Allen & Overy has frozen its associate salaries for 2008 -- becoming the first Magic Circle firm to hold back from handing pay raises to its junior lawyers. Newly qualified lawyers at the U.K. giant will again bank 65,000 pounds ($126,900), the same as last year, while associates with one year post-qualification experience will continue to pocket 71,500 pounds ($139,600). Lawyers with two and three years' PQE will again earn 84,000 pounds ($164,000) and 92,500 ($180,600) respectively.
May 12, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Newly-qualified lawyers (NQs) at the U.K. giant will again bank 65,000 pounds ($126,900), the same as last year, while associates with one year post-qualification experience (PQE) will continue to pocket 71,500 pounds ($139,600).
Lawyers with two and three years’ PQE will again earn 84,000 pounds ($164,000) and 92,500 pounds ($180,600) respectively.
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