Pay rise for associates at Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer has announced a payrise in its lockstep pay bands, effective 1 May.
The changes ncrease the firm's newly-qualified rate by £1,000 to £60,000, while one-year qualified lawyers will see a £2,000 raise to £68,000.
Lawyers with two years' experience will now earn £75,000, up from £73,000, while the third year-rate is unchanged at £86,000.
The announcement comes after a February decision to unfreeze the lockstep as of 1 May, allowing associates to move through the bands as normal. Since that decision a number of other magic circle firms have moved to unfreeze lockstep, and in April rivals Clifford Chance and Allen & Overy both announced increases in the levels of their pay bands.