"Heating off. Duvet jacket and multiple jumpers purchased - £900 well spent."
Irwin Mitchell is giving staff an extra £900 this month "in light of the challenging external circumstances affecting the cost of living".
A spokesman for the firm told RollOnFriday: "We’re making this payment as an acknowledgement of the challenges some colleagues are currently facing from increases in the cost of living, in particular fuel and energy prices.”
The one-off payment is being paid to all staff below partner level, and is in addition to the firm's normal annual pay review and bonus calculations which take place over the summer. Irwin Mitchell's spokesman added: "A set amount was chosen to ensure those in lower pay brackets benefitted appropriately".
Others in the legal profession won't be feeling the pinch in the same way, as the pay war in the City rumbles on. Weil has raised NQ base salary in London from £145k to £150k (not including bonuses), effective from January this year. Weil's NQs are now on a par with their counterparts at Skadden and Latham & Watkins.
Weil's NQs don't quite make the £160k+ club, which includes the likes of Akin Gump, Goodwin Procter and Gibson Dunn; but they should be able to make it through the winter, without having to set fire to the kitchen table for heat.
RollOnFriday understands that Weil's salary bands, which took effect from January 2022, are as follows :
Pinsent Masons has announced that from September it will hike its NQ base salary in London from £75,000 to £92,000 - a rise of 22%. NQs in the firm's regional offices will receive a 35% rise from £45,000 to £61,000.
A Pinsent Masons spokeswoman said: “We recognise the importance of remaining competitive to attract and retain talent, of which remuneration is a factor.”
When asked whether the firm was raising pay for other staff bands, the spokeswoman replied: "The changes we’ve made to salary bandings so far relate to our NQ community" and that "salaries for other staff will be reviewed as part of our usual July pay review."
When the salary rises come into effect in September, Pinsent Masons' London NQs will be on the same level as Dentons (£92k), and a smidge above the likes of Ince and Stephenson Harwood (£90k). The tier just above (£95k) includes CMS, Eversheds Sutherland, DLA Piper and Norton Rose Fulbright.
HFW is increasing NQ pay from £73.5k to £85k from July.
A spokesman for the firm told RollOnFriday that associates can "also receive a one-off bonus of up to £10k, payable this month, to recognise strong performance in FY22. This is in addition to our annual performance-related bonus scheme."
When asked whether there would be pay rises at other PQE levels, the spokesman said: "The pay increase will cascade upwards for other associates." However, the firm declined to provide further details.
HFW's new NQ salary of £85k will put them level with their counterparts at Fieldfisher and Gowling WLG. The salary is just above Mishcon (£83k), and a fraction below Bird & Bird (£88k).
Is your firm raising salary, or dishing out cash in response to the cost of living crisis? Let RollOnFriday know.