Pay rise for associates at Freshfields Bruckhaus Deringer

May 7, 2010 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.

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