Freshfields Bruckhaus Deringer has become the first UK law firm to freeze assistant lockstep, with the magic circle firm telling staff today (9 February) that salaries for associates and business support staff will be held. The pay freeze is effectively a cut for lawyers, as it means associates will not progress through to the next pay band, leaving an associate moving towards two year's experience on £73,000 - the rate set for a one-year qualified lawyer last year.
February 09, 2009 at 12:56 PM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer has become the first UK law firm to break assistant lockstep, with the City giant telling staff today (9 February) that salaries for associates will be held at 2008 levels.
The pay freeze means associates will not progress through to the next pay band, leaving a newly-qualified lawyer on the same salary after one-year post qualification experience (PQE), when they would normally see a 10% rise in salary.
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