Freshfields breaks five year pay freeze
Freshfields has broken a five year pay freeze on trainee and associate salaries, following the lead of Slaughter and May and Linklaters, which announced their own raises in early May.
It is difficult to compare Freshfields’ salary levels with those of other firms, since pay is determined not by the number of years of post qualification experience, but according to seven ‘key elements’ like technical skills and project management.
RolOnFriday reports that industry concerns about firms introducing sly pay cuts by putting staff at the low end of complicated pay brackets are not borne out by survey data, at least at Freshfields. And after the recent pay rise, even the lowest paid newly qualified lawyer at Freshfields will take home at least £2,500 more than their peers at the other Magic Circle firms.