Ashurst and Simmons & Simmons have joined Allen & Overy (A&O) and Freshfields Bruckhaus Deringer in freezing pay in a bid to stave off further job cuts. Ashurst told staff earlier this week (9 March) that all non-partner lawyers and support staff will see pay held at 2008 levels. The firm abandoned associate lockstep about two years ago to focus on rewarding individual merit, but there will also be no increases this year. Ashurst is also dropping its newly-qualified (NQ) rate from March onwards by just over 8% to £60,000 from £65,000.
March 12, 2009 at 02:00 AM
1 minute read
The original version of this story was published on Legalweek
Ashurst and Simmons & Simmons have joined Allen & Overy (A&O) and Freshfields Bruckhaus Deringer in freezing pay in a bid to stave off further job cuts.
Ashurst told staff earlier this week (9 March) that all non-partner lawyers and support staff will see pay held at 2008 levels. The firm abandoned associate lockstep about two years ago to focus on rewarding individual merit, but there will also be no increases this year.
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