BS LegaMid-year - Flipbook - Page 7
BARCLAYSIMPSON.COM
7
Salary
trends
LEGAL & COMPANY SECRETARIAL | RECRUITMENT MARKET UPDATE 2024
Currently, budgets are tight and the cost of initial
hires is expensive in order to compete with private
practice salaries. Teams must therefore work hard
to justify salary increases or additional headcount,
with extra budget often spent on expanding teams
to combat high workloads.
With the market so subdued, in-house to in-house
moves are producing increases in the 10% to 15%
range, while those who remain with their current
employer can expect increases of circa 5%.
Investment Banking
London
South East
Regional
Newly Qualified (0-1 yrs exp)
£70k — £85k
£60k — £70k
£60k — £70k
Junior Lawyer (2-3 yrs exp)
£80k — £110k
£70k — £90k
£70k — £85k
Lawyer (4-5 yrs exp)
£105k — £135k
£90k — £110k
£80k — £105k
Lawyer (6-7 yrs exp)
£120k — £150k
£105k — £125k
£100k — £120k
Senior Lawyer (8+ yrs exp)
£130k — £170k
£115k — £130k
£110k — £130k
Head of Legal
£180k — £250k
£130k+
£120k+
General Counsel
£180k — £50k
£160k+
£150k+
London
South East
Regional
£60k — £75k
Asset Management/Wealth Management
Newly Qualified (0-1 yrs exp)
£70k — £95k
£60k — £80k
Junior Lawyer (2-3 yrs exp)
£90k — £120k
£80k — £100k
£70k — £95k
Lawyer (4-5 yrs exp)
£110k — £140k
£100k — £120k
£90k — £110k
Lawyer (6-7 yrs exp)
£125k — £150k
£110k — £130k
£100k — £120k
Senior Lawyer (8+ yrs exp)
£140k — £170k
£125k — £150k
£110k — £130k
Head of Legal
£180k — £250k
£140k — £180k
£120k — £150k
General Counsel
£200k — £500k
£170k — £250k
£140k — £220k
London
South East
Regional
Newly Qualified (0-1 yrs exp)
£70k — £85k
£60k — £80k
£60k — £75k
Junior Lawyer (2-3 yrs exp)
£85k — £110k
£80k — £100k
£70k — £90k
Lawyer (4-5 yrs exp)
£110k — £140k
£100k — £120k
£90k — £110k
Hedge Funds/Private Equity
The prospects for salary progression over the next
6-12 months will depend on increased levels of
corporate activity and fundraising to materially alter
the existing recruitment market dynamics around
supply and demand and career progression.
However, higher demand has resulted in some
upward movement in co-sec salaries in 2024, a
trend that we expect to spill over into next year if the
broader commercial landscape continues to stabilise.
London
Newly Qualified (0-1 yrs exp)
£70k — £95k
Junior Lawyer (2-3 yrs exp)
£90k — £120k
Lawyer (4-5 yrs exp)
£110k — £140k
Lawyer (6-7 yrs exp)
£125k — £150k
Senior Lawyer (8+ yrs exp)
£140k — £170k
Head of Legal
£180k — £270k
General Counsel
£200k — £700k
Insurance
Lawyer (6-7 yrs exp)
£125k — £150k
£110k — £130k
£100k — £120k
Senior Lawyer (8+ yrs exp)
£140k — £160k
£125k — £150k
£110k — £130k
Head of Legal
£160k — £250k
£140k — £180k
£120k — £150k
General Counsel
£200k — £400k
£170k — £250k
£140k — £220k
