Pay freeze for trainee solicitors Category: Professions - Posted On: Oct 7 2021 Businesses have faced one of the most difficult trading periods in recent memory with many firms continuing to feel the effects of the coronavirus pandemic. As restrictions continue to ease, we have seen a recent upturn in business for some practices but the constant pressure of controlling their costs during these uncertain times has led to the Law Society of Scotland holding the recommended salary levels for trainee solicitors. The recommended pay for trainee solicitors will remain unchanged for the second year in a row, due to the ongoing economic impact of coronavirus. This means that first year trainees should continue to receive a minimum salary of £19,500 and £22,500 for second-year trainees. While the recommended rate is only advisory, it does set the benchmark for member firms. As many firms continue to feel the financial pressures of coronavirus, the Law Society of Scotland states that more than 95% of current trainees are paid at or above the recommended rates. Employers do have discretion when setting their salary levels for trainees, however the Law Society of Scotland will continue to decline registrations for training contracts where the salary level is less than the National Living Wage, as set by the Living Wage Foundation. Trainee solicitors are the future of the profession and given the adverse impact on recruitment of qualified solicitors following the reduction of trainee appointments on the back of the financial crisis in 2008, it is important to continue investing in trainees, wherever possible. For assistance with your business plans and budget, please contact our EQ Professions team at professions@eqaccountants.co.uk or by calling one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Pay freeze for trainee solicitors Category: Professions - Posted On: Oct 7 2021 Businesses have faced one of the most difficult trading periods in recent memory with many firms continuing to feel the effects of the coronavirus pandemic. As restrictions continue to ease, we have seen a recent upturn in business for some practices but the constant pressure of controlling their costs during these uncertain times has led to the Law Society of Scotland holding the recommended salary levels for trainee solicitors. The recommended pay for trainee solicitors will remain unchanged for the second year in a row, due to the ongoing economic impact of coronavirus. This means that first year trainees should continue to receive a minimum salary of £19,500 and £22,500 for second-year trainees. While the recommended rate is only advisory, it does set the benchmark for member firms. As many firms continue to feel the financial pressures of coronavirus, the Law Society of Scotland states that more than 95% of current trainees are paid at or above the recommended rates. Employers do have discretion when setting their salary levels for trainees, however the Law Society of Scotland will continue to decline registrations for training contracts where the salary level is less than the National Living Wage, as set by the Living Wage Foundation. Trainee solicitors are the future of the profession and given the adverse impact on recruitment of qualified solicitors following the reduction of trainee appointments on the back of the financial crisis in 2008, it is important to continue investing in trainees, wherever possible. For assistance with your business plans and budget, please contact our EQ Professions team at professions@eqaccountants.co.uk or by calling one of our offices. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology