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Evening Standard
Evening Standard
Business
Michael Hunter

City salaries rocket to £185,000 for newly-qualified lawyers in war for talent

Robert Walters, the City recruitment firm, has roots dating back to the Big Bang deregulation of the 1980s (PA)

(Picture: PA Archive)

The average annual salary for a newly-qualified City lawyer has soared to £185,000 a year according to London headhunter Robert Walters, as a war for talent in a tight labour market comes when reports of firms paying ”stupid money“ are rife. 

Alan Bannatyne, chief financial officer and an industry veteran of 20-years’ standing, told the Standard the rise was “significantly up on everything” he’d seen previously, rising from £165,000 in January, in a trend that looks set to last. 

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