – 65,000
1 37,000 – 42,000 40,000 – 52,000 52,000 – 72,000
2 39,000 – 44,000 43,000 – 54,000 56,000 – 80,000
3 41,000 – 46,000 46,000 – 57,000 60,000 – 88,000
4 44-000 – 48,000 50,000 – 60,000 64,000 – 96,000
5 46,000 – 52,000 53,000 – 64,000 68,000 – 100,000
Partner 125,000++ 200,000++ 220,000++

Hong Kong

Salaries per annum in Hong Kong Dollars (HK$).

PQE International firms Magic / Silver Circle US / New York
NQ 900,000 – 1,100,000 1,100,000 – 1,300,000 1,500,000 – 1,800,000
1 950,000 – 1,150,000 1,150,000 – 1,400,000 1,600,000 – 1,950,000
2 1,100,000 – 1,200,000 1,200,000 – 1,550,000 1,750,000 – 2,150,000
3 1,050,000 – 1,250,000 1,280,000 – 1,650,000 1,950,000 – 2,300,000
4 1,120,000 – 1,300,000 1,350,000 – 1,750,000 2,100,000 – 2,550,000
5 1,180,000 – 1,380,000 1,400,000 – 1,900,000 2,300,000 – 2,800,000
Partner 2,500,000++ 3,500,000++ 4,500,000++
INCOME TAX

UK

In British Pounds (£)

National Insurance

In British Pounds (£)

National Insurance

In British Pounds (£)

Annual Income Applicable Tax
0 – 12,570 0%
12,571 – 50,270 20%
50,271 – 150,000 40%
125,140.01++ 45%
Annual Income Applicable Tax
Up to 1,048 p/m 0%
1,048 – 4,189 p/m 12%
Over 4,189 p/m 2%

Dubai

In UAE Dirham (AED)

Hong Kong

In Hong Kong Dollars (HK$)

Hong Kong

In Hong Kong Dollars (HK$)

Annual Income Applicable Tax
0++ 0%
Annual Income Applicable Tax
0 – 50,000 2%
50,001 – 100,000 6%
100,001 – 150,000 10%
150,001 – 200,000 14%
200,001++ 17%
BENEFITS

London

In British Pounds (£)

  • Annual leave 23-28 days, occasionally up to 30 after a number of years’ service: Some US firms offer 23 days, however most offer 25. Most other City and West End firms offer 25-28.
  • Pension: Most firms offer a pension in the region of 4-7% of annual salary (matched by you), however some top ranking US firms pay statutory pension of 3%.
  • Private Medical Insurance, often BUPA or PPP

  • Permanent Health Insurance

  • Life Assurance
  • Subsidised gym membership
  • Interest Free Season Ticket loan
BONUS SCHEME

Most firms have a bonus scheme in place, calculated on one or several of the following indicators:

  • Personal Billing bonus – % of salary over a specific level of annual hours billed

  • Firm profit scheme
  • Team bonus
  • Discretionary bonus: can include billing, business development, contribution to the team

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