US law firms still flashing the cash for UK associates
Despite salary cuts and freezes, newly qualified lawyers (NQs) in London remain among of the highest-paid graduates in the UK.
Latham & Watkins pays its NQs £96,970, followed by US rival Cleary Gottlieb Steen & Hamilton with £92,000. New associates at Weil, Gotshal & Manges, another US firm in the City, will see their pay packet cut by 5.6% to a "miserly" £85,000, reports LawCareer.net.
Meanwhile, all four magic circle firms have cut starting salaries. Freshfields Bruckhaus Deringer and Clifford Chance are paying newly qualified associates £59,000 (-£7,000 compared to last year), just less than Allen & Overy's £60,000 (-£5,000), and Linklaters' £61,500 (-£5,100).
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