White & Case freezes City pay as profits fall
White & Case's London office is to freeze associate salaries in a bid to cut costs in response to the global recession. The pay freeze will affect all London-based associates, counsel, trainees and professional support lawyers, although support staff salaries will be reviewed as normal on 1 May, 2009.The move, which comes after Freshfields Bruckhaus Deringer yesterday became the first UK firm to break with assistant lockstep by freezing pay, means newly-qualified lawyers will continue to take home £78,000 a year, while a first-year moving into the second year of qualification will remain on £86,000 a year and a lawyer moving from two years' PQE to three will stick on £97,000.
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