Weil Gotshal & Manges has dropped the starting salary of newly-qualified lawyers in its London arm by 5.5% to £85,000. The move sees the firm become the latest practice to halt associate lockstep in response to the current recession, with incoming City lawyers this year earning £85,0000, against a previous rate of £90,000.
July 07, 2009 at 09:32 AM
1 minute read
The original version of this story was published on Legalweek
Weil Gotshal & Manges has dropped the starting salary of newly-qualified lawyers in its London arm by 5.5% to £85,000.
The move sees the firm become the latest practice to halt associate lockstep in response to the current recession, with incoming City lawyers this year earning £85,0000, against a previous rate of £90,000.
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