Following another disappointing round of financial results, Ashurst is considering implementing a raft of changes to partner remuneration.
Continue reading “Ashurst to revamp lockstep and add bonus pool after financials disappoint”
Travers Smith matches Slaughters associate base pay as indies beat Brexit woes to lift salaries
Despite post-Brexit referendum market turbulence, independent firms Travers Smith and Macfarlanes have both elevated their newly-qualified (NQ) pay levels, with the former matching Slaughter and May’s newly-qualified pay level of £71,500.
HSF enters pay war with newly-qualified base salaries above Linklaters and Slaughters
Herbert Smith Freehills has significantly bumped up pay packets, awarding its associates with a base salary of £82,000, up £13,000 on last year’s £69,000.
Linklaters the latest to match Cravath’s $180,000 associate pay in New York salary war
Linklaters has become the latest, and the last, of the Magic Circle firms in the US to match Cravath, Swaine & Moore’s $180,000 pay for first year associates in New York.
Guest post: US associate pay – welcome to the New Mediocre
‘New York To $190!’ was the long-running headline Above The Law printed frequently in more innocent and/or palmier days, with (we suppose) a combination of hope and bemusement. Well, Cravath’s pre-emptive strike of going to $180k didn’t quite get us there. Welcome to the New Normal – or the New Mediocre, the version I’m fond of because of its pith.
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Remuneration revamp: Clifford Chance hikes NQ salaries
Clifford Chance (CC) is the latest Magic Circle firm to reveal its 2016/17 pay bands for newly-qualified (NQ) lawyers. Having taken effect last month (1 May), the inclusion of bonuses sees a rise in NQ pay at £85,000 compared to £70,000 before bonuses in 2015.
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Stewarts Law latest to sweeten staff with increased pay and incentives
Stewarts Law has boosted pay and incentives for junior lawyers, paralegals and business services staff in a bid to maintain and enhance competitive advantages.
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Bumper pay hike for newly qualifieds at Freshfields as firm folds bonus into salary
Newly qualified solicitors at Freshfields Bruckhaus Deringer have an extra £17,500 in their pay packets this year after the firm announced it has folded a discretionary bonus into NQ salaries from 1 May.
Associate pay: Slaughter and May releases muted salary increases
Slaughter and May has released underwhelming associate salary increases, ranging between 2% and 5%, following its annual pay review.
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Sidley Austin hikes associate pay to secure Kirkland movers amid plans to launch in Munich
Sidley Austin is upping its game in the City by announcing it will increase the salary of all its London associates to at least £100,000.