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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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.
Linklaters ramps up associate salaries and rolls out flexible working after remuneration review
Magic Circle firm Linklaters has ramped up associate take-home pay after a lengthy review of its remuneration.
Comment: An open letter to Gen X partners and Millennial associates…
Dear partner,
We know there is a lot of talk about the new generation of associates, how entitled and short term they are, and that either you or a colleague has been talking about what to do about the kids.
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US bonus season: Skadden ups the ante with bonus as Simpson Thacher, Paul Weiss and others match Cravath associate pay
Wall Street’s top firms have announced their bonuses for associates, with many matching the levels of Cravath, Swaine & Moore, which became the first US firm to set the benchmark for US associate bonuses this year.
Cravath kicks off bonus season with associates in line for up to $100,000
Cravath Swaine & Moore has set the benchmark for US associate bonuses becoming the first major law firm to announce its end-of-year awards.
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News in brief – July 2015
FRESHFIELDS BREAKS CITY LOCKSTEP TO BRING IN KIRKLAND’S McKIMM
Freshfields Bruckhaus Deringer’s hire of Kirkland & Ellis high-yield heavyweight Ward McKimm made waves in the City in June. Joining as co-head of European leveraged finance, McKimm’s salary is understood to be well above the firm’s City top of equity.
CC matches peers in associate salary race – both Slaughters’ £70k NQs and Links’ 3 year PQE pay
Clifford Chance has revealed its 2015 pay bands for newly-qualified (NQ) lawyers, matching the £70,000 NQ rates of Slaughter and May while also meeting Linklaters’ higher salaries for those with two and three year post-qualified experience (PQE).