Shearman & Sterling‘s UK associates will see another increase to their salaries with newly qualified (NQ) lawyers taking home £10,000 more starting this month. Continue reading “Shearman hikes UK associate pay following 14% increase in City revenue”
In a bid to offer more flexible career options for associates, Linklaters is trialling an alternative career track which would see associates take a pay cut for a reduced working week in its German offices. Continue reading “Linklaters trials fixed-hours week for German associates”
Around 25 associates across Freshfields are part of the initiative, which began when a client invited associate Adam Ryan to pitch alongside another associate, Claire Harrop. The pair now lead the fintech associate initiative.
Continue reading “Freshfields gives power to associates to pitch for fintech clients”
Associates at Slaughter and May will receive salary increases of up to 10% as of January 2017 following a major review of the firm’s pay structure, as well as options for working from home and a paid sabbatical. Continue reading “Slaughters seeks to maintain no billable hours culture with associate pay revamp”
The remaining Magic Circle firms with a US presence have now matched Cravath, Swain & Moore‘s associate bonus payouts with Freshfields Bruckhaus Deringer and Linklaters the latest to send out memos, following Clifford Chance (CC) and Allen & Overy (A&O).
Continue reading “Freshfields and Linklaters last of the big four to match US associate bonuses”
Magic Circle firms Allen & Overy (A&O) and Clifford Chance (CC) have stepped up to match bonus levels rewarded by leading Wall Street firms. Continue reading “US bonuses: CC and A&O match Cravath reward of up to $100,000 for associates”
Akin Gump Strauss Hauer & Feld has reviewed its associate salaries and will pay junior lawyers according to exchange rates in light of a volatile pound. This means the firm’s London-based newly-qualified (NQ) lawyers will see salaries swell to $180,000, which at current exchange rates is nearly £150,000.
Continue reading “Akin Gump revamps associate pay to reflect volatile pound post Brexit vote”
In a bid to compete with its US rivals, Freshfields Bruckhaus Deringer and Clifford Chance have followed in the footsteps of Cravath, Swaine & Moore, matching the salaries of its US-based associates, bringing pay to $180,000.
Predictions of a pay war have proved correct after four US firms followed Cravath, Swaine & Moore into bumping up their associate pay.
Continue reading “Following suit: Four firms match Cravath associate pay boost”
NQs at Freshfields receiving £17.5k extra
Newly-qualified (NQ) solicitors at Freshfields Bruckhaus Deringer have received the largest bump in pay of the Magic Circle so far this year, taking home around 25% more than last year.
At Freshfields, NQ pay packets have been boosted by an extra £17,500 after the firm announced it would be folding in its discretionary bonuses, with pay set to rise 26% to £85,000 on last year’s figure of £67,500. The move follows a freeze last year.
