Leading firms move to halt spiralling salaries as economic woes force cultural shake-up
September 11, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
Several top firms in Germany have pledged to put a stop to the surging salary increases for local associates, as the legal sector confronts the continued slowdown in Germany’s legal market.
Legal recruiters and German office managing partners have told Legal Week that there will be little or no salary increases for newly-qualified associates in the upcoming 2003 pay round, although lawyers will move up annual salary bands as usual.
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