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Jonathan Skerrett
10 months ago by Jonathan Skerrett
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​Rutherford Search In-house Legal Salary Survey 2020

The trend for increasing salaries for in-house lawyers in the UK looked set to continue in 2020 until the arrival of the global pandemic, which continues to shake up working practices and compensation expectations. To a large extent we have yet to see a lot of these structural changes fully play out and the results of our salary survey indicate an abatement in salary rises as the market digests the full impact of the changes. Whilst there have been some rationalisations in legal teams this year, the added demands the pandemic has placed upon lawyers commercially, combined with the continuing uncertainty around Brexit and other legacy regulatory pressures from 2019, ensure the role remains vital and that good lawyers are still in demand. This is particularly the case with candidates adopting the attitude that is not the time to raise one's head above the parapet - leading to a shallow candidate pool. The dramatic changes to current and predicted approaches to flexible working both in-house and in private practice are lively to have a significant impact on salaries in 2021.

If you have any questions related to this salary survey, please contact the Rutherford team by email at enquiries@rutherfordsearch.com or by phone at +44 (0)207 412 8923.

Hedge Funds

PQE

GBP per annum: base

NQ - 2 years

70 - 100K

2 - 4 years

90 - 110K

4 - 6 years

95 - 125K

6 - 8 years

100 - 130K

8 - 10+ years

140 - 160K

Head of Legal

160 - 250K

Managing Director

220 - 350K

Asset Management

PQE

GBP per annum: base

NQ - 2 years

65 - 95K

2 - 4 years

85 - 110K

4 - 6 years

95 - 120K

6 - 8 years

100 - 130K

8 - 10+ years

130 - 150K

Head of Legal

150 - 200K

Managing Director

220 - 300K

Private Equity

PQE

GBP per annum: base

NQ - 2 years

70 - 95K

2 - 4 years

85 - 110K

4 - 6 years

95 - 120K

6 - 8 years

115 - 130K

8 - 10+ years

140 - 160K

Head of Legal

160 - 250K

Managing Director

220 - 350K

General Banking/Finance/Corporate

PQE

GBP per annum: base

NQ - 2 years

70 - 95K

2 - 4 years

95 - 105K

4 - 6 years

105 - 120K

6 - 8 years

115 - 135K

8 - 10+ years

125 - 145K

Head of Legal

150 - 200K

Managing Director

220 - 350K

Retail (Retail/Consumer Lending)

PQE

GBP per annum: base

NQ - 2 years

60 - 75K

2 - 4 years

65 - 80K

4 - 6 years

75 - 95K

6 - 8 years

90 - 110K

8 - 10+ years

95 - 115K

Head of Legal

110 - 140K

Managing Director

150 - 220K

Brokers/Exchange/Market Infrastructure

PQE

GBP per annum: base

NQ - 2 years

65 - 75K

2 - 4 years

75 - 85K

4 - 6 years

80 - 100K

6 - 8 years

90 - 120K

8 - 10+ years

120 - 145K

Head of Legal

130 - 170K

Managing Director

150 - 250K

Fintech

PQE

GBP per annum: base

NQ - 2 years

65 - 75K

2 - 4 years

65 - 90K

4 - 6 years

75 - 100K

6 - 8 years

85 - 105K

8 - 10+ years

90 - 125K

Head of Legal

115 - 175K

Managing Director

170 - 250K

Payments

PQE

GBP per annum: base

NQ - 2 years

60 - 75K

2 - 4 years

65 - 80K

4 - 6 years

70 - 95K

6 - 8 years

90 - 110K

8 - 10+ years

90 - 115K

Head of Legal

110 - 160K

Managing Director

150 - 240K

Insurance

PQE

GBP per annum: base

NQ - 2 years

60 - 70K

2 - 4 years

70 - 85K

4 - 6 years

75 - 100K

6 - 8 years

85 - 105K

8 - 10+ years

95 - 120K

Head of Legal

115 - 160K

Managing Director

150 - 240K

Disclaimer

This salary survey is designed to represent an indication of the most up to date compensation information available relating to In-house lawyers across the UK financial services market. It is important to note that these are not definitive and exceptions do exist at either end of the salary spectrum. The firm size/headcount and jurisdictional coverage, risk profile, product complexity, profitability, experience, strategies and other elements will all feed into a more accurate market rate. This survey is intended to provide guidelines. For a more definitive assessment, please contact one of our consultants.

See other Rutherford Salary Surveys

Compliance Salary Survey for 2020 (financial services)

Compliance Salary Survey for 2016/2017 (financial services)

Compliance Salary Survery for 2013 (financial services)