Allen & Overy (A&O) has frozen its associate salaries for 2008 - becoming the first magic circle firm to hold back from handing pay-rises to its junior lawyers. Newly-qualified lawyers (NQs) at the City giant will again bank £65,000, the same as last year, while associates with one year post-qualification experience (PQE) will continue to pocket £71,500. Lawyers with two and three years' PQE will again earn £84,000 and £92,500 respectively.
May 09, 2008 at 10:08 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) has frozen its associate salaries for 2008 – becoming the first magic circle firm to hold back from handing pay-rises to its junior lawyers.
Newly-qualified lawyers (NQs) at the City giant will again bank £65,000, the same as last year, while associates with one year post-qualification experience (PQE) will continue to pocket £71,500.
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