Mishcon de Reya has increased its 2026 NQ salary to £110,000, effective from September.
In addition, the firm announced that it has increased its trainee salaries. First-year trainees will receive a salary of £52,500 and second-year trainees a salary of £57,500, effective from July.
Earlier this year, the firm announced that Associates, Managing Associates and Of Counsel will be eligible for an additional bonus if they work significantly in excess of their standard expected hours. The bonus, which is in addition to the existing bonus scheme that rewards high performers, has been introduced to attract and retain talented employees, ensuring that the firm’s lawyers are rewarded well and competitively for effort and excellence - including the use of AI - particularly when clients require intensive support.
The firm has not changed its chargeable hours expectations; this means the firm’s lawyers can find the balance that best suits their lives and circumstances, either by emphasising work/life balance or longer hours.
Vanessa Dewhurst, Partner and Chief People Officer at Mishcon de Reya, said:
“Our people are at the heart of our growth, our culture and our success and rewarding them fairly, competitively and sustainably is at the core of our strategy.
“Each year we assess how to provide a remuneration package that aligns with the firm's growth and to ensure that we continue to attract the brightest talent in the market. These increases, along with the additional bonus scheme, ensure we can competitively reward both the financial contributions and wider contributions that create long-term value for the firm and clients.”