Addleshaw Goddard has introduced the role of managing associate, it has emerged, as part of a drive to reward high-achieving lawyers with four years’ post-qualification experience (PQE) and more.

The new post – which carries with it a £5,000 pay increase and an additional two days’ holiday – came into effect on 1 September, 2007, with 134 lawyers across the firm’s national network promoted to the position.