Freshfields has upped its NQ salary to £150k a year. Let’s break that down:
🔸 Take-home pay, net of tax and NI (but not student loan or pension contributions) would be £90,532.40 according to Reed.
🔸 Freshfields requires 3 days a week in their London office and the average cost of living as a single person in London is currently £43,728 a year according to HomeViews.
🔸Average working hours at Freshfields are 11.5 hours a day (approximately 2500 a year) according to Legal Cheek.
🔸 That brings it out at around £60 per hour gross pay.
Context is everything. Big salaries come with big demands and the net benefit doesn’t always translate once all things are considered.
Keep an open mind, a smaller salary with more flexibility might actually provide greater overall value…
🔸 Take-home pay, net of tax and NI (but not student loan or pension contributions) would be £90,532.40 according to Reed.
🔸 Freshfields requires 3 days a week in their London office and the average cost of living as a single person in London is currently £43,728 a year according to HomeViews.
🔸Average working hours at Freshfields are 11.5 hours a day (approximately 2500 a year) according to Legal Cheek.
🔸 That brings it out at around £60 per hour gross pay.
Context is everything. Big salaries come with big demands and the net benefit doesn’t always translate once all things are considered.
Keep an open mind, a smaller salary with more flexibility might actually provide greater overall value…