Weil Gotshal Trims Pay For New Lawyers In London

Law360, New York (July 7, 2009, 12:00 AM EDT) -- Weil Gotshal & Manges LLP has reportedly dropped starting salaries for newly qualified lawyers in its London office from £90,000 ($145,200) to £85,000 ($137,100), following in the footsteps of a number of firms that have experimented with salary reductions to quell recession woes.

The 5.5 percent salary decrease will apply to newly qualified lawyers, known as trainee solicitors in the U.K., who are set to begin work in September, according to a report from The Lawyer.

The salaries for associates who have worked at the firm...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.