International law firm Allen and Overy has increased pay for its trainee and newly qualified lawyers by up to 4.7%.
First year trainees will see their salaries increase from £42,000 a year to £44,000, and annual pay for second year trainees will rise to £49,000 from £47,000. Newly qualified lawyers will receive a 3.1% pay rise to increase wages from £78,500 to £81,000 a year.
The new pay rates are effective from 1 May 2017, and apply to employees who qualified in September 2017.
Allen and Overy recruits between 80 and 90 trainees a year.
Allen and Overy was not available for comment.