The legal profession is this year set to face full pay freezes, reduced working hours and unpaid leave as the City's leading law firms seek alternatives to widespread redundancies.This is the key finding of the latest Big Question survey of partners, which found widespread support for measures to reduce the level of job cuts. Two-thirds of partners favoured a full freeze of associate pay - which would require a temporary halt to the 'lockstep' system of paying junior lawyers according to seniority - while a further quarter were undecided.
February 11, 2009 at 10:57 PM
1 minute read
The original version of this story was published on Legalweek
Redundancies are not the only option available to firms seeking to reduce staff costs, as senior lawyers back alternative options such as pay freezes and four-day weeks, finds Leigh Jackson
The legal profession is this year set to face full pay freezes, reduced working hours and unpaid leave as the City’s leading law firms seek alternatives to widespread redundancies.
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