Stick or twist? City firms battle it out in NQ salary brinkmanship after Allen & Overy freezes rates
The war for junior talent at the top end of London’s legal market entered a new phase of brinkmanship this year, as firms jostled for position after Allen & Overy (A&O)’s decision to freeze its associate rates. A&O froze its newly-qualified (NQ) salaries in late June, citing a ‘more challenging business environment’. The firm typically …